Asia: Market for Antimony Ores and Concentrates 2024

Market Size for Antimony Ores and Concentrates in Asia

In 2021, the Asian antimony ore and concentrate market was finally on the rise to reach $X after five years of decline. Overall, consumption saw a abrupt slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Antimony Ores and Concentrates in Asia

In value terms, antimony ore and concentrate production surged to $X in 2021 estimated in export price. Over the period under review, production recorded a deep slump. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Antimony Ores and Concentrates

Exports in Asia

In 2021, overseas shipments of antimony ores and concentrates decreased by -20% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports showed a pronounced slump. The pace of growth appeared the most rapid in 2017 with an increase of 31% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, antimony ore and concentrate exports expanded markedly to $X in 2021. In general, exports saw a mild shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 19%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Tajikistan (X tons) represented the largest exporter of antimony ores and concentrates, constituting 42% of total exports. Turkey (X tons) held a 24% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (17%) and Myanmar (8.2%). The following exporters - China (X tons), India (X tons) and the United Arab Emirates (X tons) - together made up 6.7% of total exports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +23.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) emerged as the largest antimony ore and concentrate supplier in Asia, comprising 51% of total exports. The second position in the ranking was held by Tajikistan ($X), with a 20% share of total exports. It was followed by Thailand, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey amounted to +6.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Tajikistan (-10.1% per year) and Thailand (+0.9% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, picking up by 37% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 49%. Over the period under review, the export prices attained the maximum in 2021 and is likely to see steady growth in the near future.

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 Turkey ($X per ton), while Tajikistan ($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 (+6.4%), while the other leaders experienced a decline in the export price figures.

Imports of Antimony Ores and Concentrates

Imports in Asia

In 2021, supplies from abroad of antimony ores and concentrates decreased by -10.5% to X tons, falling for the third year in a row after three years of growth. Overall, imports showed a abrupt curtailment. The growth pace was the most rapid in 2017 when imports increased by 44%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, antimony ore and concentrate imports skyrocketed to $X in 2021. Over the period under review, imports recorded a perceptible downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 38% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

China represented the major importer of antimony ores and concentrates in Asia, with the volume of imports reaching X tons, which was approx. 65% of total imports in 2021. Vietnam (X tons) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (11%) and India (9.8%).

Imports into China decreased at an average annual rate of -7.5% from 2012 to 2021. At the same time, Vietnam (+39.8%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia, with a CAGR of +39.8% from 2012-2021. India experienced a relatively flat trend pattern. By contrast, Thailand (-2.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Vietnam, India and Thailand increased by +11, +4.3 and +3 percentage points, respectively.

In value terms, China ($X) constitutes the largest market for imported antimony ores and concentrates in Asia, comprising 68% of total imports. The second position in the ranking was taken by Thailand ($X), with an 11% share of total imports. It was followed by India, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to -6.1%. In the other countries, the average annual rates were as follows: Thailand (+17.8% per year) and India (-4.4% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, picking up by 34% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in China ($X per ton) and Thailand ($X per ton), while Vietnam ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+20.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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