Overview of the Global Market for Sulphates Of Barium Or Aluminium

Market Size for Sulphates Of Barium Or Aluminium

In 2021, after four years of decline, there was growth in the global barium or aluminium sulphates market, when its value increased by 3.9% to $X. In general, consumption, however, saw a perceptible setback. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the global market failed to regain momentum.

Production of Sulphates Of Barium Or Aluminium

In value terms, barium or aluminium sulphates production rose significantly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2016 when the production volume increased by 18% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, global production growth remained at a somewhat lower figure.

Exports of Sulphates Of Barium Or Aluminium

Exports

In 2021, overseas shipments of sulphates of barium or aluminium decreased by -1.2% to X tons, falling for the second year in a row after three years of growth. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 15%. Over the period under review, the global exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, barium or aluminium sulphates exports surged to $X in 2021. The total export value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 16% against the previous year. Over the period under review, the global exports hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

In 2021, China (X tons) was the key exporter of sulphates of barium or aluminium, committing 33% of total exports. Turkey (X tons) ranks second in terms of the total exports with an 11% share, followed by Sweden (7.5%) and the Netherlands (4.6%). Indonesia (X tons), Spain (X tons), Germany (X tons), Slovenia (X tons), Belarus (X tons), the United States (X tons), Malaysia (X tons), Belgium (X tons) and India (X tons) held a little share of total exports.

Exports from China increased at an average annual rate of +1.1% from 2012 to 2021. At the same time, Turkey (+29.3%), Malaysia (+11.2%), Sweden (+3.2%), Belarus (+3.0%) and India (+2.7%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +29.3% from 2012-2021. The United States, Belgium and Spain experienced a relatively flat trend pattern. By contrast, Slovenia (-1.3%), the Netherlands (-2.4%), Germany (-2.9%) and Indonesia (-2.9%) illustrated a downward trend over the same period. Turkey (+10 p.p.), China (+4.3 p.p.), Sweden (+2.1 p.p.) and Malaysia (+1.5 p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest barium or aluminium sulphates supplier worldwide, comprising 48% of global exports. The second position in the ranking was taken by Turkey ($X), with a 5.3% share of global exports. It was followed by Sweden, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +6.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+27.5% per year) and Sweden (+2.4% per year).

Export Prices by Country

In 2021, the average barium or aluminium sulphates export price amounted to $X per ton, surging by 17% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. As a result, the export price reached 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 the United States (+6.2%), while the other global leaders experienced more modest paces of growth.

Imports of Sulphates Of Barium Or Aluminium

Imports

In 2021, overseas purchases of sulphates of barium or aluminium were finally on the rise to reach X tons after two years of decline. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 7.9% against the previous year. Over the period under review, global imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, barium or aluminium sulphates imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, France (X tons), followed by Austria (X tons), the United States (X tons), India (X tons), the Netherlands (X tons), Singapore (X tons), Italy (X tons), Hong Kong SAR (X tons), Germany (X tons), Morocco (X tons), the UK (X tons), Sweden (X tons) and Japan (X tons) were the key importers of sulphates of barium or aluminium, together mixing up 43% of total imports. Austria (X tons), the United States (X tons), India (X tons), the Netherlands (X tons), Singapore (X tons), Italy (X tons), Hong Kong SAR (X tons), Germany (X tons), Morocco (X tons), the UK (X tons), Sweden (X tons) and Japan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Morocco (with a CAGR of +39.0%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the UK ($X), the United States ($X) and India ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 25% of global imports. Japan, Italy, Germany, France, Austria, the Netherlands, Morocco, Sweden, Hong Kong SAR and Singapore lagged somewhat behind, together accounting for a further 23%.

Morocco, with a CAGR of +25.5%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global 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 2021, picking up by 23% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+15.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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