Eastern Asia: Market for Antimony Ores and Concentrates 2024

Market Size for Antimony Ores and Concentrates in Eastern Asia

In 2021, the East Asian antimony ore and concentrate market was finally on the rise to reach $X after five years of decline. Overall, consumption recorded a deep setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Antimony Ores and Concentrates in Eastern Asia

In value terms, antimony ore and concentrate production surged to $X in 2021 estimated in export price. In general, production faced a abrupt contraction. The level of production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Antimony Ores and Concentrates

Exports in Eastern Asia

In 2021, overseas shipments of antimony ores and concentrates increased by 71% to X tons, rising for the fifth consecutive year after two years of decline. In general, exports continue to indicate a tangible expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, antimony ore and concentrate exports surged to $X in 2021. Overall, exports, however, continue to indicate a abrupt contraction. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China was the key exporter of antimony ores and concentrates in Eastern Asia, with the volume of exports accounting for X tons, which was near 68% of total exports in 2021. It was distantly followed by Japan (X tons), achieving a 25% share of total exports. South Korea (X tons) held a minor share of total exports.

Exports from China increased at an average annual rate of +6.3% from 2012 to 2021. At the same time, South Korea (+101.9%) and Japan (+4.7%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +101.9% from 2012-2021. China (+8.2 p.p.) and South Korea (+4.3 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest antimony ore and concentrate supplier in Eastern Asia, comprising 70% of total exports. The second position in the ranking was held by Japan ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China stood at -6.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-9.3% per year) and South Korea (+53.0% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, falling by -16% against the previous year. Overall, the export price showed a abrupt descent. The pace of growth was the most pronounced in 2016 when the export price increased by 22% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-11.8%), while the other leaders experienced a decline in the export price figures.

Imports of Antimony Ores and Concentrates

Imports in Eastern Asia

In 2021, supplies from abroad of antimony ores and concentrates decreased by -21.9% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of 75%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, antimony ore and concentrate imports expanded significantly to $X in 2021. In general, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 43% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The purchases of the one major importers of antimony ores and concentrates, namely China, represented more than two-thirds of total import.

China was also the fastest-growing in terms of the antimony ores and concentrates imports, with a CAGR of -7.5% from 2012 to 2021. From 2012 to 2021, the share of China decreased by -1.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported antimony ores and concentrates in Eastern Asia.

In China, antimony ore and concentrate imports decreased by an average annual rate of -6.1% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, with an increase of 35% against the previous year. Import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.5% 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 +80.4% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +1.6% per year.

Source: IndexBox Platform

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