CIS: Cadmium Market 2024

Cadmium Market Size in CIS

The CIS cadmium market dropped to $X in 2022, shrinking by -5.3% against the previous year. Over the period under review, consumption showed a strong increase. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Cadmium Production in CIS

In value terms, cadmium production declined to $X in 2022 estimated in export price. In general, production enjoyed perceptible growth. The growth pace was the most rapid in 2018 when the production volume increased by 67%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Cadmium Exports

Exports in CIS

In 2022, approx. X tons of cadmium were exported in the CIS; increasing by 15% on 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 57% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, cadmium exports expanded notably to $X in 2022. Total exports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -8.4% against 2020 indices. The pace of growth appeared the most rapid in 2016 when exports increased by 27%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Kazakhstan was the major exporting country with an export of around X tons, which amounted to 64% of total exports. It was distantly followed by Russia (X tons) and Uzbekistan (X tons), together comprising a 36% share of total exports.

Kazakhstan was also the fastest-growing in terms of the cadmium exports, with a CAGR of +5.9% from 2012 to 2022. Russia (-4.2%) and Uzbekistan (-5.8%) illustrated a downward trend over the same period. Kazakhstan (+26 p.p.) significantly strengthened its position in terms of the total exports, while Uzbekistan and Russia saw its share reduced by -11.2% and -15% from 2012 to 2022, respectively.

In value terms, Kazakhstan ($X) remains the largest cadmium supplier in the CIS, comprising 65% of total exports. The second position in the ranking was taken by Russia ($X), with a 23% share of total exports.

In Kazakhstan, cadmium exports increased at an average annual rate of +7.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (-4.2% per year) and Uzbekistan (-4.5% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, dropping by -4.4% against the previous year. Export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cadmium export price increased by +3.7% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the export price increased by 67% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+1.8%), while the other leaders experienced more modest paces of growth.

Cadmium Imports

Imports in CIS

In 2022, overseas purchases of cadmium increased by 13% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports recorded significant growth. The pace of growth was the most pronounced in 2018 with an increase of 52,414%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cadmium imports skyrocketed to $X in 2022. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 37,406%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Russia (X tons) represented roughly 100% of total imports in 2022.

Russia was also the fastest-growing in terms of the cadmium imports, with a CAGR of +155.9% from 2012 to 2022. From 2012 to 2022, the share of Russia increased by +95 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported cadmium in the CIS.

In Russia, cadmium imports expanded at an average annual rate of +118.2% over the period from 2012-2022.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, growing by 10% against the previous year. Overall, the import price, however, faced a abrupt contraction. The pace of growth was the most pronounced in 2017 an increase of 24%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -14.7% per year.

Source: IndexBox Platform

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