Southern Asia: Mercury Market 2024

Mercury Market Size in Southern Asia

In 2021, the South Asian mercury market increased by 28% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Mercury Production in Southern Asia

In value terms, mercury production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate strong growth. The pace of growth was the most pronounced in 2016 when the production volume increased by 38% against the previous year. The level of production peaked at $X in 2020, and then fell in the following year.

Mercury Exports

Exports in Southern Asia

In 2021, overseas shipments of mercuries decreased by -18.9% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, showed a tangible expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 207% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, mercury exports reduced to $X in 2021. Over the period under review, exports, however, saw a prominent increase. The growth pace was the most rapid in 2013 when exports increased by 482% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India was the major exporting country with an export of around X tons, which amounted to 73% of total exports. It was distantly followed by Pakistan (X tons), mixing up a 27% share of total exports.

India was also the fastest-growing in terms of the mercuries exports, with a CAGR of +3.0% from 2012 to 2021. Pakistan experienced a relatively flat trend pattern. From 2012 to 2021, the share of India increased by +5.3 percentage points.

In value terms, India ($X) remains the largest mercury supplier in Southern Asia, comprising 77% of total exports. The second position in the ranking was held by Pakistan ($X), with a 23% share of total exports.

In India, mercury exports expanded at an average annual rate of +12.1% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, surging by 15% against the previous year. Overall, the export price continues to indicate resilient growth. The growth pace was the most rapid in 2013 an increase of 90%. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+21.9%).

Mercury Imports

Imports in Southern Asia

In 2021, overseas purchases of mercuries increased by 13% to X tons for the first time since 2016, thus ending a four-year declining trend. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 113% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, mercury imports surged to $X in 2021. Over the period under review, imports, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2018 when imports increased by 86%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India dominates imports structure, reaching X tons, which was near 96% of total imports in 2021. Maldives (X tons) took a minor share of total imports.

India experienced a relatively flat trend pattern with regard to volume of imports of mercuries. At the same time, Maldives (+50.5%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +50.5% from 2012-2021. From 2012 to 2021, the share of India and Maldives increased by +2.8 and +1.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported mercuries in Southern Asia, comprising 98% of total imports. The second position in the ranking was taken by Maldives ($X), with a 0.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in India stood at -3.5%.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, increasing by 17% against the previous year. In general, the import price, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 106% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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 India ($X per ton), while Maldives amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Maldives (+2.8%).

Source: IndexBox Platform

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