Asia-Pacific: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Asia-Pacific

The Asia-Pacific ferro-cerium and pyrophoric alloys market declined to $X in 2021, with a decrease of -6% against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, the market hit record highs at $X in 2020, and then contracted in the following year.

Production of Ferro-Cerium And Pyrophoric Alloys in Asia-Pacific

In value terms, ferro-cerium and pyrophoric alloys production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 16%. Over the period under review, production attained the maximum level at $X in 2020, and then reduced in the following year.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports in Asia-Pacific

In 2021, approx. X tons of ferro-cerium and pyrophoric alloys were exported in Asia-Pacific; standing approx. at the previous year's figure. Over the period under review, exports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2014 with an increase of 39%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, ferro-cerium and pyrophoric alloys exports declined to $X in 2021. In general, exports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2018 when exports increased by 6%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, China (X tons) represented the major exporter of ferro-cerium and pyrophoric alloys, constituting 59% of total exports. India (X tons) held an 11% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (8.1%), Thailand (7.8%) and Japan (4.7%). The following exporters - the Philippines (X tons) and Vietnam (X tons) - each resulted at a 4.2% share of total exports.

Exports from China decreased at an average annual rate of -4.0% from 2012 to 2021. At the same time, Vietnam (+24.1%) and Japan (+22.7%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +24.1% from 2012-2021. By contrast, the Philippines (-3.4%), India (-6.4%), Thailand (-12.7%) and Malaysia (-15.6%) illustrated a downward trend over the same period. While the share of China (+27 p.p.), Japan (+4.5 p.p.), India (+3.8 p.p.) and Vietnam (+2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Thailand (-2 p.p.) and Malaysia (-5.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest ferro-cerium and pyrophoric alloys supplier in Asia-Pacific, comprising 63% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 17% share of total exports. It was followed by India, with a 4.5% share.

In China, ferro-cerium and pyrophoric alloys exports contracted by an average annual rate of -10.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Philippines (+3.9% per year) and India (-3.4% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, dropping by -10.1% against the previous year. In general, the export price saw a noticeable decrease. The pace of growth appeared the most rapid in 2016 when the export price increased by 86%. The level of export peaked at $X per ton in 2018; however, from 2019 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 the Philippines ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+7.5%), while the other leaders experienced more modest paces of growth.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports in Asia-Pacific

In 2021, overseas purchases of ferro-cerium and pyrophoric alloys were finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, saw a abrupt slump. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, ferro-cerium and pyrophoric alloys imports soared to $X in 2021. Overall, imports, however, continue to indicate a slight decline. The most prominent rate of growth was recorded in 2014 when imports increased by 20% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Australia (X tons), distantly followed by Thailand (X tons), New Zealand (X tons), Hong Kong SAR (X tons), Japan (X tons) and Malaysia (X tons) represented the main importers of ferro-cerium and pyrophoric alloys, together mixing up 78% of total imports. The following importers - India (X tons), Singapore (X tons), Bangladesh (X tons), Maldives (X tons) and South Korea (X tons) - together made up 14% of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +15.0%), 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-Pacific were Australia ($X), Japan ($X) and Malaysia ($X), with a combined 40% share of total imports. New Zealand, Hong Kong SAR, India, South Korea, Singapore, Maldives and Bangladesh lagged somewhat behind, together comprising a further 25%.

India, with a CAGR of +20.3%, saw 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-Pacific stood at $X per ton in 2021, reducing by -2.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.0%. The most prominent rate of growth was recorded in 2014 when the import price increased by 14% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2020, and then contracted slightly in the following year.

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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