Japan: Market for Antimony Ores and Concentrates 2024

Market Size for Antimony Ores and Concentrates in Japan

In 2021, the Japanese antimony ore and concentrate market decreased by -13.8% to $X, falling for the fifth consecutive year after two years of growth. Over the period under review, consumption saw a relatively flat trend pattern. Antimony ore and concentrate consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Antimony Ores and Concentrates in Japan

In value terms, antimony ore and concentrate production expanded modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2015 when the production volume increased by 23%. Antimony ore and concentrate production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Exports of Antimony Ores and Concentrates

Exports from Japan

In 2021, overseas shipments of antimony ores and concentrates increased by 81% to X tons, rising for the fourth year in a row after three years of decline. In general, exports showed measured growth. The most prominent rate of growth was recorded in 2018 when exports increased by 207%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, antimony ore and concentrate exports surged to $X in 2021. Overall, exports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2018 when exports increased by 134% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for antimony ore and concentrate exports from Japan, accounting for a 90% share of total exports. Moreover, antimony ore and concentrate exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+5.2% per year) and Indonesia (-30.8% per year).

In value terms, China ($X) remains the key foreign market for antimony ores and concentrates exports from Japan, comprising 97% of total exports. The second position in the ranking was held by Vietnam ($X), with a 1.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China totaled -8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-18.7% per year) and Indonesia (-35.0% per year).

Export Prices by Country

In 2021, the average antimony ore and concentrate export price amounted to $X per ton, with a decrease of -15.2% against the previous year. Over the period under review, the export price faced a abrupt contraction. The most prominent rate of growth was recorded in 2015 an increase of 48% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, 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 Indonesia ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (-6.1%), while the prices for the other major destinations experienced a decline.

Imports of Antimony Ores and Concentrates

Imports into Japan

In 2021, purchases abroad of antimony ores and concentrates decreased by -16.9% to X tons, falling for the second year in a row after seven years of growth. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 236% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, antimony ore and concentrate imports shrank slightly to $X in 2021. Overall, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2017 when imports increased by 276% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

India (X tons), Myanmar (X tons) and Austria (X tons) were the main suppliers of antimony ore and concentrate imports to Japan, together accounting for 99.9% of total imports.

From 2013 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +70.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest antimony ore and concentrate suppliers to Japan were India ($X), Austria ($X) and Myanmar ($X).

Among the main suppliers, Austria, with a CAGR of +57.0%, recorded the highest growth rate of 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 2021, the average antimony ore and concentrate import price amounted to $X per ton, increasing by 19% against the previous year. Overall, the import price, however, continues to indicate a abrupt slump. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by Austria (-2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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