South-Eastern Asia: Bismuth Market 2022

Bismuth Market Size in South-Eastern Asia

The Southeast Asian bismuth market rose slightly to $X in 2021, with an increase of 2.4% against the previous year. Overall, consumption, however, recorded a abrupt shrinkage. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Bismuth Production in South-Eastern Asia

In value terms, bismuth production surged to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a significant curtailment. The level of production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Bismuth Exports

Exports in South-Eastern Asia

In 2021, after two years of decline, there was significant growth in shipments abroad of bismuth, when their volume increased by 91% to X tons. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 219% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, bismuth exports soared to $X in 2021. Overall, exports saw significant growth. The growth pace was the most rapid in 2015 with an increase of 389%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Vietnam represented the major exporting country with an export of around X tons, which recorded 64% of total exports. It was distantly followed by Lao People's Democratic Republic (X tons) and Thailand (X tons), together generating a 36% share of total exports.

Vietnam was also the fastest-growing in terms of the bismuth exports, with a CAGR of +117.8% from 2012 to 2021. At the same time, Thailand (+19.8%) and Lao People's Democratic Republic (+19.2%) displayed positive paces of growth. While the share of Vietnam (+63 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Thailand (-10.1 p.p.) and Lao People's Democratic Republic (-51.1 p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) remains the largest bismuth supplier in South-Eastern Asia, comprising 81% of total exports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Vietnam stood at +54.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+1.6% per year) and Thailand (+14.1% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, which is down by -24.7% against the previous year. Overall, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2015 when the export price increased by 77%. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Vietnam ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-4.7%), while the other leaders experienced a decline in the export price figures.

Bismuth Imports

Imports in South-Eastern Asia

In 2021, approx. X tons of bismuth were imported in South-Eastern Asia; increasing by 144% on the year before. Over the period under review, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of 231% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, bismuth imports shrank to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 134% against the previous year. The level of import peaked at $X in 2020, and then reduced in the following year.

Imports by Country

Lao People's Democratic Republic represented the largest importing country with an import of around X tons, which accounted for 61% of total imports. It was distantly followed by Vietnam (X tons), creating a 33% share of total imports. Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Lao People's Democratic Republic (with a CAGR of +137.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported bismuth in South-Eastern Asia, comprising 72% of total imports. The second position in the ranking was held by Thailand ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Vietnam totaled +2.1%. In the other countries, the average annual rates were as follows: Thailand (-9.1% per year) and Lao People's Democratic Republic (+53.5% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, waning by -61.3% against the previous year. In general, the import price faced a abrupt decrease. The growth pace was the most rapid in 2017 when the import price increased by 46% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+1.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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