India - Rare Earth Metals - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRare Earth Metal Price in India - 2023
Contents:
- Rare Earth Metal Price in India (CIF) - 2023
- Rare Earth Metal Price in India (FOB) - 2022
- Rare Earth Metal Imports in India
- Rare Earth Metal Exports in India
Rare Earth Metal Price in India (CIF) - 2023
The average rare earth metal import price stood at $4,659 per ton in July 2023, growing by 44% against the previous month. In general, the import price, however, recorded a mild setback. The growth pace was the most rapid in May 2023 an increase of 86% m-o-m. As a result, import price attained the peak level of $6,800 per ton. From June 2023 to July 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($11,500 per ton), while the price for Mongolia ($3,012 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Japan (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Rare Earth Metal Price in India (FOB) - 2022
In 2022, the average rare earth metal export price amounted to $17,468 per ton, which is down by -3.7% against the previous year. In general, the export price recorded a deep reduction. The pace of growth was the most pronounced in 2013 an increase of 169%. As a result, the export price reached the peak level of $177,350 per ton. From 2014 to 2022, the average 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 Iran ($116,051 per ton), while the average price for exports to Ireland ($5,550 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 Philippines (+97.6%), while the prices for the other major destinations experienced more modest paces of growth.
Rare Earth Metal Imports in India
In 2022, the amount of rare earth metals imported into India reduced rapidly to 613 tons, with a decrease of -23.6% on the year before. Over the period under review, total imports indicated tangible growth from 2019 to 2022: its volume increased at an average annual rate of +4.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 90% against the previous year. As a result, imports reached the peak of 802 tons, and then reduced markedly in the following year.
In value terms, rare earth metal imports contracted notably to $3.1M in 2022. In general, total imports indicated a tangible expansion from 2019 to 2022: its value increased at an average annual rate of +3.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 97%. As a result, imports reached the peak of $4.2M, and then dropped dramatically in the following year.
| Import of Rare Earth Metal in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,539 | 1,841 | 3,685 | 2,546 | 0.1% |
| Japan | 9.0 | 99.4 | 225 | 230 | 194.6% |
| Hong Kong SAR | 140 | 20.6 | 23.6 | 63.3 | -23.2% |
| Others | 105 | 170 | 273 | 284 | 39.3% |
| Total | 2,792 | 2,130 | 4,206 | 3,123 | 3.8% |
Top Suppliers of Rare Earth Metal to India in 2022:
- China (568.9 tons)
- Japan (19.1 tons)
- Hong Kong SAR (10.8 tons)
Rare Earth Metal Exports in India
In 2022, after two years of decline, there was significant growth in overseas shipments of rare earth metals, when their volume increased by 13% to 2.5 tons. In general, exports, however, recorded a dramatic setback.
In value terms, rare earth metal exports rose notably to $44K in 2022. Over the period under review, exports, however, showed a deep slump.
| Export of Rare Earth Metal in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 8.7 | 7.0 | 8.9 | 11.9 | 11.0% |
| Japan | 14.1 | 9.3 | 10.0 | 11.1 | -7.7% |
| United Arab Emirates | 0.7 | 12.0 | 4.7 | 7.0 | 115.4% |
| Bhutan | 20.3 | 0.9 | 3.2 | 6.1 | -33.0% |
| Italy | 3.6 | 2.5 | 2.8 | 3.3 | -2.9% |
| Sri Lanka | 1.3 | 1.0 | 1.3 | 1.8 | 11.5% |
| Ireland | N/A | N/A | N/A | 0.5 | 0% |
| Argentina | N/A | 11.6 | N/A | N/A | 0% |
| Others | 3.7 | 3.3 | 9.6 | 2.4 | -13.4% |
| Total | 52.4 | 47.6 | 40.5 | 44.1 | -5.6% |
Top Export Markets for Rare Earth Metal from India in 2022:
- Nigeria (675.0 kg)
- Japan (631.0 kg)
- United Arab Emirates (465.0 kg)
- Bhutan (456.0 kg)
- Ireland (84.0 kg)
- Italy (82.0 kg)
- Sri Lanka (54.0 kg)
This report provides an in-depth analysis of the rare earth metal market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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
260
This report provides an in-depth analysis of the rare earth metal market in India.
428
This report provides an in-depth analysis of the market for alkali and rare earth metals in India.
559
This report provides an in-depth analysis of the mercury market in India.
1014
This report provides an in-depth analysis of the global rare earth metal market.
623
This report provides an in-depth analysis of the global market for alkali and rare earth metals.
1462
This report provides an in-depth analysis of the global mercury market.
566
This report provides an in-depth analysis of the global mercury market.
260
This report provides an in-depth analysis of the rare earth metal market in India.
428
This report provides an in-depth analysis of the market for alkali and rare earth metals in India.
559
This report provides an in-depth analysis of the mercury market in India.
401
Price of Alkali and Rare Earth Metals fell to $5,310 per ton in March 2023 (CIF, India), a -36.9% month-over-month decrease.
876
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.
1886
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...
1477
In value terms, alkali and alkaline-earth metals exports stood at $X in 2016. In general, alkali and alkaline-earth metals exports continue to indicate a relatively flat trend pattern. Over the per...
1169
In value terms, inorganic and organic compounds of mercury imports amounted to $X in 2016. In general, inorganic and organic compounds of mercury imports continue to indicate a measured deduction. ...
1564
In value terms, inorganic and organic compounds of mercury exports amounted to $X in 2016. Overall, inorganic and organic compounds of mercury exports continue to indicate a slight growth. Global i...
2211
Global mercury trade displayed two very distinct trends over the period under review. From 2007 to 2012, global mercury exports showed robust growth, until the trend suddenly switched in 2013. In 2014, exports fell to below half of the previous year’s
401
Price of Alkali and Rare Earth Metals fell to $5,310 per ton in March 2023 (CIF, India), a -36.9% month-over-month decrease.
876
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.
1886
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...
