Asia: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Asia

The Asian ferro-cerium and pyrophoric alloys market amounted to $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Ferro-Cerium And Pyrophoric Alloys in Asia

In value terms, ferro-cerium and pyrophoric alloys production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports in Asia

In 2022, the amount of ferro-cerium and pyrophoric alloys exported in Asia skyrocketed to X tons, growing by X% compared with the previous year. Over the period under review, exports showed a relatively flat trend pattern. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, ferro-cerium and pyrophoric alloys exports surged to $X in 2022. In general, exports, however, showed a perceptible decline. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) and Turkey (X tons) represented roughly X% of total exports in 2022. Bahrain (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (X%), Malaysia (X%) and India (X%). Thailand (X tons) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Bahrain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest ferro-cerium and pyrophoric alloys supplying countries in Asia were China ($X), Turkey ($X) and Bahrain ($X), together accounting for X% of total exports.

Bahrain, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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

The export price in Asia stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2020 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports in Asia

In 2022, after three years of decline, there was significant growth in overseas purchases of ferro-cerium and pyrophoric alloys, when their volume increased by X% to X tons. In general, imports, however, showed a perceptible shrinkage. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, ferro-cerium and pyrophoric alloys imports shrank to $X in 2022. Over the period under review, imports, however, continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X tons), distantly followed by Kuwait (X tons), Hong Kong SAR (X tons), Israel (X tons), Japan (X tons), Singapore (X tons) and Malaysia (X tons) were the largest importers of ferro-cerium and pyrophoric alloys, together committing X% of total imports. The United Arab Emirates (X tons), Cyprus (X tons), South Korea (X tons), Oman (X tons), Jordan (X tons) and Qatar (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to ferro-cerium and pyrophoric alloys imports into Thailand stood at X%. At the same time, Qatar (X%), Kuwait (X%), South Korea (X%), Oman (X%), Jordan (X%), the United Arab Emirates (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Israel experienced a relatively flat trend pattern. By contrast, Singapore (X%), Cyprus (X%), Japan (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of Kuwait (X p.p.), South Korea (X p.p.), Oman (X p.p.), Malaysia (X p.p.), Israel (X p.p.), Jordan (X p.p.), Qatar (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (X p.p.), Thailand (X p.p.) and Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ferro-cerium and pyrophoric alloys importing markets in Asia were Thailand ($X), Japan ($X) and Kuwait ($X), with a combined X% share of total imports. Hong Kong SAR, Israel, Malaysia, South Korea, Singapore, Cyprus, the United Arab Emirates, Qatar, Oman and Jordan lagged somewhat behind, together accounting for a further X%.

Qatar, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, which is down by X% against the previous year. Import price indicated mild growth from 2012 to 2022: its price 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. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank remarkably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while Kuwait ($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 more modest paces of growth.

Source: IndexBox Platform

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