Eastern Asia: Pyrites Market 2024

Pyrites Market Size in Eastern Asia

The East Asian pyrites market amounted to $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Pyrites Production in Eastern Asia

In value terms, pyrites production reached $X in 2022 estimated in export price. The total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.6% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 40% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Pyrites Exports

Exports in Eastern Asia

Pyrites exports soared to X tons in 2022, jumping by 21% on 2021 figures. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 28% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, pyrites exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a slight decline. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, reaching X tons, which was approx. 98% of total exports in 2022. Democratic People's Republic of Korea (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of pyrites. Democratic People's Republic of Korea (-12.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +5.4 percentage points.

In value terms, China ($X) remains the largest pyrites supplier in Eastern Asia, comprising 95% of total exports. The second position in the ranking was taken by Democratic People's Republic of Korea ($X), with a 4.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China was relatively modest.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, almost unchanged from the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 23% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Democratic People's Republic of Korea ($X per ton), while China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.7%).

Pyrites Imports

Imports in Eastern Asia

In 2022, overseas purchases of pyrites increased by 14% to X tons, rising for the fourth year in a row after four years of decline. Overall, imports, however, continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2014 when imports increased by 148%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, pyrites imports surged to $X in 2022. In general, imports posted temperate growth. The growth pace was the most rapid in 2014 when imports increased by 149%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China prevails in imports structure, finishing at X tons, which was approx. 97% of total imports in 2022. Japan (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the pyrites imports, with a CAGR of -3.0% from 2012 to 2022. Japan (-5.7%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported pyrites in Eastern Asia, comprising 95% of total imports. The second position in the ranking was taken by Japan ($X), with a 3.5% share of total imports.

In China, pyrites imports expanded at an average annual rate of +3.7% over the period from 2012-2022.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, standing approx. at the previous year. Import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pyrites import price increased by +22.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 36%. The level of import peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.9%).

Source: IndexBox Platform

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