Asia-Pacific: Market for Antimony Ores and Concentrates 2024

Market Size for Antimony Ores and Concentrates in Asia-Pacific

The Asia-Pacific antimony ore and concentrate market was finally on the rise to reach $X in 2021, after five years of decline. Overall, consumption showed a abrupt shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Antimony Ores and Concentrates in Asia-Pacific

In value terms, antimony ore and concentrate production skyrocketed to $X in 2021 estimated in export price. Overall, production recorded a abrupt shrinkage. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Antimony Ores and Concentrates

Exports in Asia-Pacific

Antimony ore and concentrate exports rose sharply to X tons in 2021, increasing by 15% against the year before. Total exports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +34.0% against 2017 indices. The growth pace was the most rapid in 2015 when exports increased by 40%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, antimony ore and concentrate exports surged to $X in 2021. Overall, exports showed a noticeable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia represented the largest exporter of antimony ores and concentrates in Asia-Pacific, with the volume of exports finishing at X tons, which was approx. 65% of total exports in 2021. Thailand (X tons) held the second position in the ranking, distantly followed by Myanmar (X tons). All these countries together took approx. 28% share of total exports. The following exporters - China (X tons) and India (X tons) - together made up 5.7% of total exports.

Exports from Australia increased at an average annual rate of +6.1% from 2012 to 2021. At the same time, India (+23.8%), Myanmar (+16.6%) and China (+6.3%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +23.8% from 2012-2021. By contrast, Thailand (-5.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Australia, Myanmar and India increased by +18, +6.3 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest antimony ore and concentrate supplier in Asia-Pacific, comprising 84% of total exports. The second position in the ranking was held by Thailand ($X), with a 7.2% share of total exports. It was followed by Myanmar, with a 5.4% share.

In Australia, antimony ore and concentrate exports expanded at an average annual rate of +5.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Thailand (+0.9% per year) and Myanmar (+6.1% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, surging by 49% against the previous year. Export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, antimony ore and concentrate export price increased by +90.4% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while Thailand ($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 (+6.4%), while the other leaders experienced a decline in the export price figures.

Imports of Antimony Ores and Concentrates

Imports in Asia-Pacific

In 2021, overseas purchases of antimony ores and concentrates decreased by -10.5% to X tons, falling for the third consecutive year after three years of growth. Overall, imports recorded a noticeable shrinkage. The growth pace was the most rapid in 2017 when imports increased by 44% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, antimony ore and concentrate imports skyrocketed to $X in 2021. Over the period under review, imports saw a pronounced decline. The pace of growth was the most pronounced in 2017 when imports increased by 38% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main importer of antimony ores and concentrates, achieving 66% of total imports. Vietnam (X tons) took the second position in the ranking, followed by Thailand (X tons) and India (X tons). All these countries together took approx. 33% share of total imports.

Imports into China decreased at an average annual rate of -7.5% from 2012 to 2021. At the same time, Vietnam (+39.8%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +39.8% from 2012-2021. India experienced a relatively flat trend pattern. By contrast, Thailand (-2.0%) illustrated a downward trend over the same period. While the share of Vietnam (+11 p.p.), India (+4.1 p.p.) and Thailand (+2.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of China (-18.6 p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported antimony ores and concentrates in Asia-Pacific, comprising 70% of total imports. The second position in the ranking was taken by Thailand ($X), with an 11% share of total imports. It was followed by India, with a 9.4% share.

In China, antimony ore and concentrate imports shrank by an average annual rate of -6.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Thailand (+17.8% per year) and India (-4.4% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, picking up by 35% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in China ($X per ton) and Thailand ($X per ton), while Vietnam ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+20.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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