South-Eastern Asia: Bismuth Market 2024

Bismuth Market Size in South-Eastern Asia

In 2022, the Southeast Asian bismuth market decreased by X% to $X, falling for the third year in a row after three years of growth. Overall, consumption recorded a abrupt decrease. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Bismuth Production in South-Eastern Asia

In value terms, bismuth production reduced sharply to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Bismuth Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of bismuth increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, bismuth exports rose significantly to $X in 2022. Overall, exports saw significant growth. 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 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam prevails in exports structure, recording X tons, which was approx. X% of total exports in 2022. Lao People's Democratic Republic (X tons) followed a long way behind the leaders.

Vietnam was also the fastest-growing in terms of the bismuth exports, with a CAGR of X% from 2012 to 2022. At the same time, Lao People's Democratic Republic (X%) displayed positive paces of growth. While the share of Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Lao People's Democratic Republic (X p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) remains the largest bismuth supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a X% share of total exports.

In Vietnam, bismuth exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 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 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while Vietnam stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (X%).

Bismuth Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of bismuth decreased by X% to X tons for the first time since 2014, thus ending a seven-year rising trend. Over the period under review, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then declined dramatically in the following year.

In value terms, bismuth imports surged to $X in 2022. Overall, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Vietnam dominates imports structure, recording X tons, which was approx. X% of total imports in 2022. Thailand (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Lao People's Democratic Republic (X%). Malaysia (X tons) took a little share of total imports.

Vietnam was also the fastest-growing in terms of the bismuth imports, with a CAGR of X% from 2012 to 2022. At the same time, Malaysia (X%), Lao People's Democratic Republic (X%) and Thailand (X%) displayed positive paces of growth. While the share of Vietnam (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Lao People's Democratic Republic (X p.p.) and Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported bismuth in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by Lao People's Democratic Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Vietnam amounted to X%. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Lao People's Democratic Republic (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, continues to indicate a noticeable descent. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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