Global Bismuth Market Overview 2021

Bismuth Market Size

In 2020, the global bismuth market decreased by -X% to $X, falling for the second consecutive year after two years of growth. In general, consumption saw a noticeable decrease. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. Global consumption peaked at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Bismuth Production

In value terms, bismuth production shrank modestly to $X in 2020 estimated in export prices. Overall, production showed a perceptible downturn. The pace of growth was the most pronounced in 2011 when the production volume increased by X% year-to-year. Over the period under review, global production reached the maximum level at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Production By Country

China (X tonnes) constituted the country with the largest volume of bismuth production, accounting for X% of total volume. Moreover, bismuth production in China exceeded the figures recorded by the second-largest producer, Mexico (X tonnes), sixfold. Peru (X tonnes) ranked third in terms of total production with a X% share.

In China, bismuth production remained relatively stable over the period from 2007-2020. In the other countries, the average annual rates were as follows: Mexico (+X% per year) and Peru (+X% per year).

Bismuth Exports

Exports

In 2020, after three years of decline, there was growth in overseas shipments of bismuth, when their volume increased by X% to X tonnes. In general, exports, however, continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Global exports peaked at X tonnes in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

In value terms, bismuth exports shrank to $X in 2020. Overall, exports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2010 when exports increased by X% year-to-year. Global exports peaked at $X in 2011; however, from 2012 to 2020, exports remained at a lower figure.

Exports by Country

China represented the main exporting country with an export of about X tonnes, which amounted to X% of total exports. It was distantly followed by South Korea (X tonnes), the U.S. (X tonnes) and Belgium (X tonnes), together achieving a X% share of total exports. Kazakhstan (X tonnes), Peru (X tonnes) and Japan (X tonnes) occupied a little share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of bismuth. At the same time, Japan (+X%), Kazakhstan (+X%), South Korea (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2020. By contrast, Belgium (-X%) and Peru (-X%) illustrated a downward trend over the same period. China (+X p.p.), South Korea (+X p.p.), the U.S. (+X p.p.), Kazakhstan (+X p.p.) and Japan (+X p.p.) significantly strengthened its position in terms of the global exports, while Peru and Belgium saw its share reduced by -X% and -X% from 2007 to 2020, respectively.

In value terms, China ($X) remains the largest bismuth supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global exports. It was followed by South Korea, with a X% share.

In China, bismuth exports plunged by an average annual rate of -X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: the U.S. (+X% per year) and South Korea (+X% per year).

Export Prices by Country

In 2020, the average bismuth export price amounted to $X per tonne, waning by -X% against the previous year. Overall, the export price recorded a abrupt downturn. The pace of growth was the most pronounced in 2011 an increase of X% against the previous year. Global export price peaked at $X per tonne in 2007; however, from 2008 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per tonne), while South Korea ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other global leaders experienced a decline in the export price figures.

Bismuth Imports

Imports

Global bismuth imports totaled X tonnes in 2020, picking up by X% compared with the year before. In general, imports, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Global imports peaked at X tonnes in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

In value terms, bismuth imports contracted markedly to $X in 2020. Over the period under review, imports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2011 when imports increased by X% against the previous year. Over the period under review, global imports attained the maximum at $X in 2007; however, from 2008 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, the U.S. (X tonnes), Hong Kong SAR (X tonnes), Viet Nam (X tonnes), Germany (X tonnes), Belgium (X tonnes), the Netherlands (X tonnes) and China (X tonnes) represented the key importer of bismuth in the world, mixing up X% of total import. France (X tonnes), India (X tonnes), Japan (X tonnes), South Korea (X tonnes), Italy (X tonnes) and the UK (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Viet Nam, while imports for the other global leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), the U.S. ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2020, with a combined X% share of global imports. These countries were followed by Viet Nam, China, Belgium, the Netherlands, South Korea, France, India, Japan, the UK and Italy, which together accounted for a further X the main importing countries, Viet Nam saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average bismuth import price stood at $X per tonne in 2020, falling by -X% against the previous year. In general, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. Global import price peaked at $X per tonne in 2007; however, from 2008 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was South Korea ($X per tonne), while Italy ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Viet Nam, while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bismuth in the world?

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The country with the largest volume of bismuth consumption was China (4.6K tonnes), accounting for 32% of total volume. Moreover, bismuth consumption in China exceeded the figures recorded by the second-largest consumer, Hong Kong SAR (1.4K tonnes), threefold. The third position in this ranking was occupied by Viet Nam (1.3K tonnes), with a 8.8% share.

What are the largest producers of bismuth in the world?

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The country with the largest volume of bismuth production was China (8.3K tonnes), accounting for 67% of total volume. Moreover, bismuth production in China exceeded the figures recorded by the second-largest producer, Mexico (1.3K tonnes), sixfold. Peru (1.3K tonnes) ranked third in terms of total production with a 10% share.

What are the leading exporters of bismuth in the world?

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In value terms, China ($27M) remains the largest bismuth supplier worldwide, comprising 40% of global exports. The second position in the ranking was occupied by the U.S. ($9.6M), with a 14% share of global exports. It was followed by South Korea, with a 8.5% share.

What are the leading importers of bismuth in the world?

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In value terms, the largest bismuth importing markets worldwide were Hong Kong SAR ($11M), the U.S. ($11M) and Germany ($9M), together comprising 38% of global imports. Viet Nam, China, Belgium, the Netherlands, South Korea, France, India, Japan, the UK and Italy lagged somewhat behind, together comprising a further 46%.

What is the average export price for bismuth in the world?

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In 2020, the average bismuth export price amounted to $8,136 per tonne, waning by -11.9% against the previous year.

What is the average import price for bismuth in the world?

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In 2020, the average bismuth import price amounted to $7,789 per tonne, with a decrease of -18.2% against the previous year.