South-Eastern Asia: Pyrites Market 2024

Pyrites Market Size in South-Eastern Asia

The Southeast Asian pyrites market rose remarkably to $X in 2022, picking up by 15% against the previous year. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Pyrites Production in South-Eastern Asia

In value terms, pyrites production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 18%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Pyrites Exports

Exports in South-Eastern Asia

Pyrites exports soared to X tons in 2022, growing by 23% on the previous year's figure. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 752% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, pyrites exports soared to $X in 2022. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 1,960%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

In 2022, Lao People's Democratic Republic (X tons) was the key exporter of pyrites, creating 81% of total exports. It was distantly followed by the Philippines (X tons), achieving a 15% share of total exports. Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to pyrites exports from Lao People's Democratic Republic stood at +51.6%. At the same time, the Philippines (+1,171.5%) and Thailand (+41.2%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +1,171.5% from 2012-2022. The Philippines (+15 p.p.) and Lao People's Democratic Republic (+9.3 p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by -2.6% from 2012 to 2022, respectively.

In value terms, Lao People's Democratic Republic ($X) remains the largest pyrites supplier in South-Eastern Asia, comprising 67% of total exports. The second position in the ranking was held by the Philippines ($X), with a 25% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Lao People's Democratic Republic stood at +63.2%. In the other countries, the average annual rates were as follows: the Philippines (+1,291.4% per year) and Thailand (+32.0% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, jumping by 19% against the previous year. Overall, the export price, however, recorded a perceptible slump. The growth pace was the most rapid in 2014 when the export price increased by 142%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, 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 Thailand ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+9.4%), while the other leaders experienced mixed trends in the export price figures.

Pyrites Imports

Imports in South-Eastern Asia

For the sixth consecutive year, South-Eastern Asia recorded growth in supplies from abroad of pyrites, which increased by 44% to X tons in 2022. Over the period under review, imports recorded a strong increase. The most prominent rate of growth was recorded in 2017 when imports increased by 113% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, pyrites imports fell slightly to $X in 2022. In general, imports showed buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 84%. The level of import peaked at $X in 2021, and then dropped in the following year.

Imports by Country

Thailand was the main importing country with an import of around X tons, which amounted to 68% of total imports. It was distantly followed by Indonesia (X tons) and Singapore (X tons), together making up a 28% share of total imports.

Thailand was also the fastest-growing in terms of the pyrites imports, with a CAGR of +34.5% from 2012 to 2022. At the same time, Singapore (+16.7%) and Indonesia (+6.7%) displayed positive paces of growth. Thailand (+51 p.p.) significantly strengthened its position in terms of the total imports, while Indonesia saw its share reduced by -22.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Singapore ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 94% of total imports.

Among the main importing countries, Thailand, with a CAGR of +26.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, declining by -31.1% against the previous year. Over the period under review, the import price showed a noticeable curtailment. The pace of growth was the most pronounced in 2013 when the import price increased by 46% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 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 Singapore ($X per ton), while Thailand ($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 (+1.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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