Asia: Market for Antimony Ores and Concentrates 2024

Market Size for Antimony Ores and Concentrates in Asia

In 2023, the Asian antimony ore and concentrate market increased by X% to $X, rising for the second consecutive year after five years of decline. In general, consumption, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Production of Antimony Ores and Concentrates in Asia

In value terms, antimony ore and concentrate production declined slightly to $X in 2023 estimated in export price. Over the period under review, production, however, saw a deep contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Exports of Antimony Ores and Concentrates

Exports in Asia

In 2023, the amount of antimony ores and concentrates exported in Asia soared to X tons, rising by X% compared with the year before. Over the period under review, exports, however, continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2017 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2018 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, antimony ore and concentrate exports surged to $X in 2023. Total exports indicated a perceptible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, Myanmar (X tons) and Tajikistan (X tons) were the key exporters of antimony ores and concentrates in Asia, together recording near X% of total exports. It was distantly followed by Turkey (X tons) and Thailand (X tons), together comprising a X% share of total exports. The following exporters - Lao People's Democratic Republic (X tons), China (X tons) and India (X tons) - together made up X% of total exports.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest antimony ore and concentrate supplying countries in Asia were Myanmar ($X), Tajikistan ($X) and Turkey ($X), together accounting for X% of total exports. Thailand, India, China and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, with an increase of X% against the previous year. Export price indicated measured growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, antimony ore and concentrate export price decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2023.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Myanmar (X%), while the other leaders experienced more modest paces of growth.

Imports of Antimony Ores and Concentrates

Imports in Asia

In 2023, after four years of decline, there was significant growth in supplies from abroad of antimony ores and concentrates, when their volume increased by X% to X tons. Over the period under review, imports, however, continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, antimony ore and concentrate imports surged to $X in 2023. In general, imports, however, continue to indicate a mild slump. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

China represented the key importing country with an import of about X tons, which amounted to X% of total imports. Vietnam (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by India (X%), Oman (X%) and Thailand (X%).

Imports into China decreased at an average annual rate of X% from 2012 to 2023. At the same time, Oman (X%), Vietnam (X%) and India (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2023. By contrast, Thailand (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.), Oman (X p.p.) and India (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Thailand (X p.p.) and China (X p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported antimony ores and concentrates in Asia, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by India, with a X% share.

In China, antimony ore and concentrate imports contracted by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and India (X% per year).

Import Prices by Country

In 2023, the import price in Asia amounted to $X per ton, reducing by X% against the previous year. Import price indicated pronounced growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2022, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform