Asia: Bismuth Market 2022

Bismuth Market Size in Asia

In 2021, the Asian bismuth market decreased by -1.8% to $X, falling for the second year in a row after two years of growth. Overall, consumption showed a drastic downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Bismuth Production in Asia

In value terms, bismuth production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, saw a sharp decrease. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Bismuth Exports

Exports in Asia

In 2021, overseas shipments of bismuth increased by 40% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +52.0% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 41% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, bismuth exports skyrocketed to $X in 2021. In general, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by 68%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, China (X tons) represented the major exporter of bismuth, mixing up 73% of total exports. South Korea (X tons) took a 12% share (based on physical terms) of total exports, which put it in second place, followed by Kazakhstan (5.3%). Vietnam (X tons), Japan (X tons) and Hong Kong SAR (X tons) held a minor share of total exports.

Exports from China increased at an average annual rate of +3.7% from 2012 to 2021. At the same time, Vietnam (+117.8%), Kazakhstan (+24.1%), Japan (+19.3%), South Korea (+12.3%) and Hong Kong SAR (+1.3%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +117.8% from 2012-2021. From 2012 to 2021, the share of South Korea, Kazakhstan, Vietnam and Japan increased by +5, +4, +2.6 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest bismuth supplier in Asia, comprising 68% of total exports. The second position in the ranking was taken by South Korea ($X), with an 11% share of total exports. It was followed by Japan, with a 7.8% share.

In China, bismuth exports contracted by an average annual rate of -7.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (-0.4% per year) and Japan (+15.4% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, rising by 17% against the previous year. Over the period under review, the export price, however, recorded a abrupt setback. The growth pace was the most rapid in 2014 when the export price increased by 19%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the the export prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-3.3%), while the other leaders experienced a decline in the export price figures.

Bismuth Imports

Imports in Asia

In 2021, approx. X tons of bismuth were imported in Asia; picking up by 18% compared with 2020 figures. Overall, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 45% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, bismuth imports reached $X in 2021. In general, imports, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 36%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Hong Kong SAR represented the main importing country with an import of around X tons, which resulted at 32% of total imports. Lao People's Democratic Republic (X tons) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by China (11%), Japan (9.8%), Vietnam (8.7%), India (5.9%), South Korea (5.8%) and Taiwan (Chinese) (5%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Lao People's Democratic Republic (with a CAGR of +137.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), South Korea ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 58% of total imports. Vietnam, Japan, India, Taiwan (Chinese) and Lao People's Democratic Republic lagged somewhat behind, together comprising a further 33%.

In terms of the main importing countries, Lao People's Democratic Republic, with a CAGR of +53.5%, recorded the highest growth rate of 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 2021, falling by -9.4% against the previous year. Overall, the import price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2014 an increase of 23%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was South Korea ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+1.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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