Eastern Asia: Pyrites Market 2024

Pyrites Market Size in Eastern Asia

The East Asian pyrites market reached $X in 2023, leveling off at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Pyrites Production in Eastern Asia

In value terms, pyrites production totaled $X in 2023 estimated in export price. The total production indicated notable growth from 2012 to 2023: its value 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2023, production remained at a lower figure.

Pyrites Exports

Exports in Eastern Asia

In 2023, pyrites exports in Eastern Asia surged to X tons, increasing by X% on the previous year. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, pyrites exports skyrocketed to $X in 2023. Total exports indicated modest growth 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 increased by X% against 2021 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2023. It was distantly followed by Hong Kong SAR (X tons), creating a X% share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Hong Kong SAR (X%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2023. Hong Kong SAR (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest pyrites supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in China stood at X%.

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per ton, rising by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2023, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while China stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%).

Pyrites Imports

Imports in Eastern Asia

In 2023, purchases abroad of pyrites decreased by X% to X tons for the first time since 2018, thus ending a four-year rising trend. Overall, imports recorded a perceptible decrease. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, pyrites imports expanded notably to $X in 2023. In general, imports, however, showed perceptible growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports remained at a lower figure.

Imports by Country

China prevails in imports structure, recording X tons, which was approx. X% of total imports in 2023. Japan (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the pyrites imports, with a CAGR of X% from 2012 to 2023. Japan (X%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported pyrites in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports.

In China, pyrites imports expanded at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2023, jumping by X% against the previous year. Import price indicated a strong increase 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, pyrites import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of import peaked in 2023 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while China stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform