Overview of the Global Market for Sulphates Of Barium Or Aluminium

Market Size for Sulphates Of Barium Or Aluminium

The global barium or aluminium sulphates market dropped slightly to $X in 2022, falling by -2.3% against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Sulphates Of Barium Or Aluminium

In value terms, barium or aluminium sulphates production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% 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 2016 with an increase of 22% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, global production growth remained at a somewhat lower figure.

Exports of Sulphates Of Barium Or Aluminium

Exports

In 2022, the amount of sulphates of barium or aluminium exported worldwide shrank slightly to X tons, dropping by -4.5% against 2021. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 24% against the previous year. Over the period under review, the global exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, barium or aluminium sulphates exports amounted to $X in 2022. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 21%. The global exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, China (X tons) was the key exporter of sulphates of barium or aluminium, making up 29% of total exports. Turkey (X tons) held a 14% share (based on physical terms) of total exports, which put it in second place, followed by Sweden (7.5%). The Netherlands (X tons), Indonesia (X tons), Spain (X tons), Belarus (X tons), Belgium (X tons), Germany (X tons), the United States (X tons), India (X tons), Slovenia (X tons) and the Czech Republic (X tons) took a minor share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of sulphates of barium or aluminium. At the same time, Turkey (+28.5%), India (+4.9%), Belarus (+3.7%), Sweden (+2.5%), Belgium (+2.2%) and the Czech Republic (+1.2%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +28.5% from 2012-2022. The United States experienced a relatively flat trend pattern. By contrast, Spain (-1.9%), Slovenia (-3.3%), the Netherlands (-3.4%), Indonesia (-4.3%) and Germany (-4.9%) illustrated a downward trend over the same period. Turkey (+13 p.p.) significantly strengthened its position in terms of the global exports, while the Netherlands, Germany, Indonesia and China saw its share reduced by -2%, -2.1%, -2.4% and -3.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest barium or aluminium sulphates supplier worldwide, comprising 42% of global exports. The second position in the ranking was taken by Turkey ($X), with an 8.7% share of global exports. It was followed by Sweden, with a 5.5% share.

In China, barium or aluminium sulphates exports increased at an average annual rate of +4.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+30.7% per year) and Sweden (+2.7% per year).

Export Prices by Country

The average barium or aluminium sulphates export price stood at $X per ton in 2022, with an increase of 5.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2021 an increase of 16%. The global export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.4%), while the other global leaders experienced more modest paces of growth.

Imports of Sulphates Of Barium Or Aluminium

Imports

Global barium or aluminium sulphates imports declined modestly to X tons in 2022, shrinking by -4.3% on 2021 figures. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 9.2% against the previous year. Over the period under review, global imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, barium or aluminium sulphates imports declined modestly to $X in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 30%. As a result, imports reached the peak of $X, and then dropped slightly in the following year.

Imports by Country

In 2022, France (X tons), followed by the United States (X tons) were the major importers of sulphates of barium or aluminium, together constituting 13% of total imports. The following importers - Austria (X tons), India (X tons), Singapore (X tons), Germany (X tons), Ukraine (X tons), Ghana (X tons), Hong Kong SAR (X tons), Japan (X tons), Sweden (X tons), the Netherlands (X tons) and Italy (X tons) - together made up 30% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Ukraine (with a CAGR of +6.9%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), India ($X) and Germany ($X) were the countries with the highest levels of imports in 2022, together accounting for 18% of global imports. Japan, France, Italy, Austria, Ukraine, Sweden, Ghana, the Netherlands, Hong Kong SAR and Singapore lagged somewhat behind, together comprising a further 21%.

Ukraine, with a CAGR of +15.4%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average barium or aluminium sulphates import price amounted to $X per ton, standing approx. at the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 22% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+8.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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