Asia: Market for Sulphates Of Barium Or Aluminium 2023

Market Size for Sulphates Of Barium Or Aluminium in Asia

In 2021, the Asian barium or aluminium sulphates market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Production of Sulphates Of Barium Or Aluminium in Asia

In value terms, barium or aluminium sulphates production stood at $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 32% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Exports of Sulphates Of Barium Or Aluminium

Exports in Asia

In 2021, after four years of growth, there was significant decline in overseas shipments of sulphates of barium or aluminium, when their volume decreased by -10.1% to X tons. The total export volume increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 25% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020, and then reduced in the following year.

In value terms, barium or aluminium sulphates exports stood at $X in 2021. The total export value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 19% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

In 2021, China (X tons) represented the main exporter of sulphates of barium or aluminium, constituting 60% of total exports. Turkey (X tons) held a 20% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (8%). Malaysia (X tons) and India (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to barium or aluminium sulphates exports from China stood at +1.1%. At the same time, Turkey (+29.3%), Malaysia (+11.2%) and India (+2.7%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +29.3% from 2012-2021. By contrast, Indonesia (-2.9%) illustrated a downward trend over the same period. While the share of Turkey (+17 p.p.) and Malaysia (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Indonesia (-5.5 p.p.) and China (-10.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest barium or aluminium sulphates supplier in Asia, comprising 73% of total exports. The second position in the ranking was taken by Turkey ($X), with an 8.2% share of total exports. It was followed by Indonesia, with a 3.3% share.

In China, barium or aluminium sulphates exports expanded at an average annual rate of +6.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+27.5% per year) and Indonesia (-2.2% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, jumping by 26% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Sulphates Of Barium Or Aluminium

Imports in Asia

In 2021, overseas purchases of sulphates of barium or aluminium decreased by -1.5% to X tons, falling for the second year in a row after three years of growth. The total import volume increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 23% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, barium or aluminium sulphates imports surged to $X in 2021. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons), Singapore (X tons), Hong Kong SAR (X tons), Japan (X tons), Malaysia (X tons) and Vietnam (X tons) represented the major importer of sulphates of barium or aluminium in Asia, making up 51% of total import. The Philippines (X tons), Sri Lanka (X tons), China (X tons), South Korea (X tons), Turkey (X tons), Brunei Darussalam (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +15.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest barium or aluminium sulphates importing markets in Asia were India ($X), China ($X) and Japan ($X), together accounting for 38% of total imports. These countries were followed by Vietnam, Turkey, Malaysia, South Korea, Hong Kong SAR, Singapore, the Philippines, the United Arab Emirates, Sri Lanka and Brunei Darussalam, which together accounted for a further 39%.

In terms of the main importing countries, Vietnam, with a CAGR of +14.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, rising by 22% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+12.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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