Global Beryllium Market to See Moderate Growth with 0.7% CAGR over the Next Six Years

IndexBox has just published a new report: World - Unwrougt and Powder Beryllium - Market Analysis, Forecast, Size, Trends And Insights.

Driven by rising demand for beryllium worldwide, the market is projected to see a slight increase in performance with an anticipated CAGR of +0.7% in volume and +4.3% in value from 2024 to 2030. This growth is expected to bring the market volume to 5.7K tons and market value to $387M by the end of 2030.

Market Forecast

Driven by rising demand for beryllium worldwide, the market is expected to start an upward consumption trend over the next six-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.7% for the period from 2024 to 2030, which is projected to bring the market volume to 5.7K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.3% for the period from 2024 to 2030, which is projected to bring the market value to $387M (in nominal wholesale prices) by the end of 2030.

Consumption

World Consumption of Unwrougt and Powder Beryllium

In 2024, global consumption of unwrougt and powder beryllium stood at 5.5K tons, rising by 6% on the year before. In general, consumption, however, continues to indicate a perceptible descent. As a result, consumption reached the peak volume of 8.8K tons. From 2015 to 2024, the growth of the global consumption remained at a lower figure.

The global beryllium market revenue totaled $301M in 2024, growing by 1.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a perceptible slump. As a result, consumption reached the peak level of $449M. From 2015 to 2024, the growth of the global market failed to regain momentum.

Consumption By Country

The country with the largest volume of beryllium consumption was the United States (3.2K tons), accounting for 58% of total volume. Moreover, beryllium consumption in the United States exceeded the figures recorded by the second-largest consumer, China (1.3K tons), twofold. Spain (285 tons) ranked third in terms of total consumption with a 5.2% share.

From 2013 to 2024, the average annual rate of growth in terms of volume in the United States amounted to -5.4%. The remaining consuming countries recorded the following average annual rates of consumption growth: China (+1.5% per year) and Spain (+46.2% per year).

In value terms, the United States ($135M), China ($122M) and Mozambique ($5.9M) constituted the countries with the highest levels of market value in 2024, with a combined 88% share of the global market.

In terms of the main consuming countries, Mozambique, with a CAGR of +7.7%, saw the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of beryllium per capita consumption in 2024 were the United States (9.5 kg per 1000 persons), Spain (6 kg per 1000 persons) and Mozambique (6 kg per 1000 persons).

From 2013 to 2024, the biggest increases were recorded for Spain (with a CAGR of +46.0%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Unwrougt and Powder Beryllium

In 2024, the amount of unwrougt and powder beryllium produced worldwide amounted to 5.2K tons, therefore, remained relatively stable against the previous year. In general, production, however, recorded a perceptible decrease. The pace of growth was the most pronounced in 2014 with an increase of 16% against the previous year. As a result, production attained the peak volume of 8.8K tons. From 2015 to 2024, global production growth remained at a somewhat lower figure.

In value terms, beryllium production amounted to $314M in 2024 estimated in export price. Overall, production, however, recorded a noticeable descent. The pace of growth was the most pronounced in 2014 with an increase of 13%. As a result, production reached the peak level of $454M. From 2015 to 2024, global production growth remained at a somewhat lower figure.

Production By Country

The United States (3.2K tons) remains the largest beryllium producing country worldwide, comprising approx. 62% of total volume. Moreover, beryllium production in the United States exceeded the figures recorded by the second-largest producer, China (1.3K tons), threefold. The third position in this ranking was held by Mozambique (209 tons), with a 4% share.

From 2013 to 2024, the average annual rate of growth in terms of volume in the United States totaled -5.4%. In the other countries, the average annual rates were as follows: China (+1.4% per year) and Mozambique (+6.6% per year).

Imports

World Imports of Unwrougt and Powder Beryllium

In 2024, purchases abroad of unwrougt and powder beryllium increased by 252% to 348 tons, rising for the fourth year in a row after two years of decline. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 286% against the previous year. Global imports peaked in 2024 and are likely to see steady growth in the immediate term.

In value terms, beryllium imports shrank modestly to $27M in 2024. Overall, imports recorded buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 153% against the previous year. Global imports peaked at $28M in 2023, and then declined modestly in the following year.

Imports By Country

Spain dominates imports structure, amounting to 285 tons, which was near 82% of total imports in 2024. It was distantly followed by China (21 tons), committing a 5.9% share of total imports. The following importers - Iran (10 tons), France (9.2 tons) and the United States (8.7 tons) - each accounted for an 8% share of total imports.

Spain was also the fastest-growing in terms of the unwrougt and powder beryllium imports, with a CAGR of +251.1% from 2013 to 2024. At the same time, France (+52.8%), China (+26.7%) and Iran (+5.3%) displayed positive paces of growth. By contrast, the United States (-3.3%) illustrated a downward trend over the same period. From 2013 to 2024, the share of Spain, France and China increased by +82, +2.4 and +1.9 percentage points, respectively.

In value terms, China ($21M) constitutes the largest market for imported unwrougt and powder beryllium worldwide, comprising 76% of global imports. The second position in the ranking was taken by the United States ($3.7M), with a 13% share of global imports. It was followed by Spain, with a 0.9% share.

From 2013 to 2024, the average annual rate of growth in terms of value in China stood at +34.4%. In the other countries, the average annual rates were as follows: the United States (-3.2% per year) and Spain (+56.4% per year).

Import Prices By Country

In 2024, the average beryllium import price amounted to $78,877 per ton, with a decrease of -72.3% against the previous year. Overall, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 316%. Global import price peaked at $300,902 per ton in 2022; however, from 2023 to 2024, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($1,009,121 per ton), while Spain ($830 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Iran (+12.6%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Unwrougt and Powder Beryllium

After three years of growth, shipments abroad of unwrougt and powder beryllium decreased by -53.2% to 53 tons in 2024. Overall, exports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2023 when exports increased by 218%. As a result, the exports reached the peak of 113 tons, and then fell remarkably in the following year.

In value terms, beryllium exports contracted rapidly to $25M in 2024. In general, exports, however, showed a remarkable increase. The growth pace was the most rapid in 2023 when exports increased by 857%. As a result, the exports attained the peak of $29M, and then fell rapidly in the following year.

Exports By Country

Kazakhstan (25 tons) and the United States (16 tons) prevails in exports structure, together creating 78% of total exports. Germany (3.4 tons) took a 6.4% share (based on physical terms) of total exports, which put it in second place, followed by the UK (5.5%). Madagascar (1.6 tons), Brazil (1 tons) and Nigeria (1 tons) followed a long way behind the leaders.

From 2013 to 2024, the biggest increases were recorded for the UK (with a CAGR of +42.5%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($19M) remains the largest beryllium supplier worldwide, comprising 76% of global exports. The second position in the ranking was taken by the UK ($3.7M), with a 15% share of global exports. It was followed by the United States, with a 2.2% share.

From 2013 to 2024, the average annual rate of growth in terms of value in Kazakhstan amounted to +9.0%. The remaining exporting countries recorded the following average annual rates of exports growth: the UK (+73.1% per year) and the United States (+1.6% per year).

Export Prices By Country

In 2024, the average beryllium export price amounted to $465,430 per ton, surging by 79% against the previous year. Over the period under review, the export price saw strong growth. The pace of growth was the most pronounced in 2023 an increase of 201%. The global export price peaked in 2024 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the UK ($1,267,117 per ton), while Madagascar ($31,113 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Brazil (+33.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform