Report Update Nov 1, 2024

Kazakhstan - Rare Earth Metals - Market Analysis, Forecast, Size, Trends and Insights

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Kazakhstan: Rare Earth Metal Market 2024

Rare Earth Metal Market Size in Kazakhstan

In 2021, the Kazakh rare earth metal market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption enjoyed prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Rare Earth Metal Production in Kazakhstan

In value terms, rare earth metal production soared to $X in 2021 estimated in export price. In general, production, however, recorded a deep contraction. Rare earth metal production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Rare Earth Metal Exports

Exports from Kazakhstan

In 2021, exports of rare earth metals from Kazakhstan shrank rapidly to X tons, which is down by -25.2% on the year before. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 181% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, rare earth metal exports contracted sharply to $X in 2021. In general, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2013 when exports increased by 99%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for rare earth metal exports from Kazakhstan, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia was relatively modest.

In value terms, Russia ($X) also remains the key foreign market for rare earth metals exports from Kazakhstan.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia amounted to -17.4%.

Export Prices by Country

The average rare earth metal export price stood at $X per ton in 2021, waning by -17% against the previous year. Overall, the export price faced a deep setback. The pace of growth was the most pronounced in 2020 when the average export price increased by 45%. The export price 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 -17.7% per year.

Rare Earth Metal Imports

Imports into Kazakhstan

In 2021, supplies from abroad of rare earth metals increased by 48% to X tons, rising for the fourth year in a row after four years of decline. In general, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2019 with an increase of 1,617% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, rare earth metal imports soared to $X in 2021. Overall, imports recorded a significant increase. The pace of growth appeared the most rapid in 2019 when imports increased by 409%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) constituted the largest rare earth metal supplier to Kazakhstan, with a 72% share of total imports. Moreover, rare earth metal imports from Russia exceeded the figures recorded by the second-largest supplier, China (X kg), threefold. France (X kg) ranked third in terms of total imports with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia totaled +58.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+98.5% per year) and France (+62.5% per year).

In value terms, Russia ($X) constituted the largest supplier of rare earth metals to Kazakhstan, comprising 76% of total imports. The second position in the ranking was held by China ($X), with an 18% share of total imports. It was followed by France, with a 3.2% share.

From 2012 to 2021, the average annual growth rate of value from Russia amounted to +53.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+55.0% per year) and France (+69.7% per year).

Import Prices by Country

The average rare earth metal import price stood at $X per ton in 2021, picking up by 13% against the previous year. In general, the import price, however, continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2016 when the average import price increased by 61% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Russia ($X per ton) and France ($X per ton), while the price for China ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+5.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rare earth metals in the world?

The country with the largest volume of rare earth metal consumption was China, accounting for 49% of total volume. Moreover, rare earth metal consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fourfold. Malaysia ranked third in terms of total consumption with a 12% share.

What are the largest producers of rare earth metals in the world?

China remains the largest rare earth metal producing country worldwide, accounting for 59% of total volume. Moreover, rare earth metal production in China exceeded the figures recorded by the second-largest producer, the United States, fivefold. The third position in this ranking was occupied by Myanmar, with a 12% share.

What are the leading suppliers of rare earth metals to Kazakhstan?

In value terms, Russia constituted the largest supplier of rare earth metal to Kazakhstan, comprising 91% of total imports. The second position in the ranking was occupied by France $75), with a 3.9% share of total imports. It was followed by the UK, with a 1.8% share.

What are the leading importers of rare earth metals from Kazakhstan?

In value terms, Russia remains the key foreign market for rare earth metal exports from Kazakhstan.

What is the average export price for rare earth metals in Kazakhstan?

The average rare earth metal export price stood at $7,078 per ton in 2021, flattening at the previous year.

What is the average import price for rare earth metals in Kazakhstan?

The average rare earth metal import price stood at $6,076 per ton in 2021, with an increase of 92% against the previous year.

This report provides an in-depth analysis of the rare earth metal market in Kazakhstan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Kazakhstan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kazakhstan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023