South-Eastern Asia: Mercury Market 2024

Mercury Market Size in South-Eastern Asia

The Southeast Asian mercury market totaled $X in 2021, rising by 5.2% against the previous year. Over the period under review, consumption recorded a deep downturn. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Mercury Production in South-Eastern Asia

In value terms, mercury production rose notably to $X in 2021 estimated in export price. Over the period under review, production showed a noticeable contraction. The pace of growth appeared the most rapid in 2013 with an increase of 43% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Mercury Exports

Exports in South-Eastern Asia

In 2021, mercury exports in South-Eastern Asia rose remarkably to X tons, increasing by 10% against the previous year's figure. Overall, exports continue to indicate strong growth. The growth pace was the most rapid in 2013 with an increase of 517%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, mercury exports contracted to $X in 2021. Over the period under review, exports saw buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of 1,671% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Indonesia was the largest exporting country with an export of around X tons, which resulted at 82% of total exports. It was distantly followed by Vietnam (X tons), committing a 16% share of total exports.

Indonesia was also the fastest-growing in terms of the mercuries exports, with a CAGR of +56.3% from 2012 to 2021. At the same time, Vietnam (+15.6%) displayed positive paces of growth. From 2012 to 2021, the share of Indonesia increased by +76 percentage points.

In value terms, Vietnam ($X) remains the largest mercury supplier in South-Eastern Asia, comprising 65% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 32% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Vietnam stood at +23.3%.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, declining by -19.1% against the previous year. In general, the export price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2013 an increase of 187%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+7.7%).

Mercury Imports

Imports in South-Eastern Asia

In 2021, the amount of mercuries imported in South-Eastern Asia rose sharply to X tons, growing by 7.6% compared with the year before. In general, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 when imports increased by 77%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, mercury imports contracted modestly to $X in 2021. Overall, imports, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2018 when imports increased by 113% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Vietnam represented the largest importer of mercuries in South-Eastern Asia, with the volume of imports amounting to X tons, which was approx. 87% of total imports in 2021. It was distantly followed by Malaysia (X tons), making up an 11% share of total imports. Singapore (X tons) held a minor share of total imports.

Vietnam was also the fastest-growing in terms of the mercuries imports, with a CAGR of +36.1% from 2012 to 2021. Malaysia (-18.3%) and Singapore (-38.5%) illustrated a downward trend over the same period. While the share of Vietnam (+85 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Malaysia (-14.7 p.p.) and Singapore (-52.3 p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) constitutes the largest market for imported mercuries in South-Eastern Asia, comprising 80% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 16% share of total imports.

In Vietnam, mercury imports expanded at an average annual rate of +31.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (-21.1% per year) and Singapore (-45.0% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, reducing by -7.4% against the previous year. In general, the import price saw a deep reduction. The most prominent rate of growth was recorded in 2018 an increase of 20%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-3.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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