China: Market for Sulphates Of Barium Or Aluminium 2023

Market Size for Sulphates Of Barium Or Aluminium in China

The Chinese barium or aluminium sulphates market totaled $X in 2022, picking up by 1.9% against the previous year. Over the period under review, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +1.2% against 2019 indices. Barium or aluminium sulphates consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Sulphates Of Barium Or Aluminium in China

In value terms, barium or aluminium sulphates production declined to $X in 2022 estimated in export price. Overall, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 29% against the previous year. Barium or aluminium sulphates production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Exports of Sulphates Of Barium Or Aluminium

Exports from China

In 2022, shipments abroad of sulphates of barium or aluminium decreased by -15.8% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 37% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, barium or aluminium sulphates exports fell to $X in 2022. In general, total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.3% against 2016 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 31%. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

India (X tons), Vietnam (X tons) and Japan (X tons) were the main destinations of barium or aluminium sulphates exports from China, with a combined 27% share of total exports. Malaysia, Italy, the United States, Russia, Brazil, Brunei Darussalam, Zimbabwe, Pakistan, South Korea and the Philippines lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Brunei Darussalam (with a CAGR of +72.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for barium or aluminium sulphates exported from China were India ($X), Vietnam ($X) and Japan ($X), together accounting for 34% of total exports. South Korea, Malaysia, the United States, Russia, the Philippines, Italy, Pakistan, Brazil, Zimbabwe and Brunei Darussalam lagged somewhat behind, together comprising a further 34%.

Brunei Darussalam, with a CAGR of +77.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average barium or aluminium sulphates export price amounted to $X per ton, growing by 5.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.0%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 23% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Brunei Darussalam ($X 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 South Korea (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sulphates Of Barium Or Aluminium

Imports into China

In 2022, approx. X tons of sulphates of barium or aluminium were imported into China; which is down by -24.1% on the year before. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 87% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, barium or aluminium sulphates imports fell significantly to $X in 2022. Overall, imports recorded a slight slump. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. As a result, imports attained the peak of $X, and then reduced rapidly in the following year.

Imports by Country

Japan (X tons), Germany (X tons) and Spain (X tons) were the main suppliers of barium or aluminium sulphates imports to China, with a combined 84% share of total imports. Italy and the Netherlands lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +66.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Germany ($X) and Italy ($X) appeared to be the largest barium or aluminium sulphates suppliers to China, together accounting for 93% of total imports. The Netherlands and Spain lagged somewhat behind, together accounting for a further 4.3%.

The Netherlands, with a CAGR of +63.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average barium or aluminium sulphates import price stood at $X per ton in 2022, with an increase of 2.4% against the previous year. Overall, the import price, however, saw a mild slump. The growth pace was the most rapid in 2017 when the average import price increased by 43% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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