Asia: Market for Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals 2024

Market Size for Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals in Asia

The Asian compounds of rare-earth metals market reached $X in 2022, with an increase of X% against the previous year. Overall, consumption posted a resilient expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals in Asia

In value terms, compounds of rare-earth metals production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production recorded resilient growth. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals

Exports in Asia

In 2022, after two years of growth, there was significant decline in overseas shipments of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals, when their volume decreased by X% to X tons. Over the period under review, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of export peaked at X tons in 2021, and then dropped in the following year.

In value terms, compounds of rare-earth metals exports expanded remarkably to $X in 2022. In general, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

China was the largest exporting country with an export of around X tons, which resulted at X% of total exports. Malaysia (X tons) held the second position in the ranking, followed by Myanmar (X tons). All these countries together held approx. X% share of total exports. Japan (X tons), Vietnam (X tons), India (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Myanmar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest compounds of rare-earth metals supplying countries in Asia were China ($X), Malaysia ($X) and Myanmar ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Myanmar, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price recorded mild growth. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 Japan ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Imports of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals

Imports in Asia

In 2022, approx. X tons of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals were imported in Asia; rising by X% on the previous year's figure. In general, imports posted a prominent expansion. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, compounds of rare-earth metals imports soared to $X in 2022. Overall, imports saw a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

China represented the major importing country with an import of about X tons, which resulted at X% of total imports. It was distantly followed by Japan (X tons), the Philippines (X tons) and Vietnam (X tons), together making up a X% share of total imports. Taiwan (Chinese) (X tons), South Korea (X tons) and Thailand (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals in Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with an X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and Vietnam (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price, however, showed a mild increase. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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