U.S. - Barytes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBaryte Price in the United States - 2023
Contents:
- Baryte Price in the United States (CIF) - 2023
- Baryte Price in the United States (FOB) - 2023
- Baryte Imports in the United States
- Baryte Exports in the United States
Baryte Price in the United States (CIF) - 2023
The average baryte import price stood at $77.2 per ton in August 2023, shrinking by -58.2% against the previous month. Over the period under review, the import price showed a abrupt contraction. The growth pace was the most rapid in July 2023 an increase of 96% m-o-m. As a result, import price attained the peak level of $185 per ton, and then contracted significantly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Mexico ($141 per ton), while the price for China ($45.0 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Baryte Price in the United States (FOB) - 2023
The average baryte export price stood at $199 per ton in August 2023, shrinking by -31.4% against the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 33% m-o-m. The export price peaked at $305 per ton in January 2023; however, from February 2023 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($627 per ton), while the average price for exports to Canada totaled $123 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+1.1%).
Baryte Imports in the United States
Baryte imports into the United States soared to 1.9M tons in 2022, with an increase of 32% compared with the year before. Overall, imports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 66% against the previous year.
In value terms, baryte imports surged to $214M in 2022. Over the period under review, imports, however, showed a abrupt descent.
| Import of Baryte in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 88.4 | 33.7 | 33.0 | 78.6 | -3.8% |
| China | 60.5 | 17.7 | 35.4 | 50.5 | -5.8% |
| Mexico | 39.6 | 25.8 | 27.0 | 33.5 | -5.4% |
| Vietnam | 4.8 | 20.9 | 17.3 | 24.3 | 71.7% |
| Morocco | 42.0 | 2.4 | 34.9 | 22.5 | -18.8% |
| Lao People's Democratic Republic | 14.5 | N/A | N/A | N/A | 0% |
| Others | 3.5 | 8.2 | 4.4 | 4.3 | 7.1% |
| Total | 253 | 109 | 152 | 214 | -5.4% |
Top Suppliers of Baryte to the United States in 2022:
- India (841.4K tons)
- China (389.4K tons)
- Morocco (234.0K tons)
- Mexico (230.3K tons)
- Vietnam (167.0K tons)
Baryte Exports in the United States
In 2022, approx. 93K tons of barytes were exported from the United States; with an increase of 52% against the previous year. In general, exports saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 107%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, baryte exports surged to $24M in 2022. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2021 with an increase of 79%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Baryte in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 3.5 | 3.2 | 7.8 | 12.0 | 50.8% |
| Mexico | 2.8 | 2.2 | 6.2 | 7.4 | 38.3% |
| El Salvador | N/A | N/A | 0.5 | 1.1 | 120.0% |
| Guyana | 0.2 | 2.6 | 2.0 | 0.7 | 51.8% |
| Others | 2.7 | 2.2 | 1.9 | 2.4 | -3.9% |
| Total | 9.1 | 10.3 | 18.4 | 23.6 | 37.4% |
Top Export Markets for Baryte from the United States in 2022:
- Canada (70.1K tons)
- Mexico (15.3K tons)
- Guyana (2.4K tons)
- El Salvador (1.7K tons)
This report provides an in-depth analysis of the baryte market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
- 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
-
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
-
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 February 2023, the price of baryte stayed the same at $98.0 per ton (CIF, US) compared to the previous month.
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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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