South-Eastern Asia: Rare Earth Metal Market 2024

Rare Earth Metal Market Size in South-Eastern Asia

The Southeast Asian rare earth metal market soared to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption enjoyed a resilient increase. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the near future.

Rare Earth Metal Production in South-Eastern Asia

In value terms, rare earth metal production stood at $X in 2022 estimated in export price. In general, production posted a pronounced increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Rare Earth Metal Exports

Exports in South-Eastern Asia

Rare earth metal exports declined rapidly to X tons in 2022, reducing by X% on the previous year. Total exports indicated a prominent 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, exports decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, rare earth metal exports soared to $X in 2022. In general, exports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Vietnam represented the key exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Thailand (X tons), achieving a X% share of total exports. Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Thailand (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and Malaysia ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to 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 export price in South-Eastern Asia stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price enjoyed a slight increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

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

Rare Earth Metal Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of rare earth metals increased by X% to X tons, rising for the second consecutive year after four years of decline. In general, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, rare earth metal imports soared to $X in 2022. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Malaysia dominates imports structure, recording X tons, which was approx. X% of total imports in 2022. It was distantly followed by Vietnam (X tons), comprising a X% share of total imports. Thailand (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to rare earth metal imports into Malaysia stood at X%. At the same time, Thailand (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. While the share of Malaysia (X p.p.) and Thailand (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Vietnam (X p.p.) displayed negative dynamics.

In value terms, Malaysia ($X) constitutes the largest market for imported rare earth metals in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Malaysia totaled X%. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price, however, posted a perceptible expansion. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped dramatically in the following year.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :