Price for Barium Sulphate (Barytes); Natural in Bahrain - 2022
Contents:
- Price for Barium Sulphate (Barytes); Natural in Bahrain (CIF) - 2022
- Price for Barium Sulphate (Barytes); Natural in Bahrain (FOB) - 2022
- Imports of Barium Sulphate (Barytes); Natural in Bahrain
- Exports of Barium Sulphate (Barytes); Natural in Bahrain
Price for Barium Sulphate (Barytes); Natural in Bahrain (CIF) - 2022
The average barium sulphate (barytes); natural import price stood at $206 per ton in 2022, shrinking by -15.5% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 41%. As a result, import price reached the peak level of $380 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($209 per ton), while the price for Saudi Arabia amounted to $204 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.4%).
Price for Barium Sulphate (Barytes); Natural in Bahrain (FOB) - 2022
In 2022, the average barium sulphate (barytes); natural export price amounted to $228 per ton, which is down by -48.3% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 89% against the previous year. As a result, the export price reached the peak level of $867 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +8.3% per year.
Imports of Barium Sulphate (Barytes); Natural in Bahrain
Barium sulphate (barytes); natural imports into Bahrain expanded rapidly to 12K tons in 2022, rising by 6.1% compared with the previous year. In general, imports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 51%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, barium sulphate (barytes); natural imports dropped to $2.5M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +11.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. As a result, imports attained the peak of $2.8M, and then reduced in the following year.
Import of Barium Sulphate (Barytes); Natural in Bahrain (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Saudi Arabia | 1.2 | 2.0 | 2.3 | 1.7 | 12.3% |
India | 0.5 | 0.2 | 0.4 | 0.8 | 17.0% |
Others | 0.1 | N/A | N/A | N/A | 0% |
Total | 1.8 | 2.2 | 2.8 | 2.5 | 11.6% |
Top Suppliers of Barium Sulphate (Barytes); Natural to Bahrain in 2022:
- Saudi Arabia (8.2K tons)
- India (3.8K tons)
Exports of Barium Sulphate (Barytes); Natural in Bahrain
After two years of decline, shipments abroad of barium sulphate (barytes); naturals increased by 1,685% to 827 tons in 2022. Over the period under review, exports posted a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, barium sulphate (barytes); natural exports skyrocketed to $188K in 2022. Overall, exports continue to indicate a moderate increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Barium Sulphate (Barytes); Natural in Bahrain (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Saudi Arabia | 85.4 | 37.5 | 11.6 | 188 | 30.1% |
United Arab Emirates | 79.2 | 11.0 | 8.8 | N/A | -66.7% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 165 | 48.5 | 20.4 | 188 | 4.4% |
Top Export Markets for Barium Sulphate (Barytes); Natural from Bahrain in 2022:
- Saudi Arabia (826.5 tons)
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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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