India: Market for Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury 2024

Market Size for Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury in India

For the third consecutive year, the Indian market for alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury recorded growth in sales value, which increased by X% to $X in 2022. In general, the total consumption indicated a pronounced 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 increased by X% against 2019 indices. Alkali and rare earth metals consumption peaked in 2022 and is likely to see steady growth in the near future.

Exports of Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury

Exports from India

In 2022, shipments abroad of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, saw a precipitous setback. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, alkali and rare earth metals exports surged to $X in 2022. Over the period under review, exports, however, showed a sharp contraction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for alkali and rare earth metals exports from India, accounting for a X% share of total exports. Moreover, alkali and rare earth metals exports to Turkey exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fourfold. Oman (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Oman (X% per year).

In value terms, Turkey ($X) remains the key foreign market for alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury exports from India, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Turkey totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Oman (X% per year).

Export Prices by Country

In 2022, the average export price for alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price saw a mild setback. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury

Imports into India

In 2022, after two years of growth, there was significant decline in overseas purchases of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury, when their volume decreased by X% to X tons. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2022: its volume 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, imports decreased by X% against 2018 indices. 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 tons, and then reduced in the following year.

In value terms, alkali and rare earth metals imports surged to $X in 2022. Overall, imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest alkali and rare earth metals supplier to India, accounting for a X% share of total imports. Moreover, alkali and rare earth metals imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%.

In value terms, China ($X) constituted the largest supplier of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury to India, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%.

Import Prices by Country

In 2022, the average import price for alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury amounted to $X per ton, rising by X% against the previous year. In general, import price indicated a pronounced increase 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. Based on 2022 figures, alkali and rare earth metals import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for France totaled $X per ton.

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

Source: IndexBox Platform

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