Europe: Baryte Market 2024

Baryte Market Size in Europe

In 2022, the Europe baryte market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption continues to indicate a slight curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Baryte Production in Europe

In value terms, baryte production fell modestly to $X in 2022 estimated in export price. In general, production recorded a slight shrinkage. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Baryte Exports

Exports in Europe

In 2022, overseas shipments of barytes decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then reduced in the following year.

In value terms, baryte exports shrank modestly to $X in 2022. Total exports indicated a buoyant increase 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, exports increased by X% against 2016 indices. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell modestly in the following year.

Exports by Country

The Netherlands represented the major exporter of barytes in Europe, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. Bulgaria (X tons) ranks second in terms of the total exports with a X% share, followed by Spain (X%) and Germany (X%). The UK (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to baryte exports from the Netherlands stood at X%. At the same time, Bulgaria (X%), Germany (X%), the UK (X%) and Spain (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. Bulgaria (X p.p.) and Germany (X p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands and Spain saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest baryte supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the Netherlands totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Spain (X% per year) and Germany (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

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

Baryte Imports

Imports in Europe

In 2022, baryte imports in Europe reduced slightly to X tons, declining by X% on 2021 figures. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, baryte imports amounted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, the Netherlands (X tons) was the main importer of barytes, mixing up X% of total imports. Italy (X tons) ranks second in terms of the total imports with a X% share, followed by Norway (X%), Russia (X%), Germany (X%) and Spain (X%). The UK (X tons) took a little share of total imports.

Imports into the Netherlands increased at an average annual rate of X% from 2012 to 2022. At the same time, Russia (X%), Italy (X%) and Spain (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2022. By contrast, Norway (X%), the UK (X%) and Germany (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.), Russia (X p.p.), Italy (X p.p.) and Spain (X p.p.) significantly strengthened its position in terms of the total imports, while Norway, the UK and Germany saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X), Italy ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Norway, Russia, Spain and the UK lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Russia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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