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Report Australia - Rare Earth Metals - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Australia - Rare Earth Metals - Market Analysis, Forecast, Size, Trends and Insights

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Australia: Rare Earth Metal Market 2024

Rare Earth Metal Market Size in Australia

In 2021, after two years of decline, there was growth in the Australian rare earth metal market, when its value increased by 0.8% to $X. In general, consumption showed a remarkable increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Rare Earth Metal Production in Australia

In value terms, rare earth metal production rose remarkably to $X in 2021 estimated in export price. Overall, production saw strong growth. The pace of growth was the most pronounced in 2014 when the production volume increased by 172%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Rare Earth Metal Exports

Exports from Australia

Rare earth metal exports from Australia soared to X tons in 2021, picking up by 42% against 2020 figures. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 1,240%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, rare earth metal exports skyrocketed to $X in 2021. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 319% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

Exports by Country

Malaysia (X tons) was the main destination for rare earth metal exports from Australia, accounting for a approx. 99.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia amounted to +48.5%.

In value terms, Malaysia ($X) also remains the key foreign market for rare earth metals exports from Australia.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia amounted to +35.9%.

Export Prices by Country

The average rare earth metal export price stood at $X per ton in 2021, with an increase of 93% against the previous year. Overall, the export price, however, showed a mild slump. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Malaysia amounted to -8.5% per year.

Rare Earth Metal Imports

Imports into Australia

In 2021, purchases abroad of rare earth metals increased by 133% to X kg for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 600% against the previous year. As a result, imports attained the peak of X kg. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, rare earth metal imports surged to $X in 2021. In general, imports continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2016 when imports increased by 1,102%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United States (X kg), China (X kg) and Canada (X kg) were the main suppliers of rare earth metal imports to Australia, together accounting for 71% of total imports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +33.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest rare earth metal suppliers to Australia were China ($X), the United States ($X) and Germany ($X), together comprising 72% of total imports. These countries were followed by the UK, Singapore, Austria and Canada, which together accounted for a further 17%.

In terms of the main suppliers, the UK, with a CAGR of +12.7%, saw the highest growth rate of 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 average rare earth metal import price amounted to $X per ton, dropping by -18% against the previous year. In general, the import price, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2020 an increase of 474% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+33.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of rare earth metal consumption was China, accounting for 49% of total volume. Moreover, rare earth metal consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fourfold. The third position in this ranking was occupied by Malaysia, with a 12% share.
China constituted the country with the largest volume of rare earth metal production, accounting for 59% of total volume. Moreover, rare earth metal production in China exceeded the figures recorded by the second-largest producer, the United States, fivefold. The third position in this ranking was occupied by Myanmar, with a 12% share.
In value terms, the largest rare earth metal suppliers to Australia were the United States, China and Germany, together comprising 80% of total imports. The UK, Austria and Canada lagged somewhat behind, together accounting for a further 16%.
In value terms, Malaysia remains the key foreign market for rare earth metal exports from Australia.
The average rare earth metal export price stood at $16,232 per ton in 2021, falling by -2% against the previous year.
In 2021, the average rare earth metal import price amounted to $128,725 per ton, reducing by -73.6% against the previous year.

This report provides an in-depth analysis of the rare earth metal market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

    Country coverage:

    • Australia

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Trade (exports and imports) in Australia
    • Export and import prices
    • Market trends, drivers and restraints
    • Key market players and their profiles

    Reasons to buy this report:

    • Take advantage of the latest data
    • Find deeper insights into current market developments
    • Discover vital success factors affecting the market

    This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

    In this report, you can find information that helps you to make informed decisions on the following issues:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. How to prepare your business for global expansion

    While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

    1. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS

    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. MARKET STRUCTURE
      3. TRADE BALANCE
      4. PER CAPITA CONSUMPTION
      5. MARKET FORECAST TO 2030

    4. 4. MOST PROMISING PRODUCT

      Finding New Products to Diversify Your Business

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCT
      4. MOST TRADED PRODUCT
      5. MOST PROFITABLE PRODUCT FOR EXPORT

    5. 5. MOST PROMISING SUPPLYING COUNTRIES

      Choosing the Best Countries to Establish Your Sustainable Supply Chain

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES

    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Exports

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS

    7. 7. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE

    8. 8. IMPORTS

      The Largest Import Supplying Countries

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY

    9. 9. EXPORTS

      The Largest Destinations for Exports

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY

    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO

    11. LIST OF TABLES

      1. Key Findings In 2023
      2. Market Volume, In Physical Terms, 2012–2023
      3. Market Value, 2012–2023
      4. Per Capita Consumption In 2012-2023
      5. Imports, In Physical Terms, By Country, 2012–2023
      6. Imports, In Value Terms, By Country, 2012–2023
      7. Import Prices, By Country Of Origin, 2012–2023
      8. Exports, In Physical Terms, By Country, 2012–2023
      9. Exports, In Value Terms, By Country, 2012–2023
      10. Export Prices, By Country Of Destination, 2012–2023

    12. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
      4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
      5. Trade Balance, In Physical Terms, 2012-2023
      6. Trade Balance, In Value Terms, 2012-2023
      7. Per Capita Consumption, 2012-2023
      8. Market Volume Forecast to 2030
      9. Market Value Forecast to 2030
      10. Products: Market Size And Growth, By Type
      11. Products: Average Per Capita Consumption, By Type
      12. Products: Exports And Growth, By Type
      13. Products: Export Prices And Growth, By Type
      14. Production Volume And Growth
      15. Exports And Growth
      16. Export Prices And Growth
      17. Market Size And Growth
      18. Per Capita Consumption
      19. Imports And Growth
      20. Import Prices
      21. Production, In Physical Terms, 2012–2023
      22. Production, In Value Terms, 2012–2023
      23. Imports, In Physical Terms, 2012–2023
      24. Imports, In Value Terms, 2012–2023
      25. Imports, In Physical Terms, By Country, 2023
      26. Imports, In Physical Terms, By Country, 2012–2023
      27. Imports, In Value Terms, By Country, 2012–2023
      28. Import Prices, By Country Of Origin, 2012–2023
      29. Exports, In Physical Terms, 2012–2023
      30. Exports, In Value Terms, 2012–2023
      31. Exports, In Physical Terms, By Country, 2023
      32. Exports, In Physical Terms, By Country, 2012–2023
      33. Exports, In Value Terms, By Country, 2012–2023
      34. Export Prices, By Country Of Destination, 2012–2023

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