Sulphates; of Barium Price in Pakistan - 2023

Sulphates; of Barium Price in Pakistan (CIF) - 2022

In 2022, the average sulphates; of barium import price amounted to $2,540 per ton, dropping by -14.2% against the previous year. In general, the import price showed a slight downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 26%. Over the period under review, average import prices attained the maximum at $5,252 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,717 per ton), while the price for Taiwan (Chinese) ($1,174 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.2%), while the prices for the other major suppliers experienced a decline.

Sulphates; of Barium Price in Pakistan (FOB) - 2022

In 2022, the average sulphates; of barium export price amounted to $119 per ton, reducing by -44.2% against the previous year. In general, the export price recorded a sharp decline. The pace of growth was the most pronounced in 2015 an increase of 10% against the previous year. As a result, the export price attained the peak level of $6,122 per ton. From 2016 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to -31.9% per year.

Sulphates; of Barium Imports in Pakistan

In 2022, after three years of growth, there was decline in supplies from abroad of sulphates; of baria, when their volume decreased by -4.3% to 332 tons. In general, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 84%. As a result, imports reached the peak of 347 tons, and then shrank modestly in the following year.

In value terms, sulphates; of barium imports declined notably to $843K in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +11.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 65% against the previous year. As a result, imports reached the peak of $1M, and then contracted significantly in the following year.

Import of Sulphates; of Barium in Pakistan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	458	510	825	646	12.1%
Japan	25.5	5.5	7.4	71.6	41.1%
Italy	42.7	7.3	45.3	32.8	-8.4%
Taiwan (Chinese)	32.3	35.9	40.8	31.7	-0.6%
South Korea	2.4	4.0	9.5	10.6	64.1%
Others	55.1	59.4	99.0	50.8	-2.7%
Total	616	622	1,027	843	11.0%

Top Suppliers of Sulphates; of Barium to Pakistan in 2022:

China (237.8 tons)
Japan (40.4 tons)
Taiwan (Chinese) (27.0 tons)
Italy (12.9 tons)
South Korea (7.5 tons)

Sulphates; of Barium Exports in Pakistan

For the fourth consecutive year, Pakistan recorded growth in overseas shipments of sulphates; of baria, which increased by 70% to 105 tons in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 80% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, sulphates; of barium exports fell to $12K in 2022. The total export value increased at an average annual rate of +5.8% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 12%. As a result, the exports reached the peak of $13K, and then shrank in the following year.