Asia-Pacific: Cadmium Market 2024

Cadmium Market Size in Asia-Pacific

In 2022, the Asia-Pacific cadmium market increased by 1.8% to $X, rising for the second consecutive year after four years of decline. The total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +19.0% against 2020 indices. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Cadmium Production in Asia-Pacific

In value terms, cadmium production shrank to $X in 2022 estimated in export price. The total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +6.5% against 2020 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 25%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Cadmium Exports

Exports in Asia-Pacific

Cadmium exports fell notably to X tons in 2022, which is down by -30.9% on 2021 figures. Over the period under review, exports showed a noticeable decrease. The growth pace was the most rapid in 2020 with an increase of 31%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, cadmium exports dropped markedly to $X in 2022. Overall, exports continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2018 with an increase of 56%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Korea was the main exporter of cadmium in Asia-Pacific, with the volume of exports accounting for X tons, which was near 81% of total exports in 2022. It was distantly followed by Hong Kong SAR (X tons), mixing up a 15% share of total exports. China (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cadmium exports from South Korea stood at -2.6%. At the same time, Hong Kong SAR (+13.1%) and China (+1.7%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +13.1% from 2012-2022. While the share of Hong Kong SAR (+12 p.p.) and South Korea (+7.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) remains the largest cadmium supplier in Asia-Pacific, comprising 86% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual growth rate of value in South Korea stood at -1.2%. In the other countries, the average annual rates were as follows: Hong Kong SAR (+9.1% per year) and China (-2.3% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, stabilizing at the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the export price increased by 59% against the previous year. As a result, the export price attained the peak level of $X per ton. 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 China ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.4%), while the other leaders experienced a decline in the export price figures.

Cadmium Imports

Imports in Asia-Pacific

In 2022, cadmium imports in Asia-Pacific reduced to X tons, dropping by -4.7% compared with 2021 figures. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 55% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, cadmium imports totaled $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 40% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

India (X tons) and China (X tons) dominates imports structure, together constituting 94% of total imports. It was distantly followed by Hong Kong SAR (X tons), creating a 5.3% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +30.3%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest cadmium importing markets in Asia-Pacific were India ($X), China ($X) and Hong Kong SAR ($X), with a combined 99% share of total imports.

India, with a CAGR of +33.6%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, rising by 7% against the previous year. In general, the import price, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in 2018 when the import price increased by 52% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, 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 Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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