Price for Barium Sulphate (Barytes); Natural in Mexico - 2023
Contents:
- Price for Barium Sulphate (Barytes); Natural in Mexico (FOB) - 2022
- Price for Barium Sulphate (Barytes); Natural in Mexico (CIF) - 2023
- Exports of Barium Sulphate (Barytes); Natural in Mexico
- Imports of Barium Sulphate (Barytes); Natural in Mexico
Price for Barium Sulphate (Barytes); Natural in Mexico (FOB) - 2022
The average barium sulphate (barytes); natural export price stood at $128 per ton in 2022, picking up by 23% against the previous year. Overall, the export price recorded perceptible growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to +14.9% per year.
Price for Barium Sulphate (Barytes); Natural in Mexico (CIF) - 2023
In June 2023, the average barium sulphate (barytes); natural import price amounted to $586 per ton, with an increase of 1.6% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 an increase of 5.9% against the previous month. As a result, import price reached the peak level of $634 per ton. From November 2022 to June 2023, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was China ($794 per ton), while the price for the United States stood at $547 per ton.
From July 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (-0.2%).
Exports of Barium Sulphate (Barytes); Natural in Mexico
In 2022, barium sulphate (barytes); natural exports from Mexico shrank markedly to 84K tons, with a decrease of -54% on 2021. Overall, exports saw a precipitous decline.
In value terms, barium sulphate (barytes); natural exports declined dramatically to $11M in 2022. In general, exports saw a sharp slump.
Export of Barium Sulphate (Barytes); Natural in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
United States | 19.1 | 10.8 | -43.5% | ||
Others | N/A | N/A | 0% | ||
Total | 19.1 | 10.8 | -43.5% |
Top Export Markets for Barium Sulphate (Barytes); Natural from Mexico in 2022:
- United States (84.2K tons)
Imports of Barium Sulphate (Barytes); Natural in Mexico
Barium sulphate (barytes); natural imports into Mexico soared to 65K tons in 2022, rising by 1,618% against the year before. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, barium sulphate (barytes); natural imports skyrocketed to $11M in 2022. Overall, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Barium Sulphate (Barytes); Natural in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
Morocco | N/A | N/A | 7.4 | 0% | |
United States | N/A | 1.7 | 2.8 | 64.7% | |
Spain | 0.6 | N/A | N/A | 0% | |
Others | 0.3 | 0.3 | 0.5 | 29.1% | |
Total | 0.9 | 2.1 | 10.6 | 243.2% |
Top Suppliers of Barium Sulphate (Barytes); Natural to Mexico in 2022:
- Spain (undefinedK tons)
- Morocco (59.5K tons)
- United States (4.9K tons)
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The most significant growth rate was observed in August 2023 with a 145% increase in imports compared to the previous month. In terms of value, saccharin imports reached an astonishing $262K in October 2023.
In 2020, the global baryte market fell by 15%, hampered by a severe decline seen in the oil industry, which currently consumes 80% of the total baryte output. India remained the only country to maintain 2019 production figures. While the oil industry is set to operate at minimum production levels in the medium term, alternative chemical, coating, and construction baryte applications may emerge as market drivers.
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In 2020, the global baryte market fell by 15%, hampered by a severe decline seen in the oil industry, which currently consumes 80% of the total baryte output. India remained the only country to maintain 2019 production figures. While the oil industry is set to operate at minimum production levels in the medium term, alternative chemical, coating, and construction baryte applications may emerge as market drivers.
In 2016, approx. X tons of baryte were imported worldwide- lowering by -X% against the previous year figure. In general, baryte imports continue to indicate a moderate reduction. The most prom...