Asia: Pyrites Market 2024

Pyrites Market Size in Asia

The Asian pyrites market expanded sharply to $X in 2022, increasing by 6.4% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Pyrites Production in Asia

In value terms, pyrites production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% 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 2017 when the production volume increased by 23%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Pyrites Exports

Exports in Asia

For the third year in a row, Asia recorded growth in shipments abroad of pyrites, which increased by 11% to X tons in 2022. Over the period under review, exports saw a prominent increase. The growth pace was the most rapid in 2014 with an increase of 96%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, pyrites exports skyrocketed to $X in 2022. In general, exports enjoyed prominent growth. The growth pace was the most rapid in 2014 with an increase of 155% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, Turkey (X tons) represented the largest exporter of pyrites, mixing up 45% of total exports. Lao People's Democratic Republic (X tons) held the second position in the ranking, distantly followed by China (X tons) and the Philippines (X tons). All these countries together took near 52% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +1,171.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest pyrites supplying countries in Asia were Turkey ($X), Lao People's Democratic Republic ($X) and China ($X), with a combined 82% share of total exports. These countries were followed by the Philippines, which accounted for a further 9.9%.

In terms of the main exporting countries, the Philippines, with a CAGR of +1,291.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, with an increase of 32% against the previous year. Over the period under review, the export price, however, showed a deep setback. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+9.4%), while the other leaders experienced more modest paces of growth.

Pyrites Imports

Imports in Asia

In 2022, overseas purchases of pyrites increased by 14% to X tons, rising for the fourth consecutive year after four years of decline. In general, imports, however, recorded a pronounced setback. The growth pace was the most rapid in 2014 when imports increased by 132%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, pyrites imports expanded notably to $X in 2022. Over the period under review, imports enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2014 with an increase of 100% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China dominates imports structure, amounting to X tons, which was approx. 91% of total imports in 2022. The following importers - Japan (X tons), Thailand (X tons) and Kazakhstan (X tons) - each resulted at a 4.7% share of total imports.

Imports into China decreased at an average annual rate of -3.0% from 2012 to 2022. At the same time, Kazakhstan (+101.4%) and Thailand (+34.5%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in Asia, with a CAGR of +101.4% from 2012-2022. By contrast, Japan (-5.7%) illustrated a downward trend over the same period. While the share of Kazakhstan (+1.5 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported pyrites in Asia, comprising 78% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with an 11% share of total imports. It was followed by Japan, with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +3.7%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+136.3% per year) and Japan (-2.5% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, approximately reflecting the previous year. Overall, the import price, however, recorded prominent growth. The most prominent rate of growth was recorded in 2017 an increase of 58% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+17.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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