Europe: 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 Europe

The Europe compounds of rare-earth metals market rose to $X in 2022, with an increase of X% against the previous year. The total consumption indicated a strong 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, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs 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 Europe

In value terms, compounds of rare-earth metals production stood at $X in 2022 estimated in export price. The total production indicated a remarkable increase 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 pace of growth was the most pronounced in 2014 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Exports in Europe

In 2022, shipments abroad 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 year in a row after four years of decline. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, compounds of rare-earth metals exports reached $X in 2022. In general, exports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Russia was the key exporter of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals in Europe, with the volume of exports recording X tons, which was near X% of total exports in 2022. The Netherlands (X tons) held the second position in the ranking, followed by Estonia (X tons) and France (X tons). All these countries together held near X% share of total exports.

Exports from Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, the Netherlands (X%) and France (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. By contrast, Estonia (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.), Russia (X p.p.) and France (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Estonia (X p.p.) displayed negative dynamics.

In value terms, France ($X), Estonia ($X) and Russia ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports. These countries were followed by the Netherlands, which accounted for a further X%.

The Netherlands, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price saw a abrupt slump. The pace of growth was the most pronounced in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 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 France ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

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

Imports in Europe

In 2022, purchases abroad 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 three years of decline. In general, imports, however, showed a noticeable contraction. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, compounds of rare-earth metals imports soared to $X in 2022. Over the period under review, imports, however, showed a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of X%. 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

Estonia represented the largest importing country with an import of around X tons, which amounted to X% of total imports. Germany (X tons) ranks second in terms of the total imports with a X% share, followed by France (X%) and the Netherlands (X%). Russia (X tons), Italy (X tons) and Spain (X tons) held a relatively small share of total imports.

Estonia experienced a relatively flat trend pattern with regard to volume of imports of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals. At the same time, Russia (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2022. Spain experienced a relatively flat trend pattern. By contrast, Germany (X%), Italy (X%) and France (X%) illustrated a downward trend over the same period. Estonia (X p.p.) and the Netherlands (X p.p.) significantly strengthened its position in terms of the total imports, while Germany and France saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest compounds of rare-earth metals importing markets in Europe were Germany ($X), France ($X) and Estonia ($X), together comprising X% of total imports. The Netherlands, Spain, Russia and Italy lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Spain ($X per ton), while Estonia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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