South Africa - Barytes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBaryte Price in South Africa - 2023
Contents:
- Baryte Price in South Africa (CIF) - 2022
- Baryte Price in South Africa (FOB) - 2022
- Baryte Imports in South Africa
- Baryte Exports in South Africa
Baryte Price in South Africa (CIF) - 2022
In 2022, the average baryte import price amounted to $293 per ton, reducing by -3.5% against the previous year. In general, the import price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by 76%. Over the period under review, average import prices hit record highs at $472 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 the Netherlands ($538 per ton), while the price for Zimbabwe ($165 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Baryte Price in South Africa (FOB) - 2022
The average baryte export price stood at $775 per ton in 2022, growing by 190% against the previous year. In general, the export price recorded prominent growth. The pace of growth was the most pronounced in 2013 when the average export price increased by 203%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zimbabwe ($1,623 per ton), while the average price for exports to Namibia ($382 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 Zimbabwe (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.
Baryte Imports in South Africa
In 2022, the amount of barytes imported into South Africa rose remarkably to 3.8K tons, picking up by 10% compared with the previous year. In general, imports recorded temperate growth. The most prominent rate of growth was recorded in 2020 with an increase of 134%. As a result, imports attained the peak of 7.9K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, baryte imports expanded sharply to $1.1M in 2022. The total import value increased at an average annual rate of +3.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 36%. As a result, imports attained the peak of $1.4M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Baryte in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 437 | 470 | 494 | 657 | 14.6% |
| Netherlands | 369 | 411 | 398 | 238 | -13.6% |
| India | 75.7 | 25.4 | 16.1 | 69.7 | -2.7% |
| Turkey | 21.0 | 30.1 | 59.4 | 51.5 | 34.9% |
| Morocco | 67.2 | 330 | 32.4 | 40.4 | -15.6% |
| France | N/A | 12.8 | N/A | 23.5 | 35.5% |
| Zimbabwe | N/A | N/A | N/A | 11.2 | 0% |
| Others | 31.3 | 81.0 | 42.1 | 13.5 | -24.4% |
| Total | 1,001 | 1,361 | 1,042 | 1,106 | 3.4% |
Top Suppliers of Baryte to South Africa in 2022:
- China (2429.0 tons)
- Netherlands (443.4 tons)
- India (409.0 tons)
- Morocco (177.2 tons)
- Turkey (147.7 tons)
- France (72.0 tons)
- Zimbabwe (68.0 tons)
Baryte Exports in South Africa
In 2022, exports of barytes from South Africa declined significantly to 582 tons, with a decrease of -80% compared with the year before. Over the period under review, exports showed a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 501%. As a result, the exports reached the peak of 2.9K tons, and then contracted rapidly in the following year.
In value terms, baryte exports declined remarkably to $451K in 2022. In general, exports saw a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 313%. As a result, the exports reached the peak of $779K, and then declined notably in the following year.
| Export of Baryte in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 20.0 | 6.5 | 1.4 | 220 | 122.4% |
| Zambia | 65.5 | 115 | 115 | 210 | 47.5% |
| Namibia | 5.4 | 0.7 | 11.8 | 7.8 | 13.0% |
| Mozambique | 10.7 | 27.6 | 30.7 | 4.5 | -25.1% |
| Netherlands | N/A | N/A | 594 | N/A | 0% |
| Mauritania | 452 | N/A | N/A | N/A | 0% |
| Others | 4.5 | 39.2 | 25.9 | 8.7 | 24.6% |
| Total | 558 | 189 | 779 | 451 | -6.9% |
Top Export Markets for Baryte from South Africa in 2022:
- Zambia (411.5 tons)
- Zimbabwe (135.5 tons)
- Namibia (20.6 tons)
- Mozambique (9.6 tons)
This report provides an in-depth analysis of the baryte market in South Africa. 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:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In 2020, the global baryte market fell by 15%, hampered by a severe decline seen in the oil industry, which currently consumes 80% of the total baryte output. India remained the only country to maintain 2019 production figures. While the oil industry is set to operate at minimum production levels in the medium term, alternative chemical, coating, and construction baryte applications may emerge as market drivers.
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In 2016, approx. X tons of baryte were imported worldwide- lowering by -X% against the previous year figure. In general, baryte imports continue to indicate a moderate reduction. The most prom...
