Barium Nitrate Price Trend and Forecast

Barium Nitrate Regional Price Overview

Get the latest insights on price movement and trend analysis of Barium Nitrate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Barium Nitrate Price Trend for the Second Half of 2023

Barium nitrate is predominantly utilized in the pyrotechnics industry to produce green-colored fireworks. Barium nitrate's ability to oxidize and produce vibrant green flames makes it a popular choice in firework formulations. Additionally, it serves as an oxidizer in the manufacture of various types of explosives and fireworks. In the electronics industry, barium nitrate finds application in the production of ceramic capacitors due to its dielectric properties, contributing to the functionality of electronic devices.
 

Barium Nitrate Price Chart

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The extensive usage of barium nitrate in firecrackers and explosives is the major driver of its price trend. In India, in order to curb the rising pollution figures and growing concerns about the toxicity of barium, the Supreme Court announced a ban on the usage of this compound.

This caused a striking decline in the procurement rates of barium nitrate by the downstream industries, and eventually, its price trend also took on a downward journey in the last two quarters of 2023. Further, the additional challenges of obtaining barium and stricter environmental regulations on mining activities, not only in Asian countries but around the globe, also constricted the supply chains, which eventually degraded the overall sentiments and momentum of the barium nitrate market as well as its price trend.

Analyst Insight

According to Procurement Resource, the price trend of Barium Nitrate is expected to decline in the forthcoming quarters as the rising environmental concerns and low production will hamper the growth trajectory of barium nitrate price trend.
 

Barium Nitrate Price Trend for the First Half of 2023

The Barium Nitrate market continued its dull run in 2023 as well. Market sentiments were low, and the price trend for Barium Nitrate were almost stagnant with low swinging patterns.

The primary reasons behind poor market performance were dull downstream demands and high inventory volumes. Market demands from downstream chemical, and propellent industries were bearish and could easily be catered by the existing stocks. Also, the reduced feedstock Barium Carbonate and Nitric Acid prices further added to the dull market behavior.

The economic recession faced by international economies resulted in a severe cost of living crisis in several countries, which significantly altered consumer buying behavior and made it more essentials centric. So, the market offtakes for Barium Nitrate and associated products plunged and could not recover for a long time.

Analyst insight

According to Procurement Resource, the Barium Nitrate prices are expected to continue similar sullen market trend, as the supply stocks are still overflowing, and market demands are not expected to pick up any time soon.

Procurement Resource provides latest prices of Barium Nitrate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.