Ukraine: Baryte Market 2024

Baryte Market Size in Ukraine

In 2021, after two years of growth, there was decline in the Ukrainian baryte market, when its value decreased by -3.8% to $X. In general, consumption, however, saw a significant increase. Baryte consumption peaked at $X in 2020, and then dropped in the following year.

Baryte Production in Ukraine

In value terms, baryte production expanded to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by 63% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Baryte Exports

Exports from Ukraine

In 2021, shipments abroad of barytes decreased by 0% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 2,910%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, baryte exports stood at $X in 2021. Over the period under review, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2015 with an increase of 1,756%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for baryte exports from Ukraine, with a 99% share of total exports. It was followed by Poland (X kg), with a 1.3% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to +24.4%.

In value terms, Russia ($X), Romania ($X) and Poland ($X) constituted the largest markets for baryte exported from Ukraine worldwide, together accounting for 99.9% of total exports.

Russia, with a CAGR of +32.9%, saw 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 a decline.

Export Prices by Country

The average baryte export price stood at $X per ton in 2021, approximately reflecting the previous year. Over the period under review, the export price recorded a moderate expansion. The most prominent rate of growth was recorded in 2018 an increase of 192% against the previous year. The export price peaked at $X per ton in 2013; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Russia ($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 Romania (+547.8%), while the prices for the other major destinations experienced more modest paces of growth.

Baryte Imports

Imports into Ukraine

In 2021, supplies from abroad of barytes decreased by -3.7% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports continue to indicate a mild contraction. The pace of growth appeared the most rapid in 2017 with an increase of 223%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, baryte imports contracted modestly to $X in 2021. In general, imports recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2017 when imports increased by 142% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Bulgaria (X tons) constituted the largest baryte supplier to Ukraine, accounting for a 42% share of total imports. Moreover, baryte imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. The third position in this ranking was taken by Russia (X tons), with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Bulgaria amounted to +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-21.1% per year) and Russia (-9.1% per year).

In value terms, Bulgaria ($X) constituted the largest supplier of barytes to Ukraine, comprising 42% of total imports. The second position in the ranking was held by Turkey ($X), with a 12% share of total imports. It was followed by Russia, with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Bulgaria totaled +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-20.4% per year) and Russia (-16.3% per year).

Import Prices by Country

In 2021, the average baryte import price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the import price recorded a slight curtailment. The pace of growth was the most pronounced in 2013 when the average import price increased by 64% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Kazakhstan ($X per ton) and Turkey ($X per ton), while the price for Bulgaria ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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