Price for Barium Sulphate (Barytes); Natural in Malaysia - 2021
Contents:
- Price for Barium Sulphate (Barytes); Natural in Malaysia (CIF) - 2021
- Price for Barium Sulphate (Barytes); Natural in Malaysia (FOB) - 2022
- Imports of Barium Sulphate (Barytes); Natural in Malaysia
- Exports of Barium Sulphate (Barytes); Natural in Malaysia
Price for Barium Sulphate (Barytes); Natural in Malaysia (CIF) - 2021
The average barium sulphate (barytes); natural import price stood at $185 per ton in December 2021, growing by 12% against the previous month. In general, the import price showed slight growth. The growth pace was the most rapid in October 2021 an increase of 84% month-to-month. The import price peaked at $438 per ton in August 2021; however, from September 2021 to December 2021, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was China ($564 per ton), while the price for India ($139 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Barium Sulphate (Barytes); Natural in Malaysia (FOB) - 2022
In 2022, the average barium sulphate (barytes); natural export price amounted to $220 per ton, which is down by -11.3% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 18% against the previous year. As a result, the export price reached the peak level of $283 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($344 per ton), while the average price for exports to India ($142 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brunei Darussalam (+6.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Barium Sulphate (Barytes); Natural in Malaysia
In 2022, approx. 77K tons of barium sulphate (barytes); naturals were imported into Malaysia; waning by -7.9% on 2021 figures. In general, imports showed a mild shrinkage. The growth pace was the most rapid in 2021 when imports increased by 19% against the previous year. As a result, imports attained the peak of 84K tons, and then reduced in the following year.
In value terms, barium sulphate (barytes); natural imports fell to $12M in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. As a result, imports reached the peak of $13M, and then declined in the following year.
Import of Barium Sulphate (Barytes); Natural in Malaysia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 4.2 | 4.9 | 4.4 | 4.0 | -1.6% |
India | 4.7 | 1.8 | 3.6 | 3.3 | -11.1% |
China | 2.0 | 2.3 | 3.2 | 2.9 | 13.2% |
Thailand | 1.3 | 1.9 | 2.0 | 1.8 | 11.5% |
Others | 0.1 | 0.3 | 0.4 | 0.3 | 44.2% |
Total | 12.4 | 11.2 | 13.5 | 12.4 | 0.0% |
Top Suppliers of Barium Sulphate (Barytes); Natural to Malaysia in 2022:
- Vietnam (30.1K tons)
- India (28.4K tons)
- Thailand (11.9K tons)
- China (5.9K tons)
Exports of Barium Sulphate (Barytes); Natural in Malaysia
In 2022, overseas shipments of barium sulphate (barytes); naturals were finally on the rise to reach 660 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a dramatic decrease.
In value terms, barium sulphate (barytes); natural exports skyrocketed to $145K in 2022. Over the period under review, exports, however, saw a dramatic contraction.
Export of Barium Sulphate (Barytes); Natural in Malaysia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brunei Darussalam | 90.4 | 154 | 93.9 | 126 | 11.7% |
India | 73.3 | 16.3 | 10.0 | 16.9 | -38.7% |
Philippines | 113 | N/A | N/A | N/A | 0% |
Others | 40.8 | 13.8 | 2.9 | 2.2 | -62.2% |
Total | 318 | 184 | 107 | 145 | -23.0% |
Top Export Markets for Barium Sulphate (Barytes); Natural from Malaysia in 2022:
- Brunei Darussalam (535.5 tons)
- India (118.4 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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