South-Eastern Asia: Cadmium Market 2024

Cadmium Market Size in South-Eastern Asia

After two years of growth, the Southeast Asian cadmium market decreased by -6.8% to $X in 2022. Overall, consumption continues to indicate a pronounced curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Cadmium Production in South-Eastern Asia

In value terms, cadmium production expanded rapidly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 29%. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Cadmium Exports

Exports in South-Eastern Asia

Cadmium exports fell to X tons in 2022, which is down by -5.7% compared with the year before. Over the period under review, exports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2019 when exports increased by 179% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, cadmium exports declined to $X in 2022. In general, exports saw a mild descent. The pace of growth was the most pronounced in 2019 when exports increased by 64%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Malaysia dominates exports structure, reaching X tons, which was near 96% of total exports in 2022. Singapore (X kg) followed a long way behind the leaders.

Malaysia was also the fastest-growing in terms of the cadmium exports, with a CAGR of +12.1% from 2012 to 2022. Singapore (-19.1%) illustrated a downward trend over the same period. Malaysia (+46 p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by -44.2% from 2012 to 2022, respectively.

In value terms, Malaysia ($X) remains the largest cadmium supplier in South-Eastern Asia, comprising 91% of total exports. The second position in the ranking was held by Singapore ($X), with an 8.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Malaysia totaled +4.0%.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. In general, the export price, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when the export price increased by 163% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+2.9%).

Cadmium Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of cadmium decreased by -11.7% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 137%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cadmium imports dropped to $X in 2022. Overall, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2016 when imports increased by 49% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Malaysia prevails in imports structure, accounting for X tons, which was near 90% of total imports in 2022. It was distantly followed by Vietnam (X tons), committing a 5.1% share of total imports. Singapore (X tons) and Indonesia (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to cadmium imports into Malaysia stood at +6.5%. At the same time, Indonesia (+46.7%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +46.7% from 2012-2022. By contrast, Vietnam (-3.3%) and Singapore (-32.0%) illustrated a downward trend over the same period. While the share of Malaysia (+66 p.p.), Indonesia (+2.1 p.p.) and Vietnam (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (-69.7 p.p.) displayed negative dynamics.

In value terms, Malaysia ($X) constitutes the largest market for imported cadmium in South-Eastern Asia, comprising 84% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 6.8% share of total imports. It was followed by Vietnam, with a 4.9% share.

In Malaysia, cadmium imports decreased by an average annual rate of -15.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (+8.4% per year) and Vietnam (-9.7% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, falling by -1.5% against the previous year. Over the period under review, the import price faced a deep slump. The pace of growth appeared the most rapid in 2016 an increase of 81% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-6.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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