Barytes market in Eastern Europe (including Northern Asia)

Earlier Report Observations

The market volume for natural barium sulphate in Eastern Europe fluctuated significantly between 2018 and 2022, driven largely by external trade pressures and shifts in global demand. Western sanctions and geopolitical risks began impacting import and export flows in 2019, contributing to a market decline to 334.8 thousand tonnes. A recovery to 398.8 thousand tonnes occurred in 2020, supported by a substantial increase in worldwide sales volumes recorded in the fourth quarter of that year.

Currency fluctuations and ongoing sanction regimes further constrained trade in 2021, reducing the market volume to 314.7 thousand tonnes. By 2022, the market adapted as these same sanctions stimulated greater domestic production, helping volume rebound to 373.1 thousand tonnes. Factors for 2023 indicated a continuation of this trend, with reported growth in internal output linked to robust local demand from the oil and gas industry and persistent limitations on imports.

Production barytes in Eastern Europe (including Northern Asia)

In kind, 2017-2020, K t

Top producers of barytes, 2017-2020

World map of production of barytes, 2017-2020

Barytes production in Eastern Europe (including Northern Asia) increased in 2020, following a two-year decline. The region produced 328.0 K t of barytes that year, marking a modest 7.3% increase compared to 2019. Over the 2017-2020 period, production decreased by 8.5%, with a compound annual growth rate (CAGR) of -2.9%. The lowest production level was recorded in 2019 at 305.8 K t, which also saw the largest decline of 12.3%.

Annual dynamics of production in Eastern Europe (including Northern Asia) in kind, 2017-2020, K t

In value, 2017-2020, K $ US

In 2020, the value of barytes output in Eastern Europe (including Northern Asia) reached 71 360 K $ US, showing a strong 16.2% increase over the previous year. The minimum value was recorded in 2019 at 61 396 K $ US, while the maximum occurred in 2018 at 78 458 K $ US. The largest decline in value was in 2019, with a drop of 21.7%.

Annual dynamics of production in Eastern Europe (including Northern Asia) in value, 2017-2020, K $ US

Exports barytes from Eastern Europe (including Northern Asia)

Exports in kind, K t

Barytes exports from Eastern Europe (including Northern Asia) declined in 2020, ending a two-year period of growth. The region exported 35.8 K t of barytes that year, reflecting a sharp 49.2% decrease compared to 2019. Between 2017 and 2020, exports fell by 41.4%, equivalent to an annualized decline of 16.3%. The highest export volume was recorded in 2019 at 70.4 K t, which also saw the largest increase of 14.8%.

Annual dynamics of product's exports from Eastern Europe (including Northern Asia) in kind, 2017-2020, K t

From 2017 to 2020, barytes exports in kind from Eastern Europe (including Northern Asia) were distributed across a wide range of partner countries. The Netherlands accounted for 39.2% of exports, Israel for 1.5%, and Germany for 1.3%. Together, these three countries represented just 42.0% of total export flows, indicating a diversified export structure.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Eastern Europe (including Northern Asia) in kind, 2017-2020

Exports in value, K $ US

Cross-border shipments of barytes from Eastern Europe (including Northern Asia) declined in 2020, following a two-year advance. The region exported 7 784 K $ US worth of barytes that year, representing a sharp 44.9% decrease from 2019. Over the 2017-2020 period, exports decreased by 36.8%, with a compound annual growth rate (CAGR) of -14.2%. The maximum value was recorded in 2019 at 14 138 K $ US, while the largest increase occurred in 2018 at 12.2%.

Annual dynamics of product's exports from Eastern Europe (including Northern Asia) in value, 2017-2020, K $ US

Between 2017 and 2020, the partner portfolio for barytes exports in value terms from Eastern Europe (including Northern Asia) was quite broad. The Netherlands accounted for 34.3% of exports, Greece for 1.4%, and Germany for 1.3%. Together, these three countries represented only 37.0% of total export flows, highlighting a diversified export market.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Eastern Europe (including Northern Asia) in value, 2017-2020

Imports barytes to Eastern Europe (including Northern Asia)

Imports in kind, K t

In 2020, barytes imports into Eastern Europe (including Northern Asia) amounted to 106.5 K t, representing a 7.1% increase compared to 2019. Over the 2017-2020 period, imports grew by 23.6%, with a compound annual growth rate (CAGR) of 7.3%. The maximum import volume was recorded in 2018 at 119.1 K t. The largest decline occurred in 2019 with a drop of 16.5%, while the largest increase was in 2018 at 38.2%.

Annual dynamics of product's imports to Eastern Europe (including Northern Asia) in kind, 2017-2020, K t

From 2017 to 2020, Kazakhstan, Turkey, and China were the key sources for barytes imports in kind into Eastern Europe (including Northern Asia). Kazakhstan accounted for 37.9% of imports, Turkey for 16.7%, and China for 6.8%. Together, these three countries represented 61.4% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Eastern Europe (including Northern Asia) in kind, 2017-2020

Imports in value, K $ US

Barytes imports into Eastern Europe (including Northern Asia) declined for the second consecutive year in 2020. The region imported a total of {value_last_year} K $ US worth of barytes that year, which is 3.0% lower than in 2019. Between 2017 and 2020, imports decreased by 2.6%, equivalent to an annualized decline of 0.9%. The maximum value was recorded in 2018 at 26 619 K $ US. The largest decline occurred in 2019 with a drop of 13.4%, while the largest increase was in 2018 at 15.9%.

Annual dynamics of product's imports to Eastern Europe (including Northern Asia) in value, 2017-2020, K $ US

Between 2017 and 2020, Turkey, Kazakhstan, and China were among the largest suppliers of barytes to Eastern Europe (including Northern Asia) in value terms. Turkey accounted for 17.4% of imports, Kazakhstan for 16.8%, and China for 11.0%. Together, these three countries represented just 45.3% of total imports, indicating a broadly diversified partner base.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Eastern Europe (including Northern Asia) in value, 2017-2020