Asia: Market for Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury 2024

Market Size for Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury in Asia

In 2023, after two years of growth, there was significant decline in the Asian market for alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury, when its value decreased by X% to $X. The total consumption indicated mild growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X, and then declined in the following year.

Production of Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury in Asia

In value terms, alkali and rare earth metals production amounted to $X in 2023 estimated in export price. In general, production continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Exports of Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury

Exports in Asia

In 2023, shipments abroad of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, exports showed a pronounced slump. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, alkali and rare earth metals exports dropped sharply to $X in 2023. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then declined dramatically in the following year.

Exports by Country

China prevails in exports structure, reaching X tons, which was near X% of total exports in 2023. It was distantly followed by Vietnam (X tons), creating an X% share of total exports. The following exporters - Bahrain (X tons), South Korea (X tons) and Thailand (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to alkali and rare earth metals exports from China stood at X%. At the same time, Bahrain (X%), South Korea (X%), Thailand (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. China (X p.p.), Vietnam (X p.p.), Bahrain (X p.p.), South Korea (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest alkali and rare earth metals supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

In China, alkali and rare earth metals exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, waning by X% against the previous year. Export price indicated a strong increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, alkali and rare earth metals export price increased by X% against 2020 indices. The growth pace was the most rapid in 2022 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then dropped modestly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Imports of Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury

Imports in Asia

In 2023, purchases abroad of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Total imports indicated strong growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2022, and then contracted in the following year.

In value terms, alkali and rare earth metals imports shrank sharply to $X in 2023. Overall, imports, however, continue to indicate temperate growth. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then declined significantly in the following year.

Imports by Country

Malaysia was the key importing country with an import of around X tons, which accounted for X% of total imports. India (X tons) held the second position in the ranking, distantly followed by Japan (X tons) and Vietnam (X tons). All these countries together held approx. X% share of total imports. Turkey (X tons), South Korea (X tons) and Lao People's Democratic Republic (X tons) held a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Lao People's Democratic Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury in Asia, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with an X% share of total imports. It was followed by India, with a X% share.

In Japan, alkali and rare earth metals imports remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and India (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the import price recorded a noticeable decline. The pace of growth was the most pronounced in 2022 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform