Eastern Europe: Baryte Market 2024

Baryte Market Size in Eastern Europe

The East European baryte market was estimated at $X in 2022, with an increase of X% against the previous year. The total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Baryte Production in Eastern Europe

In value terms, baryte production expanded rapidly to $X in 2022 estimated in export price. The total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Baryte Exports

Exports in Eastern Europe

Baryte exports dropped to X tons in 2022, waning by X% compared with 2021. Overall, exports, however, showed significant growth. The growth pace was the most rapid in 2013 with an increase of X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, baryte exports skyrocketed to $X in 2022. In general, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of barytes, namely Bulgaria, represented more than two-thirds of total export.

Bulgaria was also the fastest-growing in terms of the barytes exports, with a CAGR of X% from 2012 to 2022. Bulgaria (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bulgaria ($X) also remains the largest baryte supplier in Eastern Europe.

In Bulgaria, baryte exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a deep contraction. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Bulgaria.

From 2012 to 2022, the rate of growth in terms of prices for Bulgaria amounted to X% per year.

Baryte Imports

Imports in Eastern Europe

In 2022, imports of barytes in Eastern Europe declined to X tons, remaining stable against the previous year's figure. In general, imports, however, continue to indicate a perceptible increase. The pace of growth was the most pronounced in 2017 when imports increased by X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, baryte imports surged to $X in 2022. Total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia prevails in imports structure, reaching X tons, which was approx. X% of total imports in 2022. Poland (X tons) took the second position in the ranking, followed by Romania (X tons), Ukraine (X tons) and the Czech Republic (X tons). All these countries together took near X% share of total imports. Belarus (X tons) took a minor share of total imports.

Russia was also the fastest-growing in terms of the barytes imports, with a CAGR of X% from 2012 to 2022. The Czech Republic and Belarus experienced a relatively flat trend pattern. Poland (X%), Romania (X%) and Ukraine (X%) illustrated a downward trend over the same period. Russia (X p.p.) significantly strengthened its position in terms of the total imports, while the Czech Republic, Romania, Poland and Ukraine saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported barytes in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with an X% share of total imports. It was followed by the Czech Republic, with a X% share.

In Russia, baryte imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Poland (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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