Southern Asia: Market for Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals 2024

Market Size for Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals in Southern Asia

The South Asian compounds of rare-earth metals market rose notably to $X in 2022, surging by X% against the previous year. The total consumption indicated a strong 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 decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals in Southern Asia

In value terms, compounds of rare-earth metals production totaled $X in 2022 estimated in export price. The total production indicated a strong increase 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Exports of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals

Exports in Southern Asia

Compounds of rare-earth metals exports stood at X tons in 2022, growing by X% compared with the year before. In general, exports posted a significant increase. The growth pace was the most rapid in 2017 when exports increased by X%. The volume of export peaked in 2022 and is likely to continue growth in the near future.

In value terms, compounds of rare-earth metals exports soared to $X in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

In 2022, India (X tons) was the largest exporter of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals in Southern Asia, making up X% of total export.

India was also the fastest-growing in terms of the compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals exports, with a CAGR of X% from 2012 to 2022. India (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest compounds of rare-earth metals supplier in Southern Asia.

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

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, increasing by X% against the previous year. Export price indicated a tangible expansion 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, compounds of rare-earth metals export price increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

As there is only one major export destination, the average price level is determined by prices for India.

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

Imports of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals

Imports in Southern Asia

In 2022, compounds of rare-earth metals imports in Southern Asia contracted notably to X tons, with a decrease of X% compared with the year before. Overall, imports, however, saw a noticeable increase. The growth pace was the most rapid in 2017 with an increase of X%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, compounds of rare-earth metals imports dropped dramatically to $X in 2022. In general, imports continue to indicate a mild decrease. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2021, and then declined remarkably in the following year.

Imports by Country

The countries with the highest levels of compounds of rare-earth metals imports in 2022 were India (X tons), together recording X% of total import.

India was also the fastest-growing in terms of the compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals imports, with a CAGR of X% from 2012 to 2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals in Southern Asia.

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

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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