Eastern Asia: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Eastern Asia

The East Asian ferro-cerium and pyrophoric alloys market declined to $X in 2021, waning by -6.6% against the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Ferro-Cerium And Pyrophoric Alloys in Eastern Asia

In value terms, ferro-cerium and pyrophoric alloys production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 20%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports in Eastern Asia

In 2021, ferro-cerium and pyrophoric alloys exports in Eastern Asia shrank to X tons, waning by -6% compared with the previous year. In general, exports saw a abrupt slump. The pace of growth was the most pronounced in 2019 when exports increased by 65% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, ferro-cerium and pyrophoric alloys exports fell to $X in 2021. Overall, exports faced a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by 21% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China dominates exports structure, resulting at X tons, which was approx. 89% of total exports in 2021. It was distantly followed by Japan (X tons), comprising a 7.2% share of total exports. South Korea (X tons) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to ferro-cerium and pyrophoric alloys exports from China stood at -4.0%. At the same time, Japan (+22.7%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +22.7% from 2012-2021. By contrast, South Korea (-21.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and Japan increased by +18 and +6.6 percentage points, respectively.

In value terms, China ($X) remains the largest ferro-cerium and pyrophoric alloys supplier in Eastern Asia, comprising 89% of total exports. The second position in the ranking was held by Japan ($X), with a 5.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China stood at -10.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-12.7% per year) and South Korea (-20.1% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, waning by -7.9% against the previous year. In general, the export price recorded a deep downturn. The pace of growth appeared the most rapid in 2018 an increase of 35%. 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 China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+2.2%), while the other leaders experienced a decline in the export price figures.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports in Eastern Asia

For the third consecutive year, Eastern Asia recorded decline in purchases abroad of ferro-cerium and pyrophoric alloys, which decreased by -18.8% to X tons in 2021. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 47%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, ferro-cerium and pyrophoric alloys imports fell to $X in 2021. Over the period under review, imports recorded a deep downturn. The growth pace was the most rapid in 2017 when imports increased by 19% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Hong Kong SAR (X tons) and Japan (X tons) represented the main importers of ferro-cerium and pyrophoric alloys in 2021, reaching approx. 44% and 39% of total imports, respectively. It was distantly followed by South Korea (X tons), comprising a 10% share of total imports. The following importers - China (X tons), Democratic People's Republic of Korea (X tons) and Taiwan (Chinese) (X tons) - each accounted for a 5.9% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Democratic People's Republic of Korea (with a CAGR of +21.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Hong Kong SAR ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 89% share of total imports.

China, with a CAGR of +27.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, increasing by 9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.8%. The pace of growth appeared the most rapid in 2017 an increase of 31%. The level of import peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Hong Kong SAR ($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 (+10.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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