China - Rare Earth Metals - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRare Earth Metal Price in China - 2023
Contents:
- Rare Earth Metal Price in China (FOB) - 2022
- Rare Earth Metal Price in China (CIF) - 2022
- Rare Earth Metal Exports in China
- Rare Earth Metal Imports in China
Rare Earth Metal Price in China (FOB) - 2022
In 2022, the average rare earth metal export price amounted to $19,626 per ton, with an increase of 19% against the previous year. Over the period under review, the export price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 40% against the previous year. Over the period under review, the average export prices reached the maximum at $65,676 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($21,828 per ton), while the average price for exports to India ($3,634 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-1.9%), while the prices for the other major destinations experienced a decline.
Rare Earth Metal Price in China (CIF) - 2022
The average rare earth metal import price stood at $190,625 per ton in 2022, jumping by 79% against the previous year. In general, the import price showed a significant increase. The pace of growth appeared the most rapid in 2014 when the average import price increased by 1,073%. As a result, import price attained the peak level of $371,888 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($1,298,119 per ton), while the price for Vietnam ($99,834 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+55.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Rare Earth Metal Exports in China
Rare earth metal exports from China skyrocketed to 20K tons in 2022, with an increase of 112% on the previous year. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, rare earth metal exports surged to $393M in 2022. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Rare Earth Metal in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 87.5 | 56.9 | 105 | 360 | 60.2% |
| United States | 3.7 | 6.1 | 10.8 | 7.5 | 26.6% |
| Netherlands | 5.9 | 4.0 | 6.8 | 3.8 | -13.6% |
| India | 1.6 | 2.0 | 3.2 | 2.5 | 16.0% |
| Italy | 1.5 | 0.7 | 3.3 | 1.7 | 4.3% |
| Canada | 1.1 | 1.0 | 1.3 | 1.3 | 5.7% |
| Spain | 3.0 | 0.6 | 0.6 | 1.1 | -28.4% |
| Others | 11.8 | 9.5 | 24.7 | 14.9 | 8.1% |
| Total | 116 | 80.8 | 156 | 393 | 50.2% |
Top Export Markets for Rare Earth Metal from China in 2022:
- Japan (16.5K tons)
- Netherlands (0.7K tons)
- India (0.7K tons)
- United States (0.5K tons)
- Italy (0.4K tons)
- Canada (0.2K tons)
- Spain (0.2K tons)
Rare Earth Metal Imports in China
After three years of growth, supplies from abroad of rare earth metals decreased by -43% to 113 tons in 2022. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 429%. As a result, imports reached the peak of 199 tons, and then contracted notably in the following year.
In value terms, rare earth metal imports stood at $22M in 2022. In general, imports, however, posted a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 333%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Rare Earth Metal in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | N/A | 0.9 | 17.4 | 10.1 | 235.0% |
| South Korea | 1.4 | 1.5 | 1.8 | 5.2 | 54.9% |
| Japan | N/A | N/A | 0.8 | 4.0 | 400.0% |
| Thailand | N/A | 1.2 | 0.5 | N/A | -58.3% |
| Others | 0.4 | 1.2 | 0.7 | 2.3 | 79.2% |
| Total | 1.8 | 4.9 | 21.1 | 21.6 | 128.9% |
Top Suppliers of Rare Earth Metal to China in 2022:
- Vietnam (101.6 tons)
- Japan (6.0 tons)
- South Korea (4.0 tons)
This report provides an in-depth analysis of the rare earth metal market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
356
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This report provides an in-depth analysis of the rare earth metal market in China.
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This report provides an in-depth analysis of the market for alkali and rare earth metals in China.
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This report provides an in-depth analysis of the mercury market in China.
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The article delves into China's vast influence on the rare earth metal market, revealing its dominance in production and global trade, as well as the implications on the technology and EV sectors.
870
The global demand for rare earths is continuing to increase. Countries remain reliant on China, which currently provides approx. 55% of global rare earth production of 252K tons. Future projects to develop mining facilities in Russia, the U.S., Japan and Australia may yet weaken China's leading market hold. The rare earth mineral market is to accelerate on robustly increasing demand from the microelectronics, electric vehicle, wind power and high-tech industries.
1878
In value terms, alkali and alkaline-earth metals imports amounted to $X in 2016. Overall, it indicated a temperate increase from 2007 to 2016: the total imports value increased at an average annual...
