Price for Barium Sulphate (Barytes); Natural in Azerbaijan - 2023
Contents:
- Price for Barium Sulphate (Barytes); Natural in Azerbaijan (CIF) - 2023
- Price for Barium Sulphate (Barytes); Natural in Azerbaijan (FOB) - 2022
- Imports of Barium Sulphate (Barytes); Natural in Azerbaijan
- Exports of Barium Sulphate (Barytes); Natural in Azerbaijan
Price for Barium Sulphate (Barytes); Natural in Azerbaijan (CIF) - 2023
In July 2023, the average barium sulphate (barytes); natural import price amounted to $219 per ton, dropping by -24.1% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 40% against the previous month. The import price peaked at $298 per ton in May 2023; however, from June 2023 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Malaysia ($295 per ton), while the price for Kazakhstan ($194 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Turkey (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Barium Sulphate (Barytes); Natural in Azerbaijan (FOB) - 2022
The average barium sulphate (barytes); natural export price stood at $232 per ton in 2022, increasing by 3.5% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2017 an increase of 10% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Georgia.
From 2012 to 2022, the rate of growth in terms of prices for Georgia amounted to +3.0% per year.
Imports of Barium Sulphate (Barytes); Natural in Azerbaijan
After two years of decline, supplies from abroad of barium sulphate (barytes); naturals increased by 75% to 42K tons in 2022. Over the period under review, imports, however, showed a abrupt decrease.
In value terms, barium sulphate (barytes); natural imports soared to $8.6M in 2022. Overall, imports, however, saw a abrupt decrease.
| Import of Barium Sulphate (Barytes); Natural in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 3.1 | 3.3 | 0.7 | 5.4 | 20.3% |
| Turkey | 5.1 | 5.0 | 1.0 | 2.2 | -24.4% |
| Iran | 0.5 | 0.3 | 0.3 | 1.0 | 26.0% |
| Morocco | 2.9 | 3.3 | 2.4 | N/A | -9.0% |
| Others | 0.1 | 0.3 | 0.1 | N/A | 0.0% |
| Total | 11.7 | 12.1 | 4.5 | 8.6 | -9.8% |
Top Suppliers of Barium Sulphate (Barytes); Natural to Azerbaijan in 2022:
- Kazakhstan (27.2K tons)
- Turkey (10.3K tons)
- Iran (4.2K tons)
Exports of Barium Sulphate (Barytes); Natural in Azerbaijan
For the third year in a row, Azerbaijan recorded decline in overseas shipments of barium sulphate (barytes); naturals, which decreased by -43.2% to 32 tons in 2022. In general, exports recorded a abrupt slump. The smallest decline of -2% was in 2020.
In value terms, barium sulphate (barytes); natural exports plummeted to $7.5K in 2022. Over the period under review, exports recorded a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 1.3% against the previous year. As a result, the exports attained the peak of $13K, and then fell dramatically in the following year.
| Export of Barium Sulphate (Barytes); Natural in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Georgia | 11.6 | 12.1 | 12.4 | 7.5 | -13.5% |
| China | 0.9 | 0.5 | 0.3 | N/A | -42.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 12.5 | 12.6 | 12.8 | 7.5 | -15.7% |
Top Export Markets for Barium Sulphate (Barytes); Natural from Azerbaijan in 2022:
- Georgia (32.3 tons)
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