Eastern Europe: Market for Antimony Ores and Concentrates 2024

Market Size for Antimony Ores and Concentrates in Eastern Europe

The East European antimony ore and concentrate market amounted to $X in 2021, rising by 12% against the previous year. In general, consumption saw a strong increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Antimony Ores and Concentrates in Eastern Europe

In value terms, antimony ore and concentrate production surged to $X in 2021 estimated in export price. Over the period under review, production saw buoyant growth. The growth pace was the most rapid in 2018 when the production volume increased by 112%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Antimony Ores and Concentrates

Exports in Eastern Europe

In 2021, shipments abroad of antimony ores and concentrates decreased by -19.7% to X tons, falling for the third year in a row after three years of growth. In general, exports continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 58% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, antimony ore and concentrate exports soared to $X in 2021. Over the period under review, exports saw a perceptible setback. The most prominent rate of growth was recorded in 2017 when exports increased by 94%. 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

The shipments of the one major exporters of antimony ores and concentrates, namely Russia, represented more than two-thirds of total export.

Russia was also the fastest-growing in terms of the antimony ores and concentrates exports, with a CAGR of -1.3% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest antimony ore and concentrate supplier in Eastern Europe.

From 2012 to 2021, the average annual growth rate of value in Russia amounted to -4.9%.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, increasing by 51% against the previous year. Overall, the export price, however, continues to indicate a pronounced setback. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to -3.7% per year.

Imports of Antimony Ores and Concentrates

Imports in Eastern Europe

In 2021, overseas purchases of antimony ores and concentrates were finally on the rise to reach X tons after two years of decline. Overall, imports saw a noticeable expansion. The most prominent rate of growth was recorded in 2017 with an increase of 104%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, antimony ore and concentrate imports soared to $X in 2021. Total imports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +113.0% against 2016 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 75%. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Imports by Country

Ukraine prevails in imports structure, amounting to X tons, which was approx. 88% of total imports in 2021. It was distantly followed by the Czech Republic (X tons), achieving a 9.4% share of total imports. Romania (X tons) held a relatively small share of total imports.

Ukraine was also the fastest-growing in terms of the antimony ores and concentrates imports, with a CAGR of +54.0% from 2012 to 2021. Romania (-4.9%) and the Czech Republic (-17.9%) illustrated a downward trend over the same period. While the share of Ukraine (+86 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Romania (-2.3 p.p.) and the Czech Republic (-59.2 p.p.) displayed negative dynamics.

In value terms, Ukraine ($X) constitutes the largest market for imported antimony ores and concentrates in Eastern Europe, comprising 86% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Ukraine totaled +51.5%. The remaining importing countries recorded the following average annual rates of imports growth: the Czech Republic (-14.8% per year) and Romania (-12.7% per year).

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, growing by 3.2% against the previous year. In general, the import price, however, recorded a mild decrease. The growth pace was the most rapid in 2020 when the import price increased by 29%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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