Asia: Roasted Iron Pyrites Market 2024

Roasted Iron Pyrites Market Size in Asia

In 2021, the Asian roasted iron pyrites market decreased by -2.6% to $X for the first time since 2017, thus ending a three-year rising trend. The total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +11.0% against 2017 indices. The level of consumption peaked at $X in 2020, and then fell slightly in the following year.

Roasted Iron Pyrites Production in Asia

In value terms, roasted iron pyrites production declined modestly to $X in 2021 estimated in export price. The total production indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +8.1% against 2018 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 64%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Roasted Iron Pyrites Exports

Exports in Asia

In 2021, exports of roasted iron pyrites in Asia surged to X tons, with an increase of 257% against the previous year's figure. In general, exports, however, showed a abrupt decrease. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, roasted iron pyrites exports surged to $X in 2021. Overall, exports posted notable growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey was the major exporting country with an export of around X tons, which accounted for 52% of total exports. It was distantly followed by Kazakhstan (X tons) and Pakistan (X tons), together achieving a 43% share of total exports. The following exporters - Taiwan (Chinese) (X tons) and Democratic People's Republic of Korea (X tons) - each accounted for a 3.5% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Taiwan (Chinese) (with a CAGR of +77.2%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) emerged as the largest roasted iron pyrites supplier in Asia, comprising 90% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 4.2% share of total exports. It was followed by Pakistan, with a 2.6% share.

In Turkey, roasted iron pyrites exports expanded at an average annual rate of +16.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (+4.5% per year) and Pakistan (-12.7% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, with an increase of 290% against the previous year. Over the period under review, the export price recorded a resilient increase. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+23.6%), while the other leaders experienced a decline in the export price figures.

Roasted Iron Pyrites Imports

Imports in Asia

In 2021, roasted iron pyrites imports in Asia fell markedly to X tons, which is down by -39.9% compared with 2020. Over the period under review, imports, however, showed a measured expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 168% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, roasted iron pyrites imports rose remarkably to $X in 2021. In general, imports, however, enjoyed pronounced growth. The pace of growth was the most pronounced in 2013 when imports increased by 171%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China represented the main importer of roasted iron pyrites in Asia, with the volume of imports amounting to X tons, which was approx. 54% of total imports in 2021. It was distantly followed by Kyrgyzstan (X tons), making up a 34% share of total imports. India (X tons), Kuwait (X tons) and Vietnam (X tons) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by India (with a CAGR of +73.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), China ($X) and Kyrgyzstan ($X) constituted the countries with the highest levels of imports in 2021, with a combined 89% share of total imports. India and Kuwait lagged somewhat behind, together comprising a further 7.5%.

In terms of the main importing countries, India, with a CAGR of +62.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, with an increase of 83% against the previous year. In general, the import price posted a mild expansion. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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 Vietnam ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (-3.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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