Eastern Asia: Mercury Market 2024

Mercury Market Size in Eastern Asia

The East Asian mercury market dropped to $X in 2022, reducing by X% against the previous year. In general, consumption showed strong growth. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Mercury Production in Eastern Asia

In value terms, mercury production shrank to $X in 2022 estimated in export price. Overall, production saw a remarkable increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

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Mercury Exports

Exports in Eastern Asia

Mercury exports soared to X tons in 2022, jumping by X% on 2021 figures. In general, exports, however, continue to indicate a deep slump. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, mercury exports soared to $X in 2022. Over the period under review, exports, however, recorded a deep reduction. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Japan (X tons) was the main exporter of mercuries, committing X% of total exports. It was distantly followed by Hong Kong SAR (X tons), achieving a X% share of total exports.

Japan was also the fastest-growing in terms of the mercuries exports, with a CAGR of X% from 2012 to 2022. Hong Kong SAR (X%) illustrated a downward trend over the same period. Japan (X p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Japan ($X) remains the largest mercury supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports.

In Japan, mercury exports decreased by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, saw a abrupt slump. The most prominent rate of growth was recorded 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 remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while Japan stood at $X per ton.

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

Mercury Imports

Imports in Eastern Asia

Mercury imports reduced rapidly to X kg in 2022, dropping by X% on the previous year's figure. Over the period under review, imports saw a dramatic decline. The most prominent rate of growth was recorded in 2015 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, mercury imports contracted dramatically to $X in 2022. In general, imports showed a precipitous decrease. The most prominent rate of growth was recorded in 2015 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Hong Kong SAR was the main importer of mercuries in Eastern Asia, with the volume of imports recording X kg, which was near X% of total imports in 2022. Democratic People's Republic of Korea (X kg) held an X% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (X%) and Taiwan (Chinese) (X%). Japan (X kg) took a minor share of total imports.

Imports into Hong Kong SAR decreased at an average annual rate of X% from 2012 to 2022. At the same time, Japan (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Democratic People's Republic of Korea (X%), South Korea (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. Democratic People's Republic of Korea (X p.p.), South Korea (X p.p.), Taiwan (Chinese) (X p.p.) and Japan (X p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest mercury importing markets in Eastern Asia were Japan ($X), Hong Kong SAR ($X) and South Korea ($X), with a combined X% share of total imports.

Japan, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, jumping by X% against the previous year. In general, the import price saw resilient growth. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X,500 per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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