Asia-Pacific: Cadmium Market 2024

Cadmium Market Size in Asia-Pacific

The Asia-Pacific cadmium market declined to $X in 2022, waning by -7% against the previous year. In general, consumption recorded a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cadmium Production in Asia-Pacific

In value terms, cadmium production fell slightly to $X in 2022 estimated in export price. In general, production showed a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of 18%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Cadmium Exports

Exports in Asia-Pacific

In 2022, approx. X tons of cadmium and articles thereof were exported in Asia-Pacific; falling by -7.7% on 2021 figures. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 31% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, cadmium exports amounted to $X in 2022. Over the period under review, exports, however, posted temperate growth. The most prominent rate of growth was recorded in 2018 with an increase of 93%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Korea represented the key exporting country with an export of about X tons, which reached 63% of total exports. Japan (X tons) held a 26% share (based on physical terms) of total exports, which put it in second place, followed by Hong Kong SAR (6.3%). Australia (X tons) held a relatively small share of total exports.

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, Japan (+9.7%) and Hong Kong SAR (+6.2%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +9.7% from 2012-2022. By contrast, Australia (-6.5%) illustrated a downward trend over the same period. Japan (+16 p.p.) and Hong Kong SAR (+2.8 p.p.) significantly strengthened its position in terms of the total exports, while Australia and South Korea saw its share reduced by -2.4% and -15.4% from 2012 to 2022, respectively.

In value terms, South Korea ($X) remains the largest cadmium supplier in Asia-Pacific, comprising 49% of total exports. The second position in the ranking was held by Japan ($X), with a 21% share of total exports. It was followed by Hong Kong SAR, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value in South Korea was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+7.7% per year) and Hong Kong SAR (+8.8% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, surging by 19% against the previous year. Export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.6% 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 2017 when the export price increased by 55%. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.7%), while the other leaders experienced more modest paces of growth.

Cadmium Imports

Imports in Asia-Pacific

In 2022, overseas purchases of cadmium and articles thereof decreased by -31.3% to X tons, falling for the second year in a row after two years of growth. In general, imports saw a perceptible contraction. The pace of growth appeared the most rapid in 2015 when imports increased by 16% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, cadmium imports shrank remarkably to $X in 2022. Overall, imports showed a pronounced decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 46%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

India dominates imports structure, finishing at X tons, which was approx. 91% of total imports in 2022. It was distantly followed by Hong Kong SAR (X tons), comprising a 5.9% share of total imports. Bangladesh (X tons) took a relatively small share of total imports.

India was also the fastest-growing in terms of the cadmium and articles thereof imports, with a CAGR of +29.3% from 2012 to 2022. At the same time, Bangladesh (+25.3%) displayed positive paces of growth. By contrast, Hong Kong SAR (-5.9%) illustrated a downward trend over the same period. While the share of India (+87 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 ($X) constitutes the largest market for imported cadmium and articles thereof in Asia-Pacific, comprising 88% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with an 8.7% share of total imports.

In India, cadmium imports increased at an average annual rate of +29.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (+5.7% per year) and Bangladesh (+32.7% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, with an increase of 5.8% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 61%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: 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

Frequently Asked Questions (FAQ) :