Asia: Antimony Oxides Market 2024

Antimony Oxides Market Size in Asia

The Asian antimony oxides market skyrocketed to $X in 2022, with an increase of 31% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Antimony Oxides Production in Asia

In value terms, antimony oxides production declined to $X in 2022 estimated in export price. In general, production, however, saw a perceptible contraction. The growth pace was the most rapid in 2017 with an increase of 9.4% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Antimony Oxides Exports

Exports in Asia

In 2022, approx. X tons of antimony oxides were exported in Asia; which is down by -17.3% against the previous year. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 24% against the previous year. As a result, the exports reached the peak of X tons, and then declined markedly in the following year.

In value terms, antimony oxides exports rose slightly to $X in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 103%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, resulting at X tons, which was approx. 90% of total exports in 2022. South Korea (X tons), Japan (X tons) and India (X tons) took a minor share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of antimony oxides. At the same time, South Korea (+11.8%) and India (+8.9%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia, with a CAGR of +11.8% from 2012-2022. By contrast, Japan (-3.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea increased by +2.8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest antimony oxides supplier in Asia, comprising 89% of total exports. The second position in the ranking was held by South Korea ($X), with a 3.9% share of total exports. It was followed by Japan, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+9.7% per year) and Japan (-4.3% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, with an increase of 26% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 64% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Japan ($X per ton) and India ($X per ton), while South Korea ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.7%), while the other leaders experienced a decline in the export price figures.

Antimony Oxides Imports

Imports in Asia

In 2022, supplies from abroad of antimony oxides decreased by -6.3% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by 18% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then fell in the following year.

In value terms, antimony oxides imports expanded remarkably to $X in 2022. In general, imports, however, saw a slight expansion. The most prominent rate of growth was recorded in 2021 with an increase of 60%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

The countries with the highest levels of antimony oxides imports in 2022 were Taiwan (Chinese) (X tons), India (X tons), Japan (X tons), South Korea (X tons), Thailand (X tons), Turkey (X tons), Indonesia (X tons), Malaysia (X tons) and Vietnam (X tons), together amounting to 91% of total import.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +15.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest antimony oxides importing markets in Asia were India ($X), Japan ($X) and Taiwan (Chinese) ($X), with a combined 49% share of total imports. South Korea, Thailand, Turkey, Indonesia, Malaysia and Vietnam lagged somewhat behind, together accounting for a further 42%.

In terms of the main importing countries, Vietnam, with a CAGR of +14.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, picking up by 19% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 55% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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