Vietnam: Market for Antimony Ores and Concentrates 2024

Market Size for Antimony Ores and Concentrates in Vietnam

In 2021, the Vietnamese antimony ore and concentrate market was finally on the rise to reach $X after three years of decline. In general, consumption, however, continues to indicate a buoyant increase. Antimony ore and concentrate consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Antimony Ores and Concentrates in Vietnam

In value terms, antimony ore and concentrate production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2017 with an increase of 185% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Antimony Ores and Concentrates

Exports from Vietnam

In 2021, shipments abroad of antimony ores and concentrates decreased by -17.5% to X tons, falling for the third year in a row after three years of growth. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 184%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, antimony ore and concentrate exports declined notably to $X in 2021. In general, exports recorded a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of 234% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for antimony ore and concentrate exports from Vietnam, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at -16.2%.

In value terms, China ($X) also remains the key foreign market for antimony ores and concentrates exports from Vietnam.

From 2012 to 2021, the average annual growth rate of value to China stood at -9.8%.

Export Prices by Country

In 2021, the average antimony ore and concentrate export price amounted to $X per ton, dropping by -4.2% against the previous year. Overall, the export price, however, posted a prominent increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 65%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +7.7% per year.

Imports of Antimony Ores and Concentrates

Imports into Vietnam

In 2021, purchases abroad of antimony ores and concentrates decreased by -1.8% to X tons, falling for the fifth consecutive year after five years of growth. Overall, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2013 when imports increased by 378% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, antimony ore and concentrate imports soared to $X in 2021. Over the period under review, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 384%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of antimony ore and concentrate to Vietnam, with a 65% share of total imports. Moreover, antimony ore and concentrate imports from Russia exceeded the figures recorded by the second-largest supplier, Mozambique (X tons), sixfold. China (X tons) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume from Russia amounted to +52.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Mozambique (+44.0% per year) and China (+48.3% per year).

In value terms, Russia ($X) constituted the largest supplier of antimony ores and concentrates to Vietnam, comprising 67% of total imports. The second position in the ranking was taken by Mozambique ($X), with an 11% share of total imports. It was followed by Mexico, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia stood at +44.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Mozambique (+44.0% per year) and Mexico (+37.0% per year).

Import Prices by Country

The average antimony ore and concentrate import price stood at $X per ton in 2021, with an increase of 20% against the previous year. Overall, the import price, however, showed a mild curtailment. The pace of growth appeared the most rapid in 2017 an increase of 62% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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