Australia and Oceania: Market for Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals 2024

Market Size for Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals in Australia and Oceania

The compounds of rare-earth metals market in Australia and Oceania reached $X in 2022, picking up by X% against the previous year. In general, consumption showed a resilient expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals in Australia and Oceania

In value terms, compounds of rare-earth metals production rose significantly to $X in 2022 estimated in export price. In general, production recorded a remarkable increase. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals

Exports in Australia and Oceania

In 2022, approx. X tons of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals were exported in Australia and Oceania; dropping by X% against the previous year's figure. Overall, exports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then declined sharply in the following year.

In value terms, compounds of rare-earth metals exports fell modestly to $X in 2022. In general, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then contracted modestly in the following year.

Exports by Country

The biggest shipments were from Australia (X tons), together recording X% of total export.

Australia was also the fastest-growing in terms of the compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest compounds of rare-earth metals supplier in Australia and Oceania.

In Australia, compounds of rare-earth metals exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, growing by X% against the previous year. Overall, the export price showed significant growth. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to X% per year.

Imports of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals

Imports in Australia and Oceania

In 2022, supplies from abroad of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals was finally on the rise to reach X tons after four years of decline. Overall, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. 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, compounds of rare-earth metals imports surged to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Australia (X tons) represented the main importer of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals, achieving X% of total imports. It was distantly followed by Fiji (X kg), creating a X% share of total imports. New Zealand (X kg), New Caledonia (X kg), Papua New Guinea (X kg) and Samoa (X kg) held a relatively small share of total imports.

Imports into Australia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Fiji (X%), Samoa (X%) and New Caledonia (X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, New Zealand (X%) and Papua New Guinea (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Fiji and New Caledonia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by Fiji ($X), with a X% share of total imports. It was followed by New Zealand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Fiji (X% per year) and New Zealand (X% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, reducing by X% against the previous year. Overall, the import price, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2019 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2021, and then shrank significantly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while Samoa ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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