Barite Price in India
- India: 119 USD/MT [Powder SG 4.2 (Grey)]
During the fourth quarter of 2023, India's Barite market experienced price cuts as demand weakened within the paint, coating, and paper industries, amidst economic uncertainties and advancements in production technology.
The latest report by IMARC, titled "Barite Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of barite prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Barite Prices December 2023:
- India: 119 USD/MT [Powder SG 4.2 (Grey)]
- UAE: 159 USD/MT [Powder SG 4.2 (Grey)]
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The study delves into the factors affecting barite price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Barite Price Trend- Q4 2023
In the final quarter of 2023, the Barite market was influenced by a myriad of factors across different global regions, reflecting a complex interplay of supply and demand dynamics. North America saw a fluctuation in Barite prices, initially declining due to a slowdown in construction and subsequent reduced demand from the glass industry, exacerbated by economic uncertainties. However, as the quarter progressed, limited supply coupled with increased demand from the paint, coating, and fertilizer sectors—spurred by restricted imports and logistical disruptions—saw prices recover. The European market experienced similar volatility, with diminished demand across domestic and international downstream industries pressuring prices downwards, despite a brief optimism for increased consumption in Spain. In contrast, the Asia-Pacific region, particularly India, faced a decline in prices due to subdued demand across several sectors, though technological advancements in extraction processes and boosted construction activities in some areas offered a counterbalance. The Middle East, notably the UAE, saw Barite prices fluctuate, initially rising due to reduced local supply before declining in the face of diminished global demand and logistic challenges.
Barite Market Analysis
The global barite market size reached US$ 1.9 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 2.7 Billion, at a projected CAGR of 3.80% during 2023-2032. By December 2023, the Barite market across various regions was significantly influenced by a combination of economic, logistical, and sector-specific factors. In North America, the demand for Barite softened due to seasonal slowdowns in the construction sector and ongoing disruptions in major trade routes like the Panama Canal and the Red Sea. These disruptions, attributed to natural and geopolitical disturbances such as drought and rebel attacks, not only impacted the logistics and cost of Barite but also its availability on the global stage. Economic instability remained a pervasive concern, prompting cautious buying behaviors among industry players. The sustained demand from the paint, coating, and glass manufacturing sectors provided a semblance of stability in prices, underscoring the diverse applications of Barite and their varying demand cycles.
The Asia-Pacific region, with India as a focal point, witnessed continued pressure on Barite prices due to reduced demand exacerbated by adverse weather conditions affecting construction and manufacturing activities. Technological advancements that improved extraction processes led to increased domestic production and inventories, contributing to a surplus supply amid declining global demand. The competitive landscape intensified, especially with the presence of surplus supply and aggressive competition in overseas markets. Meanwhile, Europe and the Middle East grappled with similar challenges—declining demand across key industries, logistical disruptions, and economic uncertainties. In Europe, the anticipation of increased consumption due to commitments to decarbonization was overshadowed by market pessimism, driven by economic uncertainties and logistical challenges. The Middle East saw a cautious approach from domestic mills amidst uncertain market conditions, with static demand from the paint, coating, and glass manufacturing sectors helping to stabilize prices towards the end of the quarter.
Browse Full Report: https://www.imarcgroup.com/barite-pricing-report
Key Points Covered in the Barite Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Barite Prices
- Barite Price Chart
- Barite Demand Supply
- Barite Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Barite Price Analysis
- Barite Industry Drivers, Restraints, and Opportunities
- Barite News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Browse More Pricing Reports By IMARC Group:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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