Southern Asia: Market for Antimony Ores and Concentrates 2024

Market Size for Antimony Ores and Concentrates in Southern Asia

In 2021, the South Asian antimony ore and concentrate market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption showed a noticeable downturn. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Antimony Ores and Concentrates in Southern Asia

In value terms, antimony ore and concentrate production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 30%. As a result, production reached the peak level of $X, and then fell in the following year.

Exports of Antimony Ores and Concentrates

Exports in Southern Asia

In 2021, after four years of growth, there was significant decline in overseas shipments of antimony ores and concentrates, when their volume decreased by -35.1% to X tons. In general, exports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of 263% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, antimony ore and concentrate exports fell modestly to $X in 2021. Overall, exports, however, recorded a resilient increase. The growth pace was the most rapid in 2014 when exports increased by 404% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India dominates exports structure, amounting to X tons, which was near 97% of total exports in 2021. Pakistan (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the antimony ores and concentrates exports, with a CAGR of +23.8% from 2012 to 2021. Pakistan (-27.4%) illustrated a downward trend over the same period. India (+73 p.p.) significantly strengthened its position in terms of the total exports, while Pakistan saw its share reduced by -73.3% from 2012 to 2021, respectively.

In value terms, India ($X) remains the largest antimony ore and concentrate supplier in Southern Asia, comprising 99% of total exports. The second position in the ranking was held by Pakistan ($X), with a 1.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in India stood at +20.5%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, jumping by 51% against the previous year. Export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the export price increased by 105%. As a result, the export price attained the peak level of $X per ton. From 2015 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 India ($X per ton), while Pakistan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (-0.3%).

Imports of Antimony Ores and Concentrates

Imports in Southern Asia

For the third year in a row, Southern Asia recorded decline in supplies from abroad of antimony ores and concentrates, which decreased by -11.2% to X tons in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 70%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, antimony ore and concentrate imports surged to $X in 2021. Overall, imports recorded a pronounced slump. The growth pace was the most rapid in 2018 with an increase of 66%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X tons) was the key importer of antimony ores and concentrates in Southern Asia, achieving 99.9% of total import.

India experienced a relatively flat trend pattern with regard to volume of imports of antimony ores and concentrates. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported antimony ores and concentrates in Southern Asia.

From 2012 to 2021, the average annual growth rate of value in India totaled -4.4%.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, surging by 46% against the previous year. In general, the import price, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2017 an increase of 50% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -5.3% per year.

Source: IndexBox Platform

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