Australia and Oceania: 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 Australia and Oceania

The market for alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury in Australia and Oceania skyrocketed to $X in 2023, jumping by X% against the previous year. In general, consumption recorded a perceptible setback. As a result, consumption reached the peak level of $X. From 2019 to 2023, the growth of the market remained at a lower figure.

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

In value terms, alkali and rare earth metals production fell markedly to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate tangible growth. The growth pace was the most rapid in 2019 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2023, production remained at a lower figure.

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

Exports in Australia and Oceania

In 2023, shipments abroad of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury decreased by X% to X tons, falling for the second consecutive year after three years of growth. In general, exports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, alkali and rare earth metals exports reduced rapidly to $X in 2023. Overall, exports faced a deep setback. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury, namely Australia, represented more than two-thirds of total export.

Australia was also the fastest-growing in terms of the alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury exports, with a CAGR of X% from 2012 to 2023. Australia (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, Australia ($X) also remains the largest alkali and rare earth metals supplier in Australia and Oceania.

From 2012 to 2023, the average annual rate of growth in terms of value in Australia amounted to X%.

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per ton, declining by X% against the previous year. Overall, the export price, however, continues to indicate a strong increase. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2023, the rate of growth in terms of prices for Australia amounted to X% per year.

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

Imports in Australia and Oceania

In 2023, alkali and rare earth metals imports in Australia and Oceania fell remarkably to X tons, waning by X% compared with 2022 figures. Overall, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2023, the growth of imports failed to regain momentum.

In value terms, alkali and rare earth metals imports rose to $X in 2023. In general, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Australia (X tons) represented the major importer of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury, generating X% of total imports. It was distantly followed by Samoa (X tons), Papua New Guinea (X tons) and Fiji (X tons), together creating a X% share of total imports. New Zealand (X tons), Solomon Islands (X tons) and New Caledonia (X tons) followed a long way behind the leaders.

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

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

From 2012 to 2023, the average annual growth rate of value in Australia totaled X%. In the other countries, the average annual rates were as follows: Papua New Guinea (X% per year) and Samoa (X% per year).

Import Prices by Country

In 2023, the import price in Australia and Oceania amounted to $X per ton, increasing by X% against the previous year. Overall, the import price saw modest growth. The pace of growth appeared the most rapid in 2015 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in the immediate term.

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 Australia ($X per ton), while Samoa ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform