ASEAN: Pyrites Market 2024

Pyrites Market Size in ASEAN

The ASEAN pyrites market shrank to $X in 2023, which is down by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2022, and then contracted in the following year.

Pyrites Production in ASEAN

In value terms, pyrites production soared to $X in 2023 estimated in export price. In general, production showed a buoyant increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Pyrites Exports

Exports in ASEAN

In 2023, approx. X tons of pyrites were exported in ASEAN; increasing by X% on the year before. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are expected to retain growth in years to come.

In value terms, pyrites exports soared to $X in 2023. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports reached the maximum in 2023 and are expected to retain growth in the near future.

Exports by Country

In 2023, Malaysia (X tons) represented the major exporter of pyrites, achieving X% of total exports. It was distantly followed by Lao People's Democratic Republic (X tons) and the Philippines (X tons), together making up a X% share of total exports.

Exports from Malaysia increased at an average annual rate of X% from 2012 to 2023. At the same time, the Philippines (X%) and Lao People's Democratic Republic (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Malaysia and the Philippines increased by X and X percentage points, respectively.

In value terms, the largest pyrites supplying countries in ASEAN were Lao People's Democratic Republic ($X), Malaysia ($X) and the Philippines ($X), together accounting for X% of total exports.

The Philippines, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price saw a abrupt slump. The pace of growth was the most pronounced in 2014 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (X%), while the other leaders experienced a decline in the export price figures.

Pyrites Imports

Imports in ASEAN

After six years of growth, overseas purchases of pyrites decreased by X% to X tons in 2023. Overall, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2022, and then shrank slightly in the following year.

In value terms, pyrites imports soared to $X in 2023. In general, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports reached the maximum in 2023 and are likely to continue growth in the near future.

Imports by Country

In 2023, Thailand (X tons) was the key importer of pyrites, making up X% of total imports. Singapore (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (X%) and Malaysia (X%).

Imports into Thailand increased at an average annual rate of X% from 2012 to 2023. At the same time, Malaysia (X%), Singapore (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. Thailand (X p.p.), Malaysia (X p.p.) and Singapore (X p.p.) significantly strengthened its position in terms of the total imports, while Indonesia saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the largest pyrites importing markets in ASEAN were Malaysia ($X), Singapore ($X) and Thailand ($X), together accounting for X% of total imports.

Among the main importing countries, Malaysia, 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 leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2023, jumping by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform