Southern Asia: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Southern Asia

The South Asian ferro-cerium and pyrophoric alloys market amounted to $X in 2021, increasing by 2.4% against the previous year. The market value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Ferro-Cerium And Pyrophoric Alloys in Southern Asia

In value terms, ferro-cerium and pyrophoric alloys production expanded to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 17%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports in Southern Asia

For the third year in a row, Southern Asia recorded decline in shipments abroad of ferro-cerium and pyrophoric alloys, which decreased by -7.2% to X tons in 2021. In general, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 60%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, ferro-cerium and pyrophoric alloys exports declined to $X in 2021. Overall, exports saw a noticeable decline. The most prominent rate of growth was recorded in 2018 with an increase of 53% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

India (X tons) represented roughly 100% of total exports in 2021.

India was also the fastest-growing in terms of the ferro-cerium and pyrophoric alloys exports, with a CAGR of -6.4% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest ferro-cerium and pyrophoric alloys supplier in Southern Asia.

From 2012 to 2021, the average annual growth rate of value in India amounted to -3.4%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2013 when the export price increased by 17% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2020, and then shrank in the following year.

As there is only one major export destination, 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 +3.2% per year.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports in Southern Asia

After two years of decline, supplies from abroad of ferro-cerium and pyrophoric alloys increased by 65% to X tons in 2021. In general, imports showed a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of 147%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, ferro-cerium and pyrophoric alloys imports soared to $X in 2021. Over the period under review, imports recorded a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 149%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tons), distantly followed by Bangladesh (X tons), Maldives (X tons) and Afghanistan (X tons) were the key importers of ferro-cerium and pyrophoric alloys, together achieving 95% of total imports. Pakistan (X tons) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Afghanistan (with a CAGR of +41.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported ferro-cerium and pyrophoric alloys in Southern Asia, comprising 58% of total imports. The second position in the ranking was taken by Maldives ($X), with an 18% share of total imports. It was followed by Bangladesh, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in India amounted to +20.3%. In the other countries, the average annual rates were as follows: Maldives (+9.6% per year) and Bangladesh (+10.8% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, increasing by 6.5% against the previous year. Over the last nine years, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2017 when the import price increased by 18% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

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 Pakistan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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