South-Eastern Asia: Cadmium Market 2024

Cadmium Market Size in South-Eastern Asia

The Southeast Asian cadmium market rose sharply to $X in 2022, growing by 7.1% against the previous year. Over the period under review, consumption, however, showed a drastic downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cadmium Production in South-Eastern Asia

In value terms, cadmium production reduced slightly to $X in 2022 estimated in export price. In general, production, however, showed a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 0.8%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Cadmium Exports

Exports in South-Eastern Asia

Cadmium exports shrank rapidly to X tons in 2022, with a decrease of -30.6% on 2021 figures. Overall, exports saw a slight reduction. The pace of growth was the most pronounced in 2017 with an increase of 7,384% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, cadmium exports dropped sharply to $X in 2022. Over the period under review, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2017 when exports increased by 2,503%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia dominates exports structure, recording X tons, which was approx. 95% of total exports in 2022. It was distantly followed by Singapore (X tons), creating a 4.9% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cadmium exports from Malaysia stood at -2.2%. At the same time, Singapore (+5.3%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +5.3% from 2012-2022. From 2012 to 2022, the share of Singapore increased by +2.5 percentage points.

In value terms, Malaysia ($X) remains the largest cadmium supplier in South-Eastern Asia, comprising 81% of total exports. The second position in the ranking was taken by Singapore ($X), with a 19% share of total exports.

In Malaysia, cadmium exports decreased by an average annual rate of -17.6% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, shrinking by -14.5% against the previous year. Overall, the export price recorded a drastic downturn. The growth pace was the most rapid in 2014 an increase of 48% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (-2.7%).

Cadmium Imports

Imports in South-Eastern Asia

In 2022, approx. X tons of cadmium and articles thereof were imported in South-Eastern Asia; declining by -3.4% on 2021. In general, imports saw a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of 632% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, cadmium imports reduced to $X in 2022. Overall, imports saw a precipitous slump. The growth pace was the most rapid in 2017 when imports increased by 1,354% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X tons) represented the largest importer of cadmium and articles thereof, committing 71% of total imports. Vietnam (X tons) held the second position in the ranking, distantly followed by Singapore (X tons). All these countries together held near 26% share of total imports. Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to cadmium imports into Malaysia stood at -10.8%. At the same time, Vietnam (+30.1%) and Indonesia (+1.9%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +30.1% from 2012-2022. By contrast, Singapore (-1.8%) illustrated a downward trend over the same period. Vietnam (+19 p.p.), Singapore (+3 p.p.) and Indonesia (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Malaysia saw its share reduced by -24.1% from 2012 to 2022, respectively.

In value terms, Malaysia ($X) constitutes the largest market for imported cadmium and articles thereof in South-Eastern Asia, comprising 59% of total imports. The second position in the ranking was held by Singapore ($X), with a 13% share of total imports. It was followed by Indonesia, with a 12% share.

In Malaysia, cadmium imports plunged by an average annual rate of -23.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (-16.6% per year) and Indonesia (+4.5% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, reducing by -6.9% against the previous year. Over the period under review, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2017 when the import price increased by 99%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, 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 Indonesia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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