China: Market for Antimony Ores and Concentrates 2024

Market Size for Antimony Ores and Concentrates in China

In 2021, after five years of decline, there was significant growth in the Chinese antimony ore and concentrate market, when its value increased by 8.5% to $X. Overall, consumption showed a abrupt slump. Antimony ore and concentrate consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Antimony Ores and Concentrates in China

In value terms, antimony ore and concentrate production surged to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt contraction. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Antimony Ores and Concentrates

Exports from China

In 2021, overseas shipments of antimony ores and concentrates increased by 83% to X tons, rising for the fifth consecutive year after two years of decline. Overall, exports saw a remarkable increase. The growth pace was the most rapid in 2014 when exports increased by 102%. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, antimony ore and concentrate exports soared to $X in 2021. In general, exports, however, showed a abrupt slump. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Oman (X tons) was the main destination for antimony ore and concentrate exports from China, accounting for a 75% share of total exports. Moreover, antimony ore and concentrate exports to Oman exceeded the volume sent to the second major destination, Thailand (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume to Oman amounted to +232.1%.

In value terms, Oman ($X) emerged as the key foreign market for antimony ores and concentrates exports from China, comprising 98% of total exports. The second position in the ranking was taken by Thailand ($X), with a 1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Oman amounted to +263.9%.

Export Prices by Country

In 2021, the average antimony ore and concentrate export price amounted to $X per ton, which is down by -17.5% against the previous year. In general, the export price saw a abrupt slump. The pace of growth appeared the most rapid in 2016 an increase of 56%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Thailand stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+77.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Antimony Ores and Concentrates

Imports into China

In 2021, supplies from abroad of antimony ores and concentrates decreased by -21.3% to X tons, falling for the third year in a row after two years of growth. In general, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 75%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, antimony ore and concentrate imports rose sharply to $X in 2021. Overall, imports showed a deep reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 42%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Australia (X tons), Russia (X tons) and Tajikistan (X tons) were the main suppliers of antimony ore and concentrate imports to China, together comprising 79% of total imports. Myanmar lagged somewhat behind, accounting for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Myanmar (with a CAGR of +34.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest antimony ore and concentrate suppliers to China were Australia ($X), Russia ($X) and Tajikistan ($X), together accounting for 92% of total imports. Myanmar lagged somewhat behind, comprising a further 1.5%.

In terms of the main suppliers, Myanmar, with a CAGR of +0.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average antimony ore and concentrate import price stood at $X per ton in 2021, increasing by 35% against the previous year. In general, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, antimony ore and concentrate import price increased by +82.2% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Australia ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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