Asia: Alkali Metals Market 2024

Alkali Metals Market Size in Asia

The Asian alkali metals market fell to $X in 2021, dropping by -6.5% against the previous year. Over the period under review, consumption continues to indicate a perceptible contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Alkali Metals Production in Asia

In value terms, alkali metals production dropped slightly to $X in 2021 estimated in export price. Over the period under review, production saw a noticeable setback. The pace of growth appeared the most rapid in 2018 when the production volume increased by 8.6% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Alkali Metals Exports

Exports in Asia

In 2021, shipments abroad of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, saw a noticeable reduction. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, alkali metals exports surged to $X in 2021. In general, exports, however, continue to indicate a perceptible contraction. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China dominates exports structure, finishing at X tons, which was approx. 89% of total exports in 2021. Vietnam (X tons) and Thailand (X tons) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to alkali metals exports from China stood at +7.5%. At the same time, Thailand (+19.0%) and Vietnam (+6.6%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of +19.0% from 2012-2021. China (+53 p.p.), Vietnam (+2.1 p.p.) and Thailand (+1.8 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 ($X), Vietnam ($X) and Thailand ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 92% of total exports.

Thailand, with a CAGR of +33.5%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, increasing by 24% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the export price increased by 34%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+12.2%), while the other leaders experienced a decline in the export price figures.

Alkali Metals Imports

Imports in Asia

In 2021, purchases abroad of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury increased by 19% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, alkali metals imports surged to $X in 2021. In general, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India (X tons) and Japan (X tons) represented roughly 63% of total imports in 2021. It was distantly followed by Malaysia (X tons), achieving a 14% share of total imports. The following importers - Thailand (X tons), South Korea (X tons), Turkey (X tons), Taiwan (Chinese) (X tons) and the United Arab Emirates (X tons) - together made up 15% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Turkey (with a CAGR of +31.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury in Asia, comprising 49% of total imports. The second position in the ranking was taken by India ($X), with a 13% share of total imports. It was followed by Malaysia, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan stood at -2.5%. In the other countries, the average annual rates were as follows: India (+5.8% per year) and Malaysia (+20.9% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, growing by 18% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 28% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+9.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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