India: Market for Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals 2025

Market Size for Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals in India

The Indian compounds of rare-earth metals market expanded to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption recorded a strong increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals in India

In value terms, compounds of rare-earth metals production stood at $X in 2022 estimated in export price. Over the period under review, production recorded a buoyant increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals

Exports from India

In 2022, exports of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals from India stood at X tons, with an increase of X% against 2021. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, compounds of rare-earth metals exports skyrocketed to $X in 2022. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Japan (X tons) was the main destination for compounds of rare-earth metals exports from India, accounting for a X% share of total exports. Moreover, compounds of rare-earth metals exports to Japan exceeded the volume sent to the second major destination, China (X tons), sixfold. The third position in this ranking was held by Vietnam (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Vietnam (X% per year).

In value terms, Vietnam ($X) emerged as the key foreign market for compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals exports from India, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and China (X% per year).

Export Prices by Country

The average compounds of rare-earth metals export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price, however, saw a slight reduction. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals

Imports into India

In 2022, imports of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals into India fell remarkably to X tons, waning by X% against the year before. Overall, imports, however, showed a measured expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then declined sharply in the following year.

In value terms, compounds of rare-earth metals imports fell sharply to $X in 2022. Over the period under review, imports continue to indicate a mild curtailment. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then fell remarkably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of compounds of rare-earth metals to India, with a X% share of total imports. Moreover, compounds of rare-earth metals imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), fourfold. South Korea (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

In value terms, China ($X), Japan ($X) and South Korea ($X) appeared to be the largest compounds of rare-earth metals suppliers to India, with a combined X% share of total imports.

Among the main suppliers, South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average compounds of rare-earth metals import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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