Sweden: Baryte Market 2024

Baryte Market Size in Sweden

In 2021, after seven years of growth, there was decline in the Swedish baryte market, when its value decreased by -1.7% to $X. In general, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 3.9%. Baryte consumption peaked at $X in 2020, and then reduced slightly in the following year.

Baryte Production in Sweden

In value terms, baryte production reduced slightly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +61.3% against 2012 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 6.9% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then declined in the following year.

Baryte Exports

Exports from Sweden

In 2021, shipments abroad of barytes decreased by -45.3% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 2,695% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, baryte exports contracted markedly to $X in 2021. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 656% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Estonia (X tons) was the main destination for baryte exports from Sweden, with a 58% share of total exports. Moreover, baryte exports to Estonia exceeded the volume sent to the second major destination, the UK (X tons), threefold. The third position in this ranking was held by France (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Estonia totaled +45.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-14.4% per year) and France (+28.7% per year).

In value terms, Estonia ($X), Norway ($X) and France ($X) constituted the largest markets for baryte exported from Sweden worldwide, together accounting for 83% of total exports.

Among the main countries of destination, Estonia, with a CAGR of +28.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average baryte export price stood at $X per ton in 2021, rising by 37% against the previous year. Over the period under review, the export price, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2016 when the average export price increased by 155%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Baryte Imports

Imports into Sweden

In 2021, overseas purchases of barytes were finally on the rise to reach X tons after two years of decline. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 31% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, baryte imports reached $X in 2021. The total import value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 19% against the previous year. Over the period under review, imports hit record highs at $X in 2018; afterwards, it flattened through to 2021.

Imports by Country

The Netherlands (X tons), China (X tons) and Turkey (X tons) were the main suppliers of baryte imports to Sweden, with a combined 87% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +48.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest baryte suppliers to Sweden were the Netherlands ($X), China ($X) and Turkey ($X), together comprising 85% of total imports.

The Netherlands, with a CAGR of +45.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average baryte import price stood at $X per ton in 2021, dropping by -4.4% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 35%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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