Barytes market in Southern Asia

Earlier Report Observations

The barytes market in Southern Asia opened the period at 2.5 million tons in 2018, a level supported by robust demand from the paint and coating industry as well as construction activity within the Asia-Pacific region. This high volume was followed by a contraction to 2.1 million tons in 2019 and a sharper decline to 1.7 million tons in 2020. The significant drop in 2020 was directly linked to the COVID-19 pandemic, which disrupted chemical industry operations and supply chains, and included regulatory restrictions affecting the oil well-drilling fluid market, a key consumer of barytes.

After the 2020 downturn, the market volume stabilized at approximately 1.7 million tons in 2021 and experienced a slight further reduction to 1.7 million tons in 2022. During these years, the market was influenced by broader global trends, including technological advancements and new product launches in the barium sulphate sector. These innovations, alongside sustained industrial demand from coatings, rubber, and plastics, helped mitigate a steeper decline, leading to a period of consolidation following the initial pandemic shock.

Production barytes in Southern Asia

In kind, 2017-2020, K t

Top producers of barytes, 2017-2020

World map of production of barytes, 2017-2020

Southern Asia's barytes production declined for the second consecutive year. In 2020, the region produced 1 844 K t of barytes, representing a 20.4% decrease compared to the previous year. Production fell by 22.2% between 2017 and 2020, which translates to an annualized decline rate of 8.0%. The highest production volume was recorded in 2018 at 2 681 K t, with the largest year-on-year increase of 13.1% also occurring that year.

Annual dynamics of production in Southern Asia in kind, 2017-2020, K t

In value, 2017-2020, M $ US

Southern Asia's barytes production value declined for the third consecutive year. In 2020, barytes output was valued at 127.4 M $ US, showing a sharp contraction of 40.8% compared to 2019. Over the period from 2017 to 2020, production value decreased by 48.6%, with a compound annual growth rate (CAGR) of -19.9%.

Annual dynamics of production in Southern Asia in value, 2017-2020, M $ US

Exports barytes from Southern Asia

Exports in kind, K t

Barytes exports from Southern Asia declined for the second consecutive year. In 2020, exports totaled 145.4 K t, marking a substantial drop of 20.5% from the previous year. Between 2017 and 2020, exports decreased by 14.1%, with a CAGR of -4.9%. The peak export volume was recorded in 2018 at 188.7 K t, which also saw the largest year-on-year increase of 11.5%.

Annual dynamics of product's exports from Southern Asia in kind, 2017-2020, K t

From 2017 to 2020, Iraq, the United Arab Emirates, and Oman were the leading destinations for Southern Asia's barytes exports in volume terms. Iraq accounted for 53.1% of exports, followed by the United Arab Emirates at 16.2% and Oman at 9.5%. Together, these three countries represented 78.8% of total export flows.

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

World map of product's exports from Southern Asia in kind, 2017-2020

Exports in value, K $ US

Southern Asia's barytes export value declined for the third consecutive year. In 2020, exports were valued at 10 045 K $ US, reflecting an abrupt decrease of 40.8% compared to the previous year. Over the period from 2017 to 2020, export value fell by 43.2%, with a CAGR of -17.2%.

Annual dynamics of product's exports from Southern Asia in value, 2017-2020, K $ US

Between 2017 and 2020, Iraq, the United Arab Emirates, and Oman were the main destinations for Southern Asia's barytes exports in value terms. Iraq held a 54.6% share, the United Arab Emirates accounted for 15.6%, and Oman represented 9.8%. Collectively, these three countries made up 80.0% of total export value.

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

World map of product's exports from Southern Asia in value, 2017-2020

Imports barytes to Southern Asia

Imports in kind, K t

Import volumes showed significant volatility during this period. The highest import volume was recorded in 2018 at 15.7 K t, while the lowest was in 2020 at 4.0 K t, representing a 3.9-fold difference. In 2020, imports remained relatively stable with no significant change compared to 2019. The largest decline occurred in 2019, falling by 74.3%, while the largest increase was in 2018, rising by 116.9%.

Annual dynamics of product's imports to Southern Asia in kind, 2017-2020, K t

From 2017 to 2020, China dominated Southern Asia's barytes imports in volume terms, accounting for 71.6% of total flows. Other markets had comparatively modest shares during this period.

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

World map of product's imports to Southern Asia in kind, 2017-2020

Imports in value, K $ US

Import values exhibited irregular changes, indicating a volatile market environment. The peak value was recorded in 2018 at 4 187 K $ US, while the lowest was in 2019 at 1 098 K $ US, a difference of 3.8 times. In 2020, imports rose to 1 730 K $ US, marking a 57.5% increase compared to the previous year. The largest decline occurred in 2019, dropping by 73.8%, while the largest increase was in 2018, rising by 74.0%.

Annual dynamics of product's imports to Southern Asia in value, 2017-2020, K $ US

Between 2017 and 2020, China remained the primary source for Southern Asia's barytes imports in value terms, capturing 76.8% of total imports. The remaining volume was distributed among other countries.

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

World map of product's imports to Southern Asia in value, 2017-2020