Asia: Mercury Market 2024

Mercury Market Size in Asia

In 2021, the Asian mercury market increased by less than 0.1% to $X, rising for the sixth year in a row after three years of decline. The total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +73.0% against 2015 indices. Over the period under review, the market reached the peak level in 2021 and is likely to see gradual growth in the near future.

Mercury Production in Asia

In value terms, mercury production declined to $X in 2021 estimated in export price. Over the period under review, production, however, posted a prominent increase. The growth pace was the most rapid in 2018 with an increase of 42%. The level of production peaked at $X in 2020, and then declined in the following year.

Mercury Exports

Exports in Asia

In 2021, the amount of mercuries exported in Asia soared to X tons, growing by 21% on 2020. Total exports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -10.7% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 90%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, mercury exports amounted to $X in 2021. In general, exports, however, continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of 127%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, Tajikistan (X tons) was the major exporter of mercuries, generating 46% of total exports. Indonesia (X tons) ranks second in terms of the total exports with a 27% share, followed by the United Arab Emirates (5.6%), Vietnam (5.3%) and India (4.5%). The following exporters - Japan (X tons) and China (X tons) - together made up 6.6% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Indonesia (with a CAGR of +56.3%), while the other leaders experienced more modest paces of growth.

In value terms, Tajikistan ($X) remains the largest mercury supplier in Asia, comprising 48% of total exports. The second position in the ranking was taken by India ($X), with a 12% share of total exports. It was followed by Vietnam, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in Tajikistan stood at +25.3%. The remaining exporting countries recorded the following average annual rates of exports growth: India (+12.1% per year) and Vietnam (+23.3% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, reducing by -12.7% against the previous year. Overall, the export price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when the export price increased by 27%. The level of export peaked at $X per ton in 2013; however, from 2014 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 India ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+8.9%), while the other leaders experienced more modest paces of growth.

Mercury Imports

Imports in Asia

In 2021, mercury imports in Asia soared to X tons, picking up by 114% compared with 2020. Over the period under review, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, mercury imports soared to $X in 2021. Overall, imports, however, showed a abrupt setback. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the key importer of mercuries in Asia, with the volume of imports recording X tons, which was near 48% of total imports in 2021. It was distantly followed by India (X tons), Tajikistan (X tons) and Vietnam (X tons), together comprising a 47% share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of +43.4% from 2012 to 2021. At the same time, Tajikistan (+88.7%) and Vietnam (+36.1%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Asia, with a CAGR of +88.7% from 2012-2021. India experienced a relatively flat trend pattern. From 2012 to 2021, the share of the United Arab Emirates, Tajikistan and Vietnam increased by +46, +18 and +8.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), India ($X) and Tajikistan ($X) were the countries with the highest levels of imports in 2021, together comprising 85% of total imports.

Tajikistan, with a CAGR of +80.1%, saw the highest growth rate of 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

In 2021, the import price in Asia amounted to $X per ton, shrinking by -9.6% against the previous year. Overall, the import price showed a abrupt downturn. The pace of growth was the most pronounced in 2018 when the import price increased by 54% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, 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 India ($X per ton), while the United Arab Emirates ($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 (-3.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :