Latin America and the Caribbean: Baryte Market 2024

Baryte Market Size in Latin America and the Caribbean

In 2022, the Latin American baryte market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Baryte Production in Latin America and the Caribbean

In value terms, baryte production contracted to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Baryte Exports

Exports in Latin America and the Caribbean

In 2022, exports of barytes in Latin America and the Caribbean soared to X tons, growing by X% compared with the year before. Overall, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, baryte exports soared to $X in 2022. Over the period under review, exports continue to indicate tangible growth. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Bolivia (X tons), committing a X% share of total exports. Peru (X tons) took a minor share of total exports.

Mexico was also the fastest-growing in terms of the barytes exports, with a CAGR of X% from 2012 to 2022. At the same time, Bolivia (X%) displayed positive paces of growth. By contrast, Peru (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest baryte supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Bolivia ($X), with a X% share of total exports.

In Mexico, baryte exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Bolivia (X% per year) and Peru (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2015 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced a decline in the export price figures.

Baryte Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of barytes increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a slight downturn. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, baryte imports skyrocketed to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Argentina was the key importer of barytes in Latin America and the Caribbean, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by Mexico (X tons) and Colombia (X tons), together comprising a X% share of total imports. Ecuador (X tons), Trinidad and Tobago (X tons) and Suriname (X tons) took a relatively small share of total imports.

Imports into Argentina increased at an average annual rate of X% from 2012 to 2022. At the same time, Suriname (X%) displayed positive paces of growth. Moreover, Suriname emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Trinidad and Tobago experienced a relatively flat trend pattern. By contrast, Colombia (X%), Mexico (X%) and Ecuador (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Argentina and Suriname increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) constitutes the largest market for imported barytes in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Argentina amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2015 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Trinidad and Tobago ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Trinidad and Tobago (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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