United Kingdom: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in the UK

In 2022, the UK barium or aluminium sulphates market decreased by -74.8% to $X for the first time since 2017, thus ending a four-year rising trend. Over the period under review, consumption showed a pronounced contraction. As a result, consumption attained the peak level of $X, and then contracted remarkably in the following year.

Exports of Sulphates Of Barium Or Aluminium

Exports from the UK

In 2022, after four years of decline, there was significant growth in shipments abroad of sulphates of barium or aluminium, when their volume increased by 284% to X tons. In general, exports, however, recorded a noticeable slump. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, barium or aluminium sulphates exports surged to $X in 2022. Over the period under review, exports, however, recorded a perceptible setback. The pace of growth was the most pronounced in 2013 with an increase of 54% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Falkland Islands (Malvinas) (X tons), Ireland (X tons) and South Africa (X tons) were the main destinations of barium or aluminium sulphates exports from the UK, with a combined 21% share 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 Falkland Islands (Malvinas) (with a CAGR of +15.6%), while the other leaders experienced more modest paces of growth.

In value terms, Falkland Islands (Malvinas) ($X) emerged as the key foreign market for sulphates of barium or aluminium exports from the UK, comprising 23% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 9.1% share of total exports. It was followed by the Netherlands, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Falkland Islands (Malvinas) totaled +24.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (-1.3% per year) and the Netherlands (+2.8% per year).

Export Prices by Country

The average barium or aluminium sulphates export price stood at $X per ton in 2022, falling by -67.5% against the previous year. In general, the export price continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2020 an increase of 129%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Ireland ($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 Spain (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sulphates Of Barium Or Aluminium

Imports into the UK

In 2022, overseas purchases of sulphates of barium or aluminium decreased by -64.6% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, imports showed a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 214% against the previous year. As a result, imports reached the peak of X tons, and then declined rapidly in the following year.

In value terms, barium or aluminium sulphates imports dropped notably to $X in 2022. Over the period under review, imports, however, posted mild growth. The pace of growth was the most pronounced in 2021 when imports increased by 401% against the previous year. As a result, imports reached the peak of $X, and then shrank remarkably in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest barium or aluminium sulphates supplier to the UK, accounting for a 52% share of total imports. Moreover, barium or aluminium sulphates imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Ireland (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+25.5% per year) and Ireland (-22.6% per year).

In value terms, Germany ($X) constituted the largest supplier of sulphates of barium or aluminium to the UK, comprising 78% of total imports. The second position in the ranking was held by Italy ($X), with a 12% share of total imports. It was followed by China, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+32.2% per year) and China (+27.7% per year).

Import Prices by Country

The average barium or aluminium sulphates import price stood at $X per ton in 2022, falling by -23.9% against the previous year. Overall, the import price, however, saw prominent growth. The pace of growth was the most pronounced in 2014 when the average import price increased by 102%. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then declined notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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