Price for Barium Sulphate (Barytes); Natural in Turkey - 2023
Contents:
- Price for Barium Sulphate (Barytes); Natural in Turkey (FOB) - 2023
- Price for Barium Sulphate (Barytes); Natural in Turkey (CIF) - 2022
- Exports of Barium Sulphate (Barytes); Natural in Turkey
- Imports of Barium Sulphate (Barytes); Natural in Turkey
Price for Barium Sulphate (Barytes); Natural in Turkey (FOB) - 2023
In July 2023, the average barium sulphate (barytes); natural export price amounted to $304 per ton, dropping by -7.1% against the previous month. Over the period under review, export price indicated a pronounced expansion from July 2022 to July 2023: its price increased at an average monthly rate of +3.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, barium sulphate (barytes); natural export price increased by +65.6% against April 2023 indices. The most prominent rate of growth was recorded in March 2023 an increase of 56% against the previous month. Over the period under review, the average export prices attained the maximum at $327 per ton in June 2023, and then fell in the following month.
Prices varied noticeably by the country of destination: 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.
Price for Barium Sulphate (Barytes); Natural in Turkey (CIF) - 2022
In 2022, the average barium sulphate (barytes); natural import price amounted to $169 per ton, shrinking by -14.7% against the previous year. Overall, the import price recorded a perceptible decline. The most prominent rate of growth was recorded in 2015 when the average import price increased by 120%. Over the period under review, average import prices hit record highs at $568 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
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.
Exports of Barium Sulphate (Barytes); Natural in Turkey
Barium sulphate (barytes); natural exports from Turkey surged to 253K tons in 2022, picking up by 36% compared with the previous year. Over the period under review, exports saw 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, barium sulphate (barytes); natural exports soared to $53M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.1% against 2020 indices. 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 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 Barium Sulphate (Barytes); Natural 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)
Imports of Barium Sulphate (Barytes); Natural in Turkey
In 2022, approx. 38K tons of barium sulphate (barytes); naturals were imported into Turkey; increasing by 52% on 2021 figures. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 192% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, barium sulphate (barytes); natural imports soared to $6.4M in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Barium Sulphate (Barytes); Natural 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 | 66.8 | -50.8% |
| Others | 84.8 | 152 | 85.8 | 56.6 | -12.6% |
| Total | 2,907 | 3,430 | 4,922 | 6,376 | 29.9% |
Top Suppliers of Barium Sulphate (Barytes); Natural 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)
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