Antimony and Articles Thereof Market

The global market for antimony and articles thereof is expected to experience an upward consumption trend over the next eight years, with a forecasted increase in market volume and value. Consumption of antimony saw a decline in recent years but is expected to rebound. Production, import, and export data show fluctuations in volume and value, with Tajikistan being the largest exporter. The average export price has shown growth over the years, with varying prices by country of origin. Overall, the market is poised for growth in the near future based on current trends.

Market Forecast

Driven by rising demand for antimony and articles thereof worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.5% for the period from 2022 to 2030, which is projected to bring the market volume to 8.9K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.7% for the period from 2022 to 2030, which is projected to bring the market value to $93M (in nominal prices) by the end of 2030.

Consumption

World Consumption of Antimony and Articles Thereof

In 2022, consumption of antimony and articles thereof was finally on the rise to reach 8K tons after four years of decline. Over the period under review, consumption, however, saw a perceptible decline. Over the period under review, global consumption hit record highs at 15K tons in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

The global antimony and articles thereof market size soared to $70M in 2022, increasing by 27% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a perceptible curtailment. Global consumption peaked at $109M in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Canada (1.1K tons), Morocco (1.1K tons) and Myanmar (813 tons), with a combined 38% share of global consumption.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +20.3%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Morocco ($6.5M), Kyrgyzstan ($5.2M) and the United States ($4.6M) constituted the countries with the highest levels of market value in 2022, together accounting for 23% of the global market. The UK, Vietnam, Canada, Myanmar, Tajikistan, Turkey and Malaysia lagged somewhat behind, together comprising a further 32%.

Among the main consuming countries, Canada, with a CAGR of +17.7%, saw the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of antimony and articles thereof per capita consumption in 2022 were Estonia (91 kg per 1000 persons), Tajikistan (57 kg per 1000 persons) and Canada (29 kg per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +19.0%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Antimony and Articles Thereof

After three years of growth, production of antimony and articles thereof decreased by -0.1% to 17K tons in 2022. The total output volume increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 17% against the previous year. As a result, production attained the peak volume of 18K tons. From 2015 to 2022, global production growth remained at a lower figure.

In value terms, antimony and articles thereof production stood at $123M in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 55%. As a result, production reached the peak level of $178M. From 2015 to 2022, global production growth remained at a lower figure.

Production By Country

The country with the largest volume of antimony and articles thereof production was Tajikistan (9.9K tons), comprising approx. 57% of total volume. Moreover, antimony and articles thereof production in Tajikistan exceeded the figures recorded by the second-largest producer, Vietnam (2.2K tons), fourfold. The third position in this ranking was held by Morocco (1.1K tons), with a 6.1% share.

In Tajikistan, antimony and articles thereof production expanded at an average annual rate of +1.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (+0.8% per year) and Morocco (+1.0% per year).

Imports

World Imports of Antimony and Articles Thereof

In 2022, purchases abroad of antimony and articles thereof increased by 115% to 3.9K tons, rising for the second year in a row after two years of decline. Overall, imports posted a buoyant increase. Over the period under review, global imports reached the peak figure at 4.7K tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, antimony and articles thereof imports soared to $29M in 2022. Over the period under review, imports showed moderate growth. The most prominent rate of growth was recorded in 2015 when imports increased by 70% against the previous year. As a result, imports reached the peak of $37M. From 2016 to 2022, the growth of global imports remained at a somewhat lower figure.

Imports By Country

The United States represented the main importer of antimony and articles thereof in the world, with the volume of imports reaching 1.8K tons, which was approx. 46% of total imports in 2022. It was distantly followed by Canada (1.1K tons), committing a 29% share of total imports. The following importers - Mexico (97 tons), the UK (87 tons), Pakistan (76 tons) and Germany (60 tons) - each finished at an 8.2% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the UK (with a CAGR of +32.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($11M) constitutes the largest market for imported antimony and articles thereof worldwide, comprising 39% of global imports. The second position in the ranking was held by Canada ($3.4M), with a 12% share of global imports. It was followed by the UK, with a 6.1% share.

In the United States, antimony and articles thereof imports expanded at an average annual rate of +22.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Canada (+17.1% per year) and the UK (+22.0% per year).

Import Prices By Country

The average antimony and articles thereof import price stood at $7,334 per ton in 2022, declining by -26.5% against the previous year. In general, the import price saw a perceptible reduction. The pace of growth appeared the most rapid in 2019 when the average import price increased by 35% against the previous year. Global import price peaked at $11,177 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($21,112 per ton), while Canada ($2,958 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+3.1%), while the other global leaders experienced mixed trends in the import price figures.

Exports

World Exports of Antimony and Articles Thereof

In 2022, overseas shipments of antimony and articles thereof decreased by -0.6% to 13K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2020 when exports increased by 55%. The global exports peaked at 13K tons in 2021, and then contracted modestly in the following year.

In value terms, antimony and articles thereof exports expanded significantly to $149M in 2022. Overall, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 85%. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports By Country

In 2022, Tajikistan (9.3K tons) was the key exporter of antimony and articles thereof, committing 70% of total exports. Vietnam (1.7K tons) ranks second in terms of the total exports with a 13% share, followed by the United States (8.5%). Bolivia (496 tons) and the UK (371 tons) followed a long way behind the leaders.

Tajikistan was also the fastest-growing in terms of the antimony and articles thereof exports, with a CAGR of +17.6% from 2012 to 2022. At the same time, Vietnam (+16.8%), the UK (+16.4%), the United States (+12.9%) and Bolivia (+3.4%) displayed positive paces of growth. From 2012 to 2022, the share of Tajikistan and Vietnam increased by +21 and +3.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tajikistan ($102M) remains the largest antimony and articles thereof supplier worldwide, comprising 69% of global exports. The second position in the ranking was taken by Vietnam ($26M), with a 17% share of global exports. It was followed by the UK, with a 4.6% share.

In Tajikistan, antimony and articles thereof exports increased at an average annual rate of +24.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (+21.9% per year) and the UK (+17.1% per year).

Export Prices By Country

The average antimony and articles thereof export price stood at $11,212 per ton in 2022, rising by 11% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, antimony and articles thereof export price increased by +59.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 41%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the UK ($18,659 per ton), while the United States ($4,549 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (+6.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform