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
The Barite market in the last quarter of 2023 was driven by a wide range of variables in various parts of the world, indicating a complicated interaction between supply and demand dynamics. Prices for barite fluctuated in North America, first falling as a result of a slowdown in building and then falling demand from the glass industry, which was made worse by economic uncertainty. But as the quarter went on, prices rose due to a combination of restricted imports, increased demand from the paint, coating, and fertilizer sectors, and limited supply. Although there was a brief period of hope for increasing consumption in Spain, the European market saw similar instability, with decreased demand across local and foreign downstream industries forcing prices downward. Conversely, the Asia-Pacific area, especially India, had a decrease in pricing as a result of muted demand in a number of industries; nevertheless, technological developments in the extraction processes and increased construction activity in certain regions provided a counterweight. Barite prices fluctuated in the Middle East, particularly in the UAE. They first rose as a result of a decrease in local supply before falling as a result of a decline in worldwide demand and logistical difficulties.
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, a mix of logistical, industry-specific, and economic variables had a major impact on the Barite market in different regions. Seasonal slowdowns in the construction industry and persistent interruptions in important transport routes like the Panama Canal and the Red Sea caused a softening of the demand for barite in North America. These disruptions, which were ascribed to geopolitical and environmental events like rebel attacks and drought, affected not only the price and logistics of barite but also its availability on the international market. Industry participants continued to display cautious purchasing habits as a result of the ongoing economic volatility. Prices were rather stable due to the continued demand from the paint, coating, and glass manufacturing industries, highlighting the variety of uses for barite and the fluctuations in demand for it.
The Asia-Pacific region, centered on India, experienced sustained downward pressure on barite prices as a result of decreased demand compounded by unfavorable weather that hindered building and manufacturing operations. Technological developments that enhanced extraction methods raised domestic production and stocks, which added to the excess supply in the face of diminishing global demand. The level of competitiveness increased, particularly in light of the excess supply and fierce rivalry in international markets. Parallel to this, Europe and the Middle East had comparable difficulties due to decreased demand in important industries, disruptions in logistics, and unpredictability in the economy. Due to logistical issues and economic uncertainty, market pessimism in Europe eclipsed expectations of higher consumption as a result of decarbonization promises.In the face of unstable market conditions, domestic mills in the Middle East adopted a cautious strategy, and near the end of the quarter, prices were stabilized by the stagnant demand from the paint, coating, and glass manufacturing industries.
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 Index
- 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
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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