Asia: Mercury Market 2024

Mercury Market Size in Asia

The Asian mercury market declined to $X in 2022, shrinking by X% against the previous year. Overall, consumption, however, recorded a buoyant expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Mercury Production in Asia

In value terms, mercury production fell to $X in 2022 estimated in export price. Overall, production continues to indicate prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Mercury Exports

Exports in Asia

In 2022, overseas shipments of mercuries increased by X% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, exports, however, saw a mild reduction. The growth pace was the most rapid in 2015 with an increase of 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 stood at a somewhat lower figure.

In value terms, mercury exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a deep slump. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Tajikistan (X tons) and the United Arab Emirates (X tons) dominates exports structure, together generating X% of total exports. Japan (X tons) took the next position in the ranking, followed by Vietnam (X tons). All these countries together took near X% share of total exports. Thailand (X tons) and India (X tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Tajikistan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

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

Among the main exporting countries, Tajikistan, with a CAGR of X%, recorded the highest growth rate of 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 Asia stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 Vietnam ($X per ton), while Tajikistan ($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 more modest paces of growth.

Mercury Imports

Imports in Asia

In 2022, the amount of mercuries imported in Asia shrank notably to X tons, dropping by X% compared with the year before. In general, imports recorded a deep slump. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, mercury imports contracted significantly to $X in 2022. Over the period under review, imports faced a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the largest importer of mercuries, constituting X% of total imports. India (X tons) took the second position in the ranking, distantly followed by Vietnam (X tons). All these countries together took near X% share of total imports. The following importers - Oman (X tons), Israel (X tons) and Iran (X tons) - each accounted for a X% share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Oman (X%), Vietnam (X%) and Israel (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, India (X%) and Iran (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Vietnam (X p.p.), India (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total imports, while Iran saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest mercury importing markets in Asia were the United Arab Emirates ($X), India ($X) and Vietnam ($X), together comprising X% of total imports. Iran, Oman and Israel lagged somewhat behind, together accounting for a further X%.

Oman, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Iran ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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