CIS: 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 CIS

The CIS compounds of rare-earth metals market stood at $X in 2022, picking up by X% against the previous year. Overall, consumption continues to indicate a prominent expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, compounds of rare-earth metals production rose markedly to $X in 2022 estimated in export price. Over the period under review, production saw a prominent increase. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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

Exports in CIS

In 2022, overseas shipments of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports enjoyed a modest expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, compounds of rare-earth metals exports soared to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Kazakhstan (X tons), achieving a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to compounds of rare-earth metals exports from Russia stood at X%. At the same time, Kazakhstan (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Kazakhstan increased by X percentage points.

In value terms, Russia ($X) remains the largest compounds of rare-earth metals supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia was relatively modest.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price, however, continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Russia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%).

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

Imports in CIS

Compounds of rare-earth metals imports dropped markedly to X tons in 2022, waning by X% compared with the previous year's figure. Overall, imports, however, continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, compounds of rare-earth metals imports declined sharply to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then fell notably in the following year.

Imports by Country

Russia prevails in imports structure, reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Kazakhstan (X tons), creating an X% share of total imports.

Imports into Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Kazakhstan (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. While the share of Kazakhstan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Russia (X p.p.) displayed negative dynamics.

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

In Russia, compounds of rare-earth metals imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price saw a perceptible setback. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2017; however, from 2018 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 Russia ($X per ton), while Kazakhstan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%).

Source: IndexBox Platform

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