Turkey: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Turkey

After two years of growth, the Turkish barium or aluminium sulphates market decreased by -7.5% to $X in 2022. In general, consumption continues to indicate a pronounced decrease. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Production of Sulphates Of Barium Or Aluminium in Turkey

In value terms, barium or aluminium sulphates production reduced notably to $X in 2022 estimated in export price. Over the period under review, production, however, saw a deep slump. The pace of growth was the most pronounced in 2016 when the production volume increased by 94%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Sulphates Of Barium Or Aluminium

Exports from Turkey

Barium or aluminium sulphates exports from Turkey surged to X tons in 2022, increasing by 22% compared with 2021. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 98% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, barium or aluminium sulphates exports surged to $X in 2022. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 107%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

South Africa (X tons), Ghana (X tons) and Ukraine (X tons) were the main destinations of barium or aluminium sulphates exports from Turkey, together comprising 27% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +95.0%), while the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), South Africa ($X) and Cote d'Ivoire ($X) appeared to be the largest markets for barium or aluminium sulphates exported from Turkey worldwide, together comprising 26% of total exports.

South Africa, with a CAGR of +102.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average barium or aluminium sulphates export price stood at $X per ton in 2022, picking up by 33% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sulphates Of Barium Or Aluminium

Imports into Turkey

In 2022, approx. X tons of sulphates of barium or aluminium were imported into Turkey; which is down by -12% compared with the previous year's figure. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 23% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, barium or aluminium sulphates imports dropped to $X in 2022. The total import value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 46% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest barium or aluminium sulphates supplier to Turkey, with a 67% share of total imports. Moreover, barium or aluminium sulphates imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.6% per year) and Italy (-15.9% per year).

In value terms, the largest barium or aluminium sulphates suppliers to Turkey were China ($X), Germany ($X) and Italy ($X), with a combined 97% share of total imports.

Germany, with a CAGR of +7.1%, saw the highest rates of growth with regard to 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 barium or aluminium sulphates import price stood at $X per ton in 2022, with an increase of 5.5% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2021 an increase of 31%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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