India: Pyrites Market 2022

Pyrites Market Size in India

In 2021, after two years of growth, there was decline in the Indian pyrites market, when its value decreased by -X% to $X. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020, and then declined modestly in the following year.

Pyrites Production in India

In value terms, pyrites production fell modestly to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Pyrites production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Pyrites Exports

Exports from India

In 2021, overseas shipments of pyrites decreased by -X% to X tonnes for the first time since 2015, thus ending a five-year rising trend. In general, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at X tonnes in 2020, and then contracted in the following year.

In value terms, pyrites exports dropped to $X in 2021. Over the period under review, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2020, and then contracted in the following year.

Exports by Country

The Netherlands (X tonnes), Bangladesh (X tonnes) and Saudi Arabia (X tonnes) were the main destinations of pyrites exports from India, together accounting for X% of total exports. These countries were followed by Thailand, South Korea, Turkey and the Philippines, which together accounted for a further X 2012 to 2021, the biggest increases were in Thailand (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Saudi Arabia ($X) and Thailand ($X) were the largest markets for pyrites exported from India worldwide, with a combined X% share of total exports.

Among the main countries of destination, Thailand, with a CAGR of +X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pyrites export price stood at $X per tonne in 2021, approximately reflecting the previous year. Overall, the export price recorded a deep slump. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2021, the highest price was recorded for prices to the Netherlands ($X per tonne) and Saudi Arabia ($X per tonne), while the average price for exports to Turkey ($X per tonne) and Bangladesh ($X per tonne) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Pyrites Imports

Imports into India

For the sixth consecutive year, India recorded growth in overseas purchases of pyrites, which increased by X% to X tonnes in 2021. Overall, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, pyrites imports surged to $X in 2021. Over the period under review, imports showed a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

Turkey (X tonnes), Croatia (X tonnes) and Russia (X tonnes) were the main suppliers of pyrites imports to India, together accounting for X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pyrites suppliers to India were Turkey ($X), Croatia ($X) and Russia ($X), with a combined X% share of total imports.

Among the main suppliers, Russia, with a CAGR of +X%, saw the highest growth rate of 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

In 2021, the average pyrites import price amounted to $X per tonne, remaining stable against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. As a result, import price attained the peak level of $X per tonne. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was China ($X per tonne), while the price for Turkey ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform