Ukraine: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Ukraine

The Ukrainian barium or aluminium sulphates market stood at $X in 2022, with an increase of 10% against the previous year. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +21.1% against 2020 indices. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in years to come.

Production of Sulphates Of Barium Or Aluminium in Ukraine

In value terms, barium or aluminium sulphates production shrank to $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.4% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of 73% against the previous year. Barium or aluminium sulphates production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Sulphates Of Barium Or Aluminium

Exports from Ukraine

In 2022, exports of sulphates of barium or aluminium from Ukraine reduced sharply to X tons, waning by -31.5% against the year before. Over the period under review, exports faced a sharp contraction. The pace of growth was the most pronounced in 2020 with an increase of 376%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, barium or aluminium sulphates exports declined markedly to $X in 2022. Overall, exports faced a dramatic curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 283% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Nigeria (X tons) was the main destination for barium or aluminium sulphates exports from Ukraine, with a 73% share of total exports. Moreover, barium or aluminium sulphates exports to Nigeria exceeded the volume sent to the second major destination, Kazakhstan (X tons), sevenfold. The third position in this ranking was taken by Uzbekistan (X tons), with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nigeria totaled -19.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-27.4% per year) and Uzbekistan (-10.5% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for sulphates of barium or aluminium exports from Ukraine, comprising 45% of total exports. The second position in the ranking was held by Nigeria ($X), with a 19% share of total exports. It was followed by Uzbekistan, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan amounted to -12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (-22.4% per year) and Uzbekistan (-5.1% per year).

Export Prices by Country

In 2022, the average barium or aluminium sulphates export price amounted to $X per ton, declining by -15.2% against the previous year. In general, the export price, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 63%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Moldova ($X per ton), while the average price for exports to Nigeria ($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 Belarus (+41.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sulphates Of Barium Or Aluminium

Imports into Ukraine

In 2022, the amount of sulphates of barium or aluminium imported into Ukraine skyrocketed to X tons, jumping by 33% against 2021 figures. In general, imports posted a remarkable increase. The pace of growth was the most pronounced in 2016 when imports increased by 57%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, barium or aluminium sulphates imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed prominent growth. The growth pace was the most rapid in 2016 when imports increased by 87%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Turkey (X tons) constituted the largest barium or aluminium sulphates supplier to Ukraine, accounting for a 68% share of total imports. Moreover, barium or aluminium sulphates imports from Turkey exceeded the figures recorded by the second-largest supplier, Romania (X tons), fourfold. The third position in this ranking was held by Poland (X tons), with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at +72.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+36.6% per year) and Poland (+52.0% per year).

In value terms, Turkey ($X), Germany ($X) and Romania ($X) constituted the largest barium or aluminium sulphates suppliers to Ukraine, together comprising 86% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +67.1%, recorded the highest growth rate of the value of imports, 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, growing by 32% against the previous year. In general, the import price continues to indicate resilient growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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