Eastern Europe: Rare Earth Metal Market 2024

Rare Earth Metal Market Size in Eastern Europe

In 2022, the East European rare earth metal market increased by X% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a noticeable descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Rare Earth Metal Production in Eastern Europe

In value terms, rare earth metal production amounted to $X in 2022 estimated in export price. Overall, production, however, recorded a deep contraction. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Rare Earth Metal Exports

Exports in Eastern Europe

Rare earth metal exports shrank rapidly to X tons in 2022, which is down by X% compared with 2021 figures. In general, exports showed a abrupt downturn. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, rare earth metal exports declined significantly to $X in 2022. Overall, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then fell significantly in the following year.

Exports by Country

In 2022, Estonia (X tons) represented the major exporter of rare earth metals, committing X% of total exports. The Czech Republic (X tons) took the second position in the ranking, followed by Russia (X tons). All these countries together took near X% share of total exports. Ukraine (X kg) took a minor share of total exports.

Exports from Estonia decreased at an average annual rate of X% from 2012 to 2022. At the same time, the Czech Republic (X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Russia (X%) and Ukraine (X%) illustrated a downward trend over the same period. While the share of the Czech Republic (X p.p.) and Russia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Estonia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Estonia ($X) emerged as the largest rare earth metal supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Estonia amounted to X%. In the other countries, the average annual rates were as follows: Russia (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price recorded a pronounced contraction. The growth pace was the most rapid in 2016 an increase of X%. The level of export peaked at $X per ton in 2014; however, from 2015 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 Estonia ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

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

Rare Earth Metal Imports

Imports in Eastern Europe

In 2022, approx. X tons of rare earth metals were imported in Eastern Europe; declining by X% on 2021. In general, imports recorded a noticeable reduction. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then fell markedly in the following year.

In value terms, rare earth metal imports fell notably to $X in 2022. Over the period under review, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Russia dominates imports structure, resulting at X tons, which was near X% of total imports in 2022. Ukraine (X tons), Belarus (X tons) and the Czech Republic (X tons) held a little share of total imports.

Imports into Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Belarus (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, the Czech Republic (X%) and Ukraine (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.) and Belarus (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ukraine (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported rare earth metals in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total imports. It was followed by Ukraine, with a X% share.

In Russia, rare earth metal imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Ukraine (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, surging by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X%. The level of import peaked 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 the Czech Republic ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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