CIS: Mercury Market 2024

Mercury Market Size in CIS

The CIS mercury market declined significantly to $X in 2021, which is down by -19.2% against the previous year. Overall, consumption saw a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Mercury Production in CIS

In value terms, mercury production expanded modestly to $X in 2021 estimated in export price. In general, production showed a pronounced setback. The most prominent rate of growth was recorded in 2018 with an increase of 9.2%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Mercury Exports

Exports in CIS

In 2021, the amount of mercuries exported in the CIS skyrocketed to X tons, picking up by 128% compared with 2020 figures. Over the period under review, exports continue to indicate a resilient increase. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, mercury exports soared to $X in 2021. Total exports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -6.1% against 2018 indices. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Tajikistan represented the major exporter of mercuries in the CIS, with the volume of exports recording X tons, which was approx. 82% of total exports in 2021. It was distantly followed by Russia (X tons), mixing up a 17% share of total exports.

Tajikistan was also the fastest-growing in terms of the mercuries exports, with a CAGR of +25.6% from 2012 to 2021. At the same time, Russia (+4.5%) displayed positive paces of growth. While the share of Tajikistan (+54 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Russia (-13.1 p.p.) displayed negative dynamics.

In value terms, Tajikistan ($X) remains the largest mercury supplier in the CIS, comprising 85% of total exports. The second position in the ranking was held by Russia ($X), with a 13% share of total exports.

In Tajikistan, mercury exports expanded at an average annual rate of +25.3% over the period from 2012-2021.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, with a decrease of -9.7% against the previous year. Overall, the export price saw a abrupt descent. The growth pace was the most rapid in 2020 when the export price increased by 16%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Tajikistan ($X per ton), while Russia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tajikistan (-0.2%).

Mercury Imports

Imports in CIS

In 2021, after two years of decline, there was significant growth in overseas purchases of mercuries, when their volume increased by 1,151% to X tons. In general, imports enjoyed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, mercury imports skyrocketed to $X in 2021. Overall, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Tajikistan dominates imports structure, finishing at X tons, which was near 94% of total imports in 2021. The following importers - Kyrgyzstan (X tons) and Russia (X tons) - each accounted for a 6% share of total imports.

Tajikistan was also the fastest-growing in terms of the mercuries imports, with a CAGR of +88.7% from 2012 to 2021. Russia experienced a relatively flat trend pattern. Kyrgyzstan (-23.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Tajikistan increased by +94 percentage points.

In value terms, Tajikistan ($X) constitutes the largest market for imported mercuries in the CIS, comprising 92% of total imports. The second position in the ranking was held by Kyrgyzstan ($X), with a 4.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Tajikistan totaled +80.1%. The remaining importing countries recorded the following average annual rates of imports growth: Kyrgyzstan (-11.4% per year) and Russia (-3.2% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, dropping by -17.4% against the previous year. Over the period under review, the import price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2018 an increase of 24% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2020, and then shrank dramatically in the following year.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Kyrgyzstan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+16.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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