Australia: Cadmium Market 2024

Cadmium Market Size in Australia

The Australian cadmium market skyrocketed to $X in 2022, jumping by 52% against the previous year. Over the period under review, consumption continues to indicate significant growth. Cadmium consumption peaked in 2022 and is likely to continue growth in years to come.

Cadmium Production in Australia

In value terms, cadmium production shrank slightly to $X in 2022 estimated in export price. In general, the total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.6% 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 +4.9% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of 41%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Cadmium Exports

Exports from Australia

In 2021, overseas shipments of cadmium were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, faced a abrupt contraction. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, cadmium exports skyrocketed to $X in 2021. Overall, exports, however, recorded a abrupt decrease. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

South Korea (X tons) was the main destination for cadmium exports from Australia, with a 86% share of total exports. Moreover, cadmium exports to South Korea exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. The third position in this ranking was held by India (X tons), with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Korea stood at -3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-9.9% per year) and India (-12.4% per year).

In value terms, the largest markets for cadmium exported from Australia were South Korea ($X), the United States ($X) and China ($X), together accounting for 82% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +11.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average cadmium export price stood at $X per ton in 2021, approximately equating the previous year. Over the period under review, export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cadmium export price decreased by -3.8% against 2019 indices. The growth pace was the most rapid in 2018 an increase of 41%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.

Cadmium Imports

Imports into Australia

In 2021, approx. X kg of cadmium were imported into Australia; with an increase of 342% on 2020 figures. Overall, imports saw a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 971%. As a result, imports attained the peak of X kg. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, cadmium imports skyrocketed to $X in 2021. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2019 when imports increased by 426%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Germany (X kg) constituted the largest supplier of cadmium to Australia, accounting for a 53% share of total imports. Moreover, cadmium imports from Germany exceeded the figures recorded by the second-largest supplier, South Korea (X kg), sixfold.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +16.3%.

In value terms, the United States ($X) constituted the largest supplier of cadmium to Australia, comprising 86% of total imports. The second position in the ranking was held by Germany ($X), with a 10% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +21.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.4% per year) and South Korea (-24.6% per year).

Import Prices by Country

In 2021, the average cadmium import price amounted to $X per ton, shrinking by -15.6% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 85%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for South Korea totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+0.0%).

Source: IndexBox Platform

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