Eastern Asia: Mercury Market 2024

Mercury Market Size in Eastern Asia

The East Asian mercury market contracted to $X in 2023, declining by X% against the previous year. In general, consumption continues to indicate prominent growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Mercury Production in Eastern Asia

In value terms, mercury production shrank to $X in 2023 estimated in export price. Over the period under review, production recorded buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Mercury Exports

Exports in Eastern Asia

In 2023, the amount of mercuries exported in Eastern Asia reduced markedly to X tons, falling by X% on the year before. Overall, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2022 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, mercury exports dropped remarkably to $X in 2023. In general, exports saw a abrupt contraction. The growth pace was the most rapid in 2022 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

Japan prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2023. Hong Kong SAR (X tons) held a relatively small share of total exports.

Japan was also the fastest-growing in terms of the mercuries exports, with a CAGR of X% from 2012 to 2023. Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of Japan (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Hong Kong SAR (X p.p.) displayed negative dynamics.

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

In Japan, mercury exports declined by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat 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 Japan totaled $X per ton.

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

Mercury Imports

Imports in Eastern Asia

In 2023, overseas purchases of mercuries increased by X% to X kg for the first time since 2020, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a sharp decline. The growth pace was the most rapid in 2015 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, mercury imports expanded significantly to $X in 2023. In general, imports, however, continue to indicate a precipitous setback. The pace of growth appeared the most rapid in 2015 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Hong Kong SAR represented the key importer of mercuries in Eastern Asia, with the volume of imports reaching X kg, which was near X% of total imports in 2023. It was distantly followed by South Korea (X kg), generating a X% share of total imports. Democratic People's Republic of Korea (X kg) and Taiwan (Chinese) (X kg) took a relatively small share of total imports.

Imports into Hong Kong SAR decreased at an average annual rate of X% from 2012 to 2023. Taiwan (Chinese) (X%), Democratic People's Republic of Korea (X%) and South Korea (X%) illustrated a downward trend over the same period. South Korea (X p.p.), Democratic People's Republic of Korea (X p.p.) and Taiwan (Chinese) (X p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported mercuries in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Hong Kong SAR stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per ton, which is down by X% against the previous year. In general, the import price showed a slight decline. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

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 Taiwan (Chinese) ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform