World - Barytes - Market Analysis, Forecast, Size, Trends And Insights
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The article delves into the global barytes market dynamics, highlighting the increasing demand for barytes worldwide and the projected upward consumption trend over the next eight years. Market performance is expected to accelerate with a forecasted CAGR of +3.3% in volume and +5.8% in value from 2022 to 2030. The top consuming and producing countries are analyzed, with insights into consumption per capita, production volumes, imports, and exports. India emerges as the main exporter of barytes, while the United States leads in imports. Detailed statistics, growth rates, and price trends provide valuable insights for market stakeholders and investors.
Market Forecast
Driven by increasing demand for barytes worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +3.3% for the period from 2022 to 2030, which is projected to bring the market volume to 15M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +5.8% for the period from 2022 to 2030, which is projected to bring the market value to $6.3B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Barytes
In 2022, approx. 12M tons of barytes were consumed worldwide; dropping by -6% on 2021 figures. In general, consumption, however, showed a relatively flat trend pattern. Global consumption peaked at 13M tons in 2019; however, from 2020 to 2022, consumption failed to regain momentum.
The global baryte market value shrank remarkably to $4B in 2022, falling by -20.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the global market attained the maximum level at $5.4B in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were Croatia (2.6M tons), the United States (2.2M tons) and China (2M tons), with a combined 57% share of global consumption. Kazakhstan, Iran, Mexico, Ukraine, Russia and Argentina lagged somewhat behind, together accounting for a further 20%.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Argentina (with a CAGR of +28.8%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, Croatia ($1.7B) led the market, alone. The second position in the ranking was held by the United States ($281M). It was followed by China.
From 2012 to 2022, the average annual rate of growth in terms of value in Croatia amounted to +2.2%. In the other countries, the average annual rates were as follows: the United States (-0.3% per year) and China (+4.5% per year).
In 2022, the highest levels of baryte per capita consumption was registered in Croatia (647 kg per person), followed by Kazakhstan (28 kg per person), Ukraine (6.6 kg per person) and the United States (6.5 kg per person), while the world average per capita consumption of baryte was estimated at 1.5 kg per person.
From 2012 to 2022, the average annual rate of growth in terms of the baryte per capita consumption in Croatia totaled +3.3%. In the other countries, the average annual rates were as follows: Kazakhstan (+0.1% per year) and Ukraine (+15.2% per year).
Production
World Production of Barytes
In 2022, production of barytes increased by 0.7% to 13M tons, rising for the second year in a row after two years of decline. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 11% against the previous year. Over the period under review, global production hit record highs in 2022 and is expected to retain growth in the immediate term.
In value terms, baryte production dropped to $5.1B in 2022 estimated in export price. In general, production saw mild growth. The pace of growth was the most pronounced in 2015 when the production volume increased by 83%. Global production peaked at $15.4B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.
Production By Country
The countries with the highest volumes of production in 2022 were China (2.7M tons), Croatia (2.6M tons) and India (2.5M tons), with a combined 59% share of global production. Morocco, Kazakhstan, Iran, Mexico, the United States, Lao People's Democratic Republic, Ukraine and Turkey lagged somewhat behind, together accounting for a further 32%.
From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Lao People's Democratic Republic (with a CAGR of +29.0%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Barytes
In 2022, approx. 4.6M tons of barytes were imported worldwide; increasing by 7.1% on the year before. Over the period under review, imports, however, showed a slight downturn. The pace of growth was the most pronounced in 2017 with an increase of 24%. Global imports peaked at 5.9M tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, baryte imports soared to $743M in 2022. In general, imports, however, showed a noticeable curtailment. Global imports peaked at $976M in 2014; however, from 2015 to 2022, imports remained at a lower figure.
Imports By Country
The United States represented the largest importer of barytes in the world, with the volume of imports recording 1.9M tons, which was near 41% of total imports in 2022. The Netherlands (272K tons) held the second position in the ranking, followed by Argentina (222K tons). All these countries together held approx. 11% share of total imports. Italy (126K tons), the United Arab Emirates (123K tons), Malaysia (111K tons), Thailand (111K tons), Canada (110K tons), Kuwait (108K tons), Oman (101K tons), Norway (101K tons), Russia (97K tons) and Indonesia (90K tons) followed a long way behind the leaders.
Imports into the United States increased at an average annual rate of +1.9% from 2012 to 2022. At the same time, Argentina (+37.9%), Canada (+27.2%), Russia (+12.0%), Italy (+6.1%), Oman (+5.0%) and the Netherlands (+4.9%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in the world, with a CAGR of +37.9% from 2012-2022. Kuwait and Thailand experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-1.2%), Norway (-2.1%), Malaysia (-2.2%) and Indonesia (-6.8%) illustrated a downward trend over the same period. The United States (+10 p.p.), Argentina (+4.7 p.p.), the Netherlands (+2.6 p.p.), Canada (+2.2 p.p.) and Russia (+1.5 p.p.) significantly strengthened its position in terms of the global imports, while Indonesia saw its share reduced by -1.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($214M) constitutes the largest market for imported barytes worldwide, comprising 29% of global imports. The second position in the ranking was held by the Netherlands ($63M), with an 8.4% share of global imports. It was followed by Argentina, with a 4.9% share.
In the United States, baryte imports decreased by an average annual rate of -1.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (+8.3% per year) and Argentina (+32.4% per year).
Import Prices By Country
In 2022, the average baryte import price amounted to $162 per ton, with an increase of 9.2% against the previous year. In general, the import price, however, saw a slight decrease. The most prominent rate of growth was recorded in 2014 when the average import price increased by 23%. As a result, import price reached the peak level of $228 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Italy ($284 per ton), while Thailand ($60 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.2%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Barytes
In 2022, shipments abroad of barytes increased by 25% to 5.9M tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, recorded a mild slump. The growth pace was the most rapid in 2017 with an increase of 68% against the previous year. The global exports peaked at 6.6M tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.
In value terms, baryte exports soared to $787M in 2022. Overall, exports, however, continue to indicate a slight setback. The most prominent rate of growth was recorded in 2021 when exports increased by 28% against the previous year. The global exports peaked at $978M in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.
Exports By Country
In 2022, India (2.5M tons) represented the main exporter of barytes, making up 43% of total exports. It was distantly followed by Morocco (1,177K tons) and China (733K tons), together constituting a 33% share of total exports. Turkey (252K tons), the Netherlands (208K tons), Kazakhstan (195K tons), Lao People's Democratic Republic (195K tons) and the United States (93K tons) followed a long way behind the leaders.
Exports from India increased at an average annual rate of +5.6% from 2012 to 2022. At the same time, Lao People's Democratic Republic (+49.6%), the Netherlands (+8.4%), Turkey (+4.8%), Kazakhstan (+3.8%) and Morocco (+1.6%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in the world, with a CAGR of +49.6% from 2012-2022. By contrast, the United States (-7.7%) and China (-13.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India, Morocco, Lao People's Democratic Republic, the Netherlands and Turkey increased by +20, +4.8, +3.3, +2.1 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, India ($211M), China ($133M) and Morocco ($116M) constituted the countries with the highest levels of exports in 2022, with a combined 58% share of global exports. The Netherlands, Turkey, Kazakhstan, the United States and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further 23%.
Lao People's Democratic Republic, with a CAGR of +34.7%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average baryte export price stood at $134 per ton in 2022, with an increase of 1.5% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 11%. The global export price peaked at $177 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($278 per ton), while India ($85 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.3%), while the other global leaders experienced mixed trends in the export price figures.
This report provides an in-depth analysis of the global baryte market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- UNCode 16190-2 - Barytes, whether or not calcined
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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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...
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...
China dominates in the global baryte trade. In 2014, China exported X thousand tons of barytes totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total baryte exports in va
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