South-Eastern Asia: Roasted Iron Pyrites Market 2024

Roasted Iron Pyrites Market Size in South-Eastern Asia

In 2021, the Southeast Asian roasted iron pyrites market increased by 28% to $X, rising for the third year in a row after four years of decline. Overall, consumption recorded a resilient increase. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Roasted Iron Pyrites Production in South-Eastern Asia

In value terms, roasted iron pyrites production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when the production volume increased by 20%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Roasted Iron Pyrites Exports

Exports in South-Eastern Asia

In 2021, shipments abroad of roasted iron pyrites was finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, saw a precipitous slump. The pace of growth appeared the most rapid in 2018 when exports increased by 340% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, roasted iron pyrites exports amounted to $X in 2021. In general, exports, however, recorded a significant contraction. The pace of growth was the most pronounced in 2016 when exports increased by 16,478% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia was the key exporting country with an export of about X tons, which reached 68% of total exports. Singapore (X tons) held the second position in the ranking, followed by Indonesia (X tons). All these countries together took approx. 32% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to roasted iron pyrites exports from Malaysia stood at -27.5%. At the same time, Singapore (+1.9%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +1.9% from 2012-2021. By contrast, Indonesia (-11.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Singapore and Indonesia increased by +17 and +13 percentage points, respectively.

In value terms, Singapore ($X), Malaysia ($X) and Indonesia ($X) appeared to be the countries with the highest levels of exports in 2021.

Singapore, with a CAGR of -9.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, rising by 1.8% against the previous year. Overall, the export price saw mild growth. The growth pace was the most rapid in 2016 when the export price increased by 8,693% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia ($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 (-3.9%), while the other leaders experienced a decline in the export price figures.

Roasted Iron Pyrites Imports

Imports in South-Eastern Asia

In 2021, approx. X tons of roasted iron pyrites were imported in South-Eastern Asia; with an increase of 60% against the previous year's figure. Overall, imports, however, recorded a drastic downturn. The growth pace was the most rapid in 2014 with an increase of 495% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, roasted iron pyrites imports expanded modestly to $X in 2021. In general, imports saw resilient growth. The growth pace was the most rapid in 2014 with an increase of 217% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Vietnam represented the major importing country with an import of around X tons, which accounted for 82% of total imports. It was distantly followed by the Philippines (X tons), constituting a 16% share of total imports.

Vietnam was also the fastest-growing in terms of the roasted iron pyrites imports, with a CAGR of +49.0% from 2012 to 2021. The Philippines (-21.9%) illustrated a downward trend over the same period. While the share of Vietnam (+81 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the Philippines (-61.3 p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) constitutes the largest market for imported roasted iron pyrites in South-Eastern Asia, comprising 96% of total imports. The second position in the ranking was held by the Philippines ($X), with a 3.1% share of total imports.

In Vietnam, roasted iron pyrites imports increased at an average annual rate of +39.1% over the period from 2012-2021.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, with a decrease of -36.3% against the previous year. In general, the import price, however, recorded significant growth. The pace of growth appeared the most rapid in 2013 an increase of 253%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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 Vietnam ($X per ton), while the Philippines stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+18.3%).

Source: IndexBox Platform

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