ASEAN: Market for Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals 2024

Market Size for Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals in ASEAN

The ASEAN compounds of rare-earth metals market totaled $X in 2022, increasing by X% against the previous year. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals in ASEAN

In value terms, compounds of rare-earth metals production rose rapidly to $X in 2022 estimated in export price. The total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals

Exports in ASEAN

After six years of growth, shipments abroad of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals decreased by X% to X tons in 2022. In general, exports, however, recorded significant growth. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then reduced notably in the following year.

In value terms, compounds of rare-earth metals exports expanded to $X in 2022. Overall, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Malaysia (X tons) and Myanmar (X tons) dominates exports structure, together committing X% of total exports. It was distantly followed by Vietnam (X tons), constituting a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest compounds of rare-earth metals supplying countries in ASEAN were Malaysia ($X), Myanmar ($X) and Vietnam ($X), with a combined X% share of total exports.

Among the main exporting countries, Myanmar, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, picking up by X% against the previous year. In general, the export price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals

Imports in ASEAN

For the seventh year in a row, ASEAN recorded growth in supplies from abroad of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals, which increased by X% to X tons in 2022. In general, imports showed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, compounds of rare-earth metals imports surged to $X in 2022. Overall, imports saw a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, the Philippines (X tons) was the major importer of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals, generating X% of total imports. Vietnam (X tons) took the second position in the ranking, distantly followed by Thailand (X tons). All these countries together held near X% share of total imports. Singapore (X tons) held a relatively small share of total imports.

The Philippines was also the fastest-growing in terms of the compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals imports, with a CAGR of X% from 2012 to 2022. At the same time, Thailand (X%) and Vietnam (X%) displayed positive paces of growth. By contrast, Singapore (X%) illustrated a downward trend over the same period. The Philippines (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total imports, while Vietnam and Singapore saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Vietnam ($X) constitutes the largest market for imported compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by the Philippines, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Vietnam stood at X%. In the other countries, the average annual rates were as follows: Thailand (X% per year) and the Philippines (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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