South-Eastern Asia: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in South-Eastern Asia

In 2021, after three years of growth, there was significant decline in the Southeast Asian ferro-cerium and pyrophoric alloys market, when its value decreased by -9.1% to $X. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then fell in the following year.

Production of Ferro-Cerium And Pyrophoric Alloys in South-Eastern Asia

In value terms, ferro-cerium and pyrophoric alloys production fell to $X in 2021 estimated in export price. The total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +32.2% against 2017 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 25% against the previous year. As a result, production attained the peak level of $X, and then reduced in the following year.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports in South-Eastern Asia

In 2021, exports of ferro-cerium and pyrophoric alloys in South-Eastern Asia skyrocketed to X tons, with an increase of 60% against 2020 figures. In general, exports, however, faced a deep slump. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, ferro-cerium and pyrophoric alloys exports amounted to $X in 2021. Over the period under review, exports, however, recorded a abrupt shrinkage. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) and Thailand (X tons) dominates exports structure, together generating 73% of total exports. The Philippines (X tons) ranks next in terms of the total exports with a 9.9% share, followed by Vietnam (9.6%) and Singapore (5.2%). Cambodia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Cambodia (with a CAGR of +46.7%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the Philippines ($X) remains the largest ferro-cerium and pyrophoric alloys supplier in South-Eastern Asia, comprising 71% of total exports. The second position in the ranking was held by Malaysia ($X), with a 19% share of total exports. It was followed by Singapore, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the Philippines amounted to +3.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (-11.8% per year) and Singapore (-25.5% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, dropping by -31.9% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 79%. As a result, the export price attained the peak level of $X per ton, and then fell notably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+7.5%), while the other leaders experienced more modest paces of growth.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports in South-Eastern Asia

After three years of decline, supplies from abroad of ferro-cerium and pyrophoric alloys increased by 114% to X tons in 2021. Overall, imports, however, recorded a abrupt decrease. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, ferro-cerium and pyrophoric alloys imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a slight reduction. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Thailand was the largest importer of ferro-cerium and pyrophoric alloys in South-Eastern Asia, with the volume of imports reaching X tons, which was approx. 51% of total imports in 2021. Malaysia (X tons) took the second position in the ranking, distantly followed by Singapore (X tons). All these countries together took approx. 35% share of total imports. Vietnam (X tons), the Philippines (X tons), Indonesia (X tons) and Lao People's Democratic Republic (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to ferro-cerium and pyrophoric alloys imports into Thailand stood at -14.3%. At the same time, Vietnam (+17.7%) and Malaysia (+3.9%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +17.7% from 2012-2021. The Philippines experienced a relatively flat trend pattern. By contrast, Lao People's Democratic Republic (-2.2%), Singapore (-11.3%) and Indonesia (-12.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Malaysia, Vietnam and the Philippines increased by +18, +4.1 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) constitutes the largest market for imported ferro-cerium and pyrophoric alloys in South-Eastern Asia, comprising 57% of total imports. The second position in the ranking was held by Malaysia ($X), with a 24% share of total imports. It was followed by Indonesia, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the Philippines totaled +16.8%. In the other countries, the average annual rates were as follows: Malaysia (+16.6% per year) and Indonesia (-8.5% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, with a decrease of -27.6% against the previous year. Over the period under review, the import price, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2020 an increase of 66%. As a result, import price reached the peak level of $X per ton, and then fell significantly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Philippines ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+15.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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