Eastern Europe: Rare Earth Metal Market 2025

Rare Earth Metal Market Size in Eastern Europe

The East European rare earth metal market fell to $X in 2021, which is down by -1.6% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Rare Earth Metal Production in Eastern Europe

In value terms, rare earth metal production declined to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 39% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Rare Earth Metal Exports

Exports in Eastern Europe

In 2021, shipments abroad of rare earth metals increased by 576% to X tons, rising for the fourth consecutive year after two years of decline. In general, exports showed prominent growth. The pace of growth was the most pronounced in 2015 with an increase of 588% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, rare earth metal exports surged to $X in 2021. Overall, exports continue to indicate a measured expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland represented the major exporting country with an export of about X tons, which accounted for 62% of total exports. It was distantly followed by Russia (X tons), committing a 37% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Poland (with a CAGR of +114.2%).

In value terms, Russia ($X) remains the largest rare earth metal supplier in Eastern Europe, comprising 97% of total exports. The second position in the ranking was taken by Poland ($X), with a 2.3% share of total exports.

In Russia, rare earth metal exports expanded at an average annual rate of +30.2% over the period from 2012-2021.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, reducing by -58.7% against the previous year. In general, the export price faced a deep slump. The growth pace was the most rapid in 2016 when the export price increased by 292%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Poland totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-0.4%).

Rare Earth Metal Imports

Imports in Eastern Europe

In 2021, the amount of rare earth metals imported in Eastern Europe skyrocketed to X tons, increasing by 48% against 2020. Overall, imports continue to indicate a notable expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 52% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, rare earth metal imports skyrocketed to $X in 2021. In general, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia represented the main importing country with an import of around X tons, which reached 82% of total imports. Poland (X tons) took a 10% share (based on physical terms) of total imports, which put it in second place, followed by Ukraine (7%).

From 2012 to 2021, average annual rates of growth with regard to rare earth metal imports into Russia stood at +5.3%. At the same time, Poland (+33.3%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +33.3% from 2012-2021. By contrast, Ukraine (-13.7%) illustrated a downward trend over the same period. Russia (+17 p.p.) and Poland (+9.5 p.p.) significantly strengthened its position in terms of the total imports, while Ukraine saw its share reduced by -25.9% from 2012 to 2021, respectively.

In value terms, Russia ($X) constitutes the largest market for imported rare earth metals in Eastern Europe, comprising 90% of total imports. The second position in the ranking was taken by Poland ($X), with a 4.4% share of total imports.

In Russia, rare earth metal imports increased at an average annual rate of +3.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Poland (+23.8% per year) and Ukraine (-19.2% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, picking up by 27% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable setback. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-1.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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