Peru: Market for Antimony Ores and Concentrates 2024

Market Size for Antimony Ores and Concentrates in Peru

In 2022, the Peruvian antimony ore and concentrate market decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption saw a abrupt curtailment. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Antimony Ores and Concentrates in Peru

In value terms, antimony ore and concentrate production contracted to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

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Exports of Antimony Ores and Concentrates

Exports from Peru

In 2022, exports of antimony ores and concentrates from Peru soared to X tons, rising by X% on 2021. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, antimony ore and concentrate exports skyrocketed to $X in 2022. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for antimony ore and concentrate exports from Peru, accounting for a X% share of total exports. Moreover, antimony ore and concentrate exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Bolivia (X% per year).

In value terms, China ($X) remains the key foreign market for antimony ores and concentrates exports from Peru, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Bolivia (X% per year).

Export Prices by Country

In 2022, the average antimony ore and concentrate export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, export price indicated slight growth 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, antimony ore and concentrate export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Bolivia ($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 China (X%), while the prices for the other major destinations experienced a decline.

Imports of Antimony Ores and Concentrates

Imports into Peru

In 2022, the amount of antimony ores and concentrates imported into Peru stood at X kg, remaining stable against the previous year's figure. In general, imports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, antimony ore and concentrate imports amounted to $X in 2022. Overall, imports recorded a slight decline. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United States (X kg) was the main supplier of antimony ore and concentrate to Peru, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled X%.

In value terms, the United States ($X) constituted the largest supplier of antimony ores and concentrates to Peru.

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

Import Prices by Country

The average antimony ore and concentrate import price stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, the import price showed a significant increase. The growth pace was the most rapid in 2020 when the average import price decreased by X%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Source: IndexBox Platform

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