Asia: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Asia

The Asian ferro-cerium and pyrophoric alloys market declined to $X in 2021, dropping by -6% against the previous year. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2020, and then reduced in the following year.

Production of Ferro-Cerium And Pyrophoric Alloys in Asia

In value terms, ferro-cerium and pyrophoric alloys production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 15% against the previous year. As a result, production attained the peak level of $X, and then reduced in the following year.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports in Asia

In 2021, approx. X tons of ferro-cerium and pyrophoric alloys were exported in Asia; surging by 6.4% against the previous year. In general, exports, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2015 when exports increased by 45% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, ferro-cerium and pyrophoric alloys exports contracted to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of 15%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) and Turkey (X tons) represented the key exporters of ferro-cerium and pyrophoric alloys in 2021, recording near 38% and 25% of total exports, respectively. The United Arab Emirates (X tons) held the next position in the ranking, followed by India (X tons), Malaysia (X tons) and Thailand (X tons). All these countries together held approx. 27% share of total exports. Japan (X tons) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +22.7%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, China ($X) remains the largest ferro-cerium and pyrophoric alloys supplier in Asia, comprising 48% of total exports. The second position in the ranking was held by Turkey ($X), with a 16% share of total exports. It was followed by the United Arab Emirates, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled -10.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+3.6% per year) and the United Arab Emirates (+0.0% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, dropping by -9.7% against the previous year. Over the period under review, the export price saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 34%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+4.6%), while the other leaders experienced more modest paces of growth.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports in Asia

In 2021, supplies from abroad of ferro-cerium and pyrophoric alloys was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, recorded a deep slump. The growth pace was the most rapid in 2018 when imports increased by 10%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, ferro-cerium and pyrophoric alloys imports stood at $X in 2021. In general, imports, however, saw a pronounced decrease. The pace of growth appeared the most rapid in 2014 when imports increased by 14%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The purchases of the five major importers of ferro-cerium and pyrophoric alloys, namely Thailand, Israel, Hong Kong SAR, Japan and Malaysia, represented more than half of total import. The following importers - India (X tons), Kuwait (X tons), Cyprus (X tons), Singapore (X tons), Bangladesh (X tons), Qatar (X tons), the United Arab Emirates (X tons) and Jordan (X tons) - together made up 26% of total imports.

From 2012 to 2021, the biggest increases were recorded for Qatar (with a CAGR of +43.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ferro-cerium and pyrophoric alloys importing markets in Asia were Japan ($X), Malaysia ($X) and Israel ($X), together comprising 30% of total imports. Hong Kong SAR, India, Qatar, Cyprus, the United Arab Emirates, Singapore, Jordan, Kuwait and Bangladesh lagged somewhat behind, together accounting for a further 25%.

Qatar, with a CAGR of +46.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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, growing by 4.9% against the previous year. Over the last nine years, it increased at an average annual rate of +4.8%. The most prominent rate of growth was recorded in 2020 when the import price increased by 18%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while Bangladesh ($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 (+13.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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