Price for Barium Sulphate (Barytes); Natural in South Korea - 2022
Contents:
- Price for Barium Sulphate (Barytes); Natural in South Korea (CIF) - 2022
- Price for Barium Sulphate (Barytes); Natural in South Korea (FOB) - 2022
- Imports of Barium Sulphate (Barytes); Natural in South Korea
- Exports of Barium Sulphate (Barytes); Natural in South Korea
Price for Barium Sulphate (Barytes); Natural in South Korea (CIF) - 2022
The average barium sulphate (barytes); natural import price stood at $254 per ton in 2022, jumping by 28% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +3.3% per year.
Price for Barium Sulphate (Barytes); Natural in South Korea (FOB) - 2022
The average barium sulphate (barytes); natural export price stood at $601 per ton in 2022, with an increase of 2.8% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 31% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Turkey ($768 per ton) and China ($716 per ton), while the average price for exports to Vietnam ($530 per ton) and Indonesia ($565 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Barium Sulphate (Barytes); Natural in South Korea
In 2022, overseas purchases of barium sulphate (barytes); naturals decreased by -5.8% to 41K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +5.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 24%. As a result, imports attained the peak of 44K tons, and then fell in the following year.
In value terms, barium sulphate (barytes); natural imports surged to $11M in 2022. The total import value increased at an average annual rate of +11.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Barium Sulphate (Barytes); Natural in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.4 | 7.2 | 8.2 | 10.3 | 11.7% |
| Others | 0.2 | 0.3 | 0.5 | 0.2 | 0.0% |
| Total | 7.7 | 7.5 | 8.7 | 10.5 | 10.9% |
Top Suppliers of Barium Sulphate (Barytes); Natural to South Korea in 2022:
- China (40.8K tons)
Exports of Barium Sulphate (Barytes); Natural in South Korea
In 2022, shipments abroad of barium sulphate (barytes); naturals increased by 10% to 612 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a pronounced reduction.
In value terms, barium sulphate (barytes); natural exports expanded significantly to $368K in 2022. The total export value increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Barium Sulphate (Barytes); Natural in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 79.2 | 73.6 | 93.1 | 119 | 14.5% |
| Vietnam | 139 | 142 | 130 | 112 | -6.9% |
| Saudi Arabia | 30.3 | N/A | 25.4 | 63.4 | 27.9% |
| China | 35.0 | 88.9 | 58.9 | 34.2 | -0.8% |
| Turkey | 26.8 | 15.7 | 7.1 | 29.9 | 3.7% |
| Indonesia | 9.3 | 12.5 | 3.9 | 3.4 | -28.5% |
| Others | 1.5 | 5.2 | 5.8 | 6.1 | 59.6% |
| Total | 321 | 338 | 324 | 368 | 4.7% |
Top Export Markets for Barium Sulphate (Barytes); Natural from South Korea in 2022:
- Vietnam (211.7 tons)
- Japan (200.0 tons)
- Saudi Arabia (100.0 tons)
- China (47.8 tons)
- Turkey (39.0 tons)
- Indonesia (6.0 tons)
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