Asia: Cadmium Market 2024

Cadmium Market Size in Asia

The Asian cadmium market reduced to $X in 2022, declining by -7.7% against the previous year. In general, consumption faced a deep downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cadmium Production in Asia

In value terms, cadmium production dropped modestly to $X in 2022 estimated in export price. Overall, production recorded a deep contraction. The pace of growth appeared the most rapid in 2015 when the production volume increased by 19% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Cadmium Exports

Exports in Asia

In 2022, shipments abroad of cadmium and articles thereof decreased by -2.8% to X tons, falling for the second year in a row after five years of growth. Total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -21.1% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 44% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, cadmium exports rose significantly to $X in 2022. Overall, exports, however, continue to indicate a notable expansion. The pace of growth was the most pronounced in 2018 with an increase of 77% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

South Korea represented the largest exporter of cadmium and articles thereof in Asia, with the volume of exports finishing at X tons, which was approx. 46% of total exports in 2022. Japan (X tons) took a 19% share (based on physical terms) of total exports, which put it in second place, followed by Kazakhstan (18%), the United Arab Emirates (5.3%), Uzbekistan (5.2%) and Hong Kong SAR (4.6%).

From 2012 to 2022, average annual rates of growth with regard to cadmium exports from South Korea stood at -2.0%. At the same time, the United Arab Emirates (+74.3%), Uzbekistan (+11.8%), Japan (+9.7%), Hong Kong SAR (+6.2%) and Kazakhstan (+5.0%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of +74.3% from 2012-2022. From 2012 to 2022, the share of Japan, the United Arab Emirates, Uzbekistan and Kazakhstan increased by +9.8, +5.3, +5.2 and +4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) remains the largest cadmium supplier in Asia, comprising 38% of total exports. The second position in the ranking was taken by Japan ($X), with a 16% share of total exports. It was followed by Kazakhstan, with a 13% share.

From 2012 to 2022, the average annual growth rate of value in South Korea was relatively modest. In the other countries, the average annual rates were as follows: Japan (+7.7% per year) and Kazakhstan (+6.4% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, jumping by 17% against the previous year. Export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the export price increased by 57%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+11.2%), while the other leaders experienced more modest paces of growth.

Cadmium Imports

Imports in Asia

For the third consecutive year, Asia recorded decline in purchases abroad of cadmium and articles thereof, which decreased by -31.1% to X tons in 2022. In general, imports saw a pronounced decline. The pace of growth was the most pronounced in 2015 with an increase of 16%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, cadmium imports contracted notably to $X in 2022. Overall, imports continue to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 46% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

India dominates imports structure, amounting to X tons, which was approx. 89% of total imports in 2022. It was distantly followed by Hong Kong SAR (X tons), creating a 5.7% share of total imports. The following importers - Bangladesh (X tons) and Israel (X tons) - each resulted at a 3.8% share of total imports.

Imports into India increased at an average annual rate of +29.3% from 2012 to 2022. At the same time, Israel (+43.7%) and Bangladesh (+25.3%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in Asia, with a CAGR of +43.7% from 2012-2022. By contrast, Hong Kong SAR (-5.9%) illustrated a downward trend over the same period. While the share of India (+85 p.p.), Israel (+1.8 p.p.) and Bangladesh (+1.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported cadmium and articles thereof in Asia, comprising 85% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with an 8.4% share of total imports. It was followed by Israel, with a 2.4% share.

In India, cadmium imports increased at an average annual rate of +29.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hong Kong SAR (+5.7% per year) and Israel (+27.7% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, growing by 5.7% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 60% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the 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 Hong Kong SAR ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+12.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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