Central Asia: 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 Central Asia

The Central Asian compounds of rare-earth metals market rose remarkably to $X in 2022, growing by X% against the previous year. Over the period under review, consumption showed a buoyant increase. Over the period under review, the market hit record highs 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 Central Asia

In value terms, compounds of rare-earth metals production amounted to $X in 2022 estimated in export price. The total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. The level of production peaked 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 Central Asia

In 2022, the amount of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals exported in Central Asia soared to X tons, increasing by X% compared with the previous year. Overall, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, compounds of rare-earth metals exports surged to $X in 2022. In general, exports saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Kazakhstan (X tons) represented the major exporter of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals in Central Asia, mixing up X% of total export.

Kazakhstan 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. From 2012 to 2022, the share of Kazakhstan increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest compounds of rare-earth metals supplier in Central Asia.

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

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price, however, continues to indicate a pronounced shrinkage. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

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

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

Imports in Central Asia

In 2022, purchases abroad of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports enjoyed a prominent increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, compounds of rare-earth metals imports reduced to $X in 2022. Over the period under review, imports, however, saw a perceptible setback. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Kazakhstan prevails in imports structure, recording X tons, which was approx. X% of total imports in 2022. Mongolia (X tons) followed a long way behind the leaders.

Imports into Kazakhstan increased at an average annual rate of X% from 2012 to 2022. At the same time, Mongolia (X%) displayed positive paces of growth. Moreover, Mongolia emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Mongolia increased by X percentage points.

In value terms, Kazakhstan ($X) constitutes the largest market for imported compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals in Central Asia, comprising X% of total imports. The second position in the ranking was held by Mongolia ($X), with a X% share of total imports.

In Kazakhstan, compounds of rare-earth metals imports contracted by an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price faced a abrupt descent. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mongolia ($X per ton), while Kazakhstan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%).

Source: IndexBox Platform

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