Turkey - Barytes - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingBaryte Price in Turkey - 2023
Contents:
- Baryte Price in Turkey (FOB) - 2023
- Baryte Price in Turkey (CIF) - 2022
- Baryte Exports in Turkey
- Baryte Imports in Turkey
Baryte Price in Turkey (FOB) - 2023
In July 2023, the average baryte export price amounted to $304 per ton, reducing by -7.1% against the previous month. Over the period under review, export price indicated perceptible growth from July 2022 to July 2023: its price increased at an average monthly rate of +3.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, baryte export price increased by +65.6% against April 2023 indices. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 56% month-to-month. The export price peaked at $327 per ton in June 2023, and then shrank in the following month.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Israel ($475 per ton), while the average price for exports to Canada ($167 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.
Baryte Price in Turkey (CIF) - 2022
In 2022, the average baryte import price amounted to $169 per ton, dropping by -14.7% against the previous year. Over the period under review, the import price showed a pronounced setback. The most prominent rate of growth was recorded in 2015 an increase of 120%. Over the period under review, average import prices attained the maximum at $568 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($2,000 per ton), while the price for Iran ($61 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+12.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Baryte Exports in Turkey
In 2022, the amount of barytes exported from Turkey soared to 253K tons, increasing by 36% on 2021 figures. In general, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, baryte exports skyrocketed to $53M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.2% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Baryte in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Guyana | 2.3 | 3.6 | 7.6 | 10.7 | 66.9% |
Egypt | 9.2 | 4.3 | 2.3 | 4.5 | -21.2% |
Italy | 1.8 | 1.9 | 3.5 | 3.7 | 27.1% |
Canada | 1.0 | 2.6 | 4.8 | 3.6 | 53.3% |
Russia | 1.1 | 1.0 | 2.2 | 2.8 | 36.5% |
Colombia | N/A | N/A | N/A | 2.7 | 0% |
Algeria | 0.6 | 0.4 | 0.8 | 2.1 | 51.8% |
Spain | 0.9 | 0.9 | 2.0 | 2.1 | 32.6% |
Germany | 0.7 | 0.7 | 1.2 | 2.0 | 41.9% |
Suriname | N/A | N/A | N/A | 1.7 | 0% |
Saudi Arabia | 0.1 | 0.1 | N/A | 1.6 | 152.0% |
Trinidad and Tobago | 1.3 | 0.3 | 1.2 | 1.3 | 0.0% |
Israel | 1.6 | 0.5 | 0.6 | 1.2 | -9.1% |
Others | 14.9 | 13.2 | 11.6 | 13.3 | -3.7% |
Total | 35.6 | 29.4 | 37.7 | 53.5 | 14.5% |
Top Export Markets for Baryte from Turkey in 2022:
- Guyana (45.4K tons)
- Egypt (30.8K tons)
- Canada (24.6K tons)
- Colombia (15.4K tons)
- Saudi Arabia (14.9K tons)
- Algeria (13.2K tons)
- Italy (13.0K tons)
- Suriname (10.4K tons)
- Germany (9.9K tons)
- Russia (7.1K tons)
- Spain (6.3K tons)
- Israel (5.7K tons)
- Trinidad and Tobago (5.5K tons)
Baryte Imports in Turkey
For the fourth consecutive year, Turkey recorded growth in purchases abroad of barytes, which increased by 52% to 38K tons in 2022. Overall, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 192%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, baryte imports surged to $6.4M in 2022. Over the period under review, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 44% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
Import of Baryte in Turkey (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 2,052 | 2,292 | 2,282 | 2,424 | 5.7% |
Morocco | 6.8 | 77.9 | 891 | 2,318 | 598.6% |
Bulgaria | N/A | N/A | 845 | 1,067 | 26.3% |
Netherlands | 164 | 191 | 282 | 339 | 27.4% |
Iran | 38.2 | 133 | 83.4 | 104 | 39.6% |
China | 560 | 584 | 452 | 66.9 | -50.7% |
Others | 84.8 | 152 | 85.8 | 56.6 | -12.6% |
Total | 2,907 | 3,430 | 4,922 | 6,376 | 29.9% |
Top Suppliers of Baryte to Turkey in 2022:
- Morocco (21.7K tons)
- Bulgaria (9.6K tons)
- Spain (4.0K tons)
- Iran (1.7K tons)
- Netherlands (0.5K tons)
- China (0.1K tons)
This report provides an in-depth analysis of the baryte market in Turkey. 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:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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
-
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
-
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
This report provides an in-depth analysis of the baryte market in Turkey.
This report provides an in-depth analysis of the market for silicon-electrical steel flat-rolled product in Turkey.
This report provides an in-depth analysis of the medical thermometer market in Turkey.
This report provides an in-depth analysis of the liquid-filled thermometer market in Turkey.
This report provides an in-depth analysis of the market for pulley tackle and hoists powered by an electric motor in Turkey.
This report provides an in-depth analysis of the saccharin market in Turkey.
This report provides an in-depth analysis of the global baryte market.
This report provides an in-depth analysis of the global market for silicon-electrical steel flat-rolled product.
Global Medical Thermometer Market Report 2018. This report provides an in-depth analysis of the global medical thermometer market.
Global Liquid-Filled Thermometer Market Report 2018. This report provides an in-depth analysis of the global liquid-filled thermometer market.
From 2019 to 2023, Baryte exports experienced a slightly lower growth rate, with the export value dropping significantly to $40M in 2023.
In July 2023, the Baryte price fell by 7.1% to $304 per ton (FOB, Turkey) compared to the previous month.
In March 2023, the growth pace of Saccharin imports was the most rapid, increasing by 183% month-on-month. In terms of value, imports of Saccharin skyrocketed to $851K in July 2023.
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.
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...
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...
China dominates in the global baryte trade. In 2014, China exported X thousand tons of barytes totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total baryte exports in va
Explore the world's leading import markets for silicon-electrical steel flat-rolled products. Discover key statistics and market insights on IndexBox platform.
Global silicon-electrical steel flat-rolled product imports stood at X tons in 2016, picking up by X% against the previous year figure. Overall, silicon-electrical steel flat-rolled product import...
Global silicon-electrical steel flat-rolled product imports stood at X tons in 2016, picking up by X% against the previous year figure. Overall, silicon-electrical steel flat-rolled product import...