Global Bismuth Market 2024

Bismuth Market Size

In 2022, the global bismuth market increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, saw a pronounced setback. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the global market failed to regain momentum.

Bismuth Production

In value terms, bismuth production contracted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, global production reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Bismuth Exports

Exports

After four years of growth, overseas shipments of bismuth decreased by X% to X tons in 2022. In general, total exports indicated pronounced growth 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 increased by X% against 2017 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then shrank dramatically in the following year.

In value terms, bismuth exports declined remarkably to $X in 2022. Over the period under review, exports recorded a pronounced contraction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the global exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

China represented the largest exporter of bismuth in the world, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. Vietnam (X tons) took the second position in the ranking, followed by the Netherlands (X tons), Belgium (X tons) and South Korea (X tons). All these countries together held approx. X% share of total exports. The United States (X tons) and Germany (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to bismuth exports from China stood at X%. At the same time, Belgium (X%), Vietnam (X%), the Netherlands (X%), South Korea (X%) and Germany (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, the United States (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam, Belgium, the Netherlands and South Korea increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest bismuth supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Vietnam ($X), with an X% share of global exports. It was followed by the Netherlands, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average bismuth export price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price, however, saw a deep slump. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. The global export price peaked at $X per ton in 2014; however, from 2015 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 Germany ($X per ton), while Belgium ($X per ton) was amongst the lowest.

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

Bismuth Imports

Imports

After two years of growth, overseas purchases of bismuth decreased by X% to X tons in 2022. Over the period under review, total imports indicated prominent growth 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. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Global imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, bismuth imports reduced slightly to $X in 2022. In general, imports saw a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Global imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The United States was the largest importing country with an import of around X tons, which amounted to X% of total imports. Germany (X tons) ranks second in terms of the total imports with a X% share, followed by the Netherlands (X%), Belgium (X%) and Vietnam (X%). The following importers - India (X tons), Japan (X tons), Italy (X tons), Brazil (X tons), the UK (X tons), China (X tons), Hong Kong SAR (X tons) and South Korea (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to bismuth imports into the United States stood at X%. At the same time, Vietnam (X%), Belgium (X%), the Netherlands (X%), Italy (X%), India (X%), Brazil (X%), South Korea (X%), Japan (X%) and Germany (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. China experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (X%) and the UK (X%) illustrated a downward trend over the same period. While the share of Belgium (X p.p.), the Netherlands (X p.p.), Vietnam (X p.p.) and the United States (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of China (X p.p.), Hong Kong SAR (X p.p.), the UK (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), Vietnam ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of global imports.

Among the main importing countries, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average bismuth import price amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, saw a abrupt decline. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Belgium ($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 global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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