Price for Barium Sulphate (Barytes); Natural in Canada - 2023

Price for Barium Sulphate (Barytes); Natural in Canada (CIF) - 2022

In 2022, the average barium sulphate (barytes); natural import price amounted to $127 per ton, remaining constant against the previous year. Over the period under review, the import price, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 54%. The import price peaked at $334 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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 China ($345 per ton), while the price for Morocco ($114 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.6%), while the prices for the other major suppliers experienced a decline.

Price for Barium Sulphate (Barytes); Natural in Canada (FOB) - 2022

The average barium sulphate (barytes); natural export price stood at $365 per ton in 2022, growing by 6.6% against the previous year. Over the period under review, the export price, however, saw a noticeable setback. The growth pace was the most rapid in 2021 when the average export price increased by 45%. Over the period under review, the average export prices reached the peak figure at $449 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -2.0% per year.

Imports of Barium Sulphate (Barytes); Natural in Canada

Barium sulphate (barytes); natural imports into Canada shrank to 113K tons in 2022, which is down by -4.6% against the year before. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +8.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 92%. As a result, imports attained the peak of 119K tons, and then reduced in the following year.

In value terms, barium sulphate (barytes); natural imports declined to $14M in 2022. Overall, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 97% against the previous year. As a result, imports reached the peak of $15M, and then shrank modestly in the following year.

Import of Barium Sulphate (Barytes); Natural in Canada (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	2.6	2.5	5.7	9.4	53.5%
Turkey	2.1	2.6	6.6	2.0	-1.6%
Morocco	2.1	0.5	0.9	1.3	-14.8%
India	2.2	0.7	N/A	0.5	-39.0%
China	1.0	0.9	0.8	0.5	-20.6%
Others	0.4	0.5	0.7	0.6	14.5%
Total	10.5	7.5	14.8	14.3	10.8%

Top Suppliers of Barium Sulphate (Barytes); Natural to Canada in 2022:

United States (81.4K tons)
Turkey (14.6K tons)
Morocco (11.3K tons)
India (3.6K tons)
China (1.6K tons)

Exports of Barium Sulphate (Barytes); Natural in Canada

In 2022, barium sulphate (barytes); natural exports from Canada shrank notably to 255 tons, declining by -27.5% on the previous year. Overall, exports recorded a deep downturn. The growth pace was the most rapid in 2021 with an increase of 1,747% against the previous year.

In value terms, barium sulphate (barytes); natural exports declined rapidly to $93K in 2022. Over the period under review, exports saw a noticeable reduction. The pace of growth was the most pronounced in 2021 when exports increased by 2,572% against the previous year. As a result, the exports attained the peak of $120K, and then declined markedly in the following year.