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

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Brazil: Rare Earth Metal Market 2024

Rare Earth Metal Market Size in Brazil

In 2021, the Brazilian rare earth metal market increased by 8.8% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption saw a notable expansion. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Rare Earth Metal Production in Brazil

In value terms, rare earth metal production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, saw prominent growth. The growth pace was the most rapid in 2013 with an increase of 164%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Rare Earth Metal Exports

Exports from Brazil

For the fourth year in a row, Brazil recorded growth in shipments abroad of rare earth metals, which increased by 8.7% to X kg in 2020. Over the period under review, exports posted a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 43%. The exports peaked in 2020 and are likely to see gradual growth in years to come.

In value terms, rare earth metal exports declined to $X in 2020. Overall, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by 244% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X kg) was the main destination for rare earth metal exports from Brazil, with a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Thailand was relatively modest.

In value terms, Thailand ($X) emerged as the key foreign market for rare earth metals exports from Brazil.

From 2012 to 2020, the average annual growth rate of value to Thailand was relatively modest.

Export Prices by Country

In 2020, the average rare earth metal export price amounted to $X per ton, falling by -20.8% against the previous year. Overall, the export price, however, enjoyed temperate growth. The most prominent rate of growth was recorded in 2013 an increase of 140% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2020, the export prices failed to regain momentum.

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

From 2012 to 2020, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

Rare Earth Metal Imports

Imports into Brazil

In 2021, the amount of rare earth metals imported into Brazil surged to X tons, with an increase of 143% against 2020. In general, imports, however, showed a abrupt setback. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, rare earth metal imports skyrocketed to $X in 2021. Overall, imports, however, saw a deep reduction. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest rare earth metal supplier to Brazil, with a 84% share of total imports. Moreover, rare earth metal imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold. The third position in this ranking was held by Hong Kong SAR (X tons), with a 3.8% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-2.9% per year) and Hong Kong SAR (+3.7% per year).

In value terms, China ($X) constituted the largest supplier of rare earth metals to Brazil, comprising 75% of total imports. The second position in the ranking was taken by Spain ($X), with a 13% share of total imports. It was followed by Hong Kong SAR, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+1.5% per year) and Hong Kong SAR (-10.4% per year).

Import Prices by Country

The average rare earth metal import price stood at $X per ton in 2021, reducing by -5.7% against the previous year. Over the period under review, the import price showed a abrupt downturn. The growth pace was the most rapid in 2017 when the average import price increased by 23%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 Spain ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+4.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

China remains the largest rare earth metal consuming country worldwide, 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, comprising approx. 59% of total volume. Moreover, rare earth metal production in China exceeded the figures recorded by the second-largest producer, the United States, fivefold. Myanmar ranked third in terms of total production with a 12% share.
In value terms, China constituted the largest supplier of rare earth metal to Brazil, comprising 66% of total imports. The second position in the ranking was occupied by Spain, with a 21% share of total imports. It was followed by Hong Kong SAR, with a 5.5% share.
In 2020, the average rare earth metal export price amounted to $66,600 per ton, shrinking by -20.8% against the previous year.
The average rare earth metal import price stood at $5,150 per ton in 2021, waning by -5.9% against the previous year.

This report provides an in-depth analysis of the rare earth metal market in Brazil. 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:

    • Brazil

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Trade (exports and imports) in Brazil
    • 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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