In 2023, the US imported 2.65 million metric tons of barite. The forecast for 2024 to 2028 shows a steady increase in imports, reaching 2.81 million metric tons by 2028. The year-on-year growth for each year from 2024 to 2028 is around 1.1% to 1.2%. The compound annual growth rate (CAGR) over the forecast five-year period stands at approximately 1.1%. This indicates a modest, yet steady increase in demand for barite in the US.
Future trends to watch for include potential shifts in domestic production capabilities, changes in oil and gas exploration activities which heavily use barite, and any regulatory changes that may affect trade or environmental standards.
