South-Eastern Asia: Market for Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury 2024

Market Size for Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury in South-Eastern Asia

The Southeast Asian market for alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury soared to $X in 2023, with an increase of X% against the previous year. In general, consumption, however, recorded prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury in South-Eastern Asia

In value terms, alkali and rare earth metals production expanded sharply to $X in 2023 estimated in export price. The total production indicated a buoyant 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, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Exports of Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury

Exports in South-Eastern Asia

In 2023, after two years of growth, there was significant decline in shipments abroad of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury, when their volume decreased by X% to X tons. Overall, exports, however, saw pronounced growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2014 to 2023, the growth of the exports remained at a lower figure.

In value terms, alkali and rare earth metals exports declined to $X in 2023. In general, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The level of export peaked at $X in 2022, and then contracted in the following year.

Exports by Country

Vietnam represented the main exporter of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury in South-Eastern Asia, with the volume of exports reaching X tons, which was near X% of total exports in 2023. It was distantly followed by Thailand (X tons), comprising a X% share of total exports. Singapore (X tons), Indonesia (X tons) and Malaysia (X tons) followed a long way behind the leaders.

Exports from Vietnam increased at an average annual rate of X% from 2012 to 2023. At the same time, Thailand (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Malaysia (X%) and Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Vietnam, Thailand and Indonesia increased by X, X and X percentage points, respectively.

In value terms, the largest alkali and rare earth metals supplying countries in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Indonesia ($X), together accounting for X% of total exports.

Thailand, with a CAGR of X%, saw the highest rates of growth with regard to 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 South-Eastern Asia amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price recorded prominent growth. The growth pace was the most rapid in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure in 2023 and is likely to see steady growth in the immediate term.

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 Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Imports of Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury

Imports in South-Eastern Asia

In 2023, after two years of growth, there was decline in supplies from abroad of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury, when their volume decreased by X% to X tons. Over the period under review, imports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2023, imports remained at a lower figure.

In value terms, alkali and rare earth metals imports contracted to $X in 2023. In general, imports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then reduced in the following year.

Imports by Country

Malaysia was the major importing country with an import of about X tons, which amounted to X% of total imports. It was distantly followed by Vietnam (X tons), generating a X% share of total imports. The following importers - Lao People's Democratic Republic (X tons) and Myanmar (X tons) - each recorded a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to alkali and rare earth metals imports into Malaysia stood at X%. At the same time, Lao People's Democratic Republic (X%), Myanmar (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2023. Malaysia (X p.p.), Vietnam (X p.p.), Lao People's Democratic Republic (X p.p.) and Myanmar (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) constitutes the largest market for imported alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by Lao People's Democratic Republic, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Malaysia stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Lao People's Democratic Republic (X% per year).

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price showed a perceptible slump. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

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 Vietnam ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform