Report Update: May 1, 2024

Iran - Barytes - Market Analysis, Forecast, Size, Trends And Insights

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Baryte Price in Iran - 2021

Baryte Price in Iran (FOB) - 2022

The average baryte export price stood at $62 per ton in 2022, which is down by -3.8% against the previous year. In general, the export price saw a deep downturn. The pace of growth appeared the most rapid in 2013 an increase of 22% against the previous year. Over the period under review, the average export prices reached the maximum at $191 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 Kazakhstan ($138 per ton), while the average price for exports to the United Arab Emirates ($34 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 Kazakhstan (+3.5%), while the prices for the other major destinations experienced a decline.

Baryte Price in Iran (CIF) - 2022

The average baryte import price stood at $328 per ton in 2022, dropping by -8.7% against the previous year. In general, the import price, however, showed noticeable growth. The growth pace was the most rapid in 2018 when the average import price increased by 61%. Over the period under review, average import prices attained the maximum at $469 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($407 per ton), while the price for the United Arab Emirates ($306 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Baryte Exports in Iran

In 2022, baryte exports from Iran declined to 128K tons, which is down by -13% against the previous year's figure. Over the period under review, exports saw a perceptible downturn. The pace of growth appeared the most rapid in 2021 with an increase of 1,005% against the previous year. As a result, the exports attained the peak of 147K tons, and then dropped in the following year.

In value terms, baryte exports contracted notably to $8M in 2022. Overall, exports showed a abrupt downturn. The growth pace was the most rapid in 2021 when exports increased by 804%.

Export of Baryte in Iran (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Kuwait	0.2	N/A	2.2	3.2	152.0%
Iraq	8.5	0.5	5.1	3.0	-29.3%
Azerbaijan	0.4	N/A	0.2	0.5	7.7%
Kazakhstan	0.5	0.1	0.6	0.4	-7.2%
Saudi Arabia	0.4	0.1	0.3	0.2	-20.6%
United Arab Emirates	1.2	0.1	0.4	0.2	-45.0%
Turkmenistan	0.5	0.1	0.2	0.1	-41.5%
Others	0.6	0.1	0.4	0.2	-30.7%
Total	12.2	1.1	9.6	8.0	-13.1%

Top Export Markets for Baryte from Iran in 2022:

Kuwait (54.4K tons)
Iraq (46.8K tons)
Azerbaijan (7.6K tons)
United Arab Emirates (6.8K tons)
Saudi Arabia (4.3K tons)
Kazakhstan (3.2K tons)
Turkmenistan (2.8K tons)

Baryte Imports in Iran

In 2022, approx. 185 tons of barytes were imported into Iran; surging by 75% compared with 2021 figures. In general, imports saw a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, baryte imports soared to $60K in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern.

Import of Baryte in Iran (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	37.1	28.0	18.8	48.0	9.0%
China	22.8	7.8	15.7	8.1	-29.2%
Turkey	0.1	2.3	2.5	2.5	192.4%
Others	1.9	1.4	0.8	1.9	0.0%
Total	61.9	39.5	37.9	60.5	-0.8%

Top Suppliers of Baryte to Iran in 2022:

United Arab Emirates (157.1 tons)
China (19.8 tons)
Turkey (6.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the baryte market in Iran. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

UNCode 16190-2 - Barytes, whether or not calcined

Country coverage:

Iran

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iran
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023