Southern Asia: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Southern Asia

The South Asian ferro-cerium and pyrophoric alloys market rose to $X in 2023, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Ferro-Cerium And Pyrophoric Alloys in Southern Asia

In value terms, ferro-cerium and pyrophoric alloys production amounted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports in Southern Asia

In 2023, overseas shipments of ferro-cerium and pyrophoric alloys increased by X% to X tons, rising for the second year in a row after three years of decline. In general, exports saw a modest increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The volume of export peaked in 2023 and is likely to see steady growth in years to come.

In value terms, ferro-cerium and pyrophoric alloys exports surged to $X in 2023. Overall, exports posted a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India prevails in exports structure, resulting at X tons, which was near X% of total exports in 2023. Sri Lanka (X tons) followed a long way behind the leaders.

Exports from India increased at an average annual rate of X% from 2012 to 2023. At the same time, Sri Lanka (X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Sri Lanka increased by X percentage points.

In value terms, India ($X) remains the largest ferro-cerium and pyrophoric alloys supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a X% share of total exports.

In India, ferro-cerium and pyrophoric alloys exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price saw a prominent increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was India ($X per ton), while Sri Lanka stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%).

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports in Southern Asia

In 2023, the amount of ferro-cerium and pyrophoric alloys imported in Southern Asia shrank to X tons, reducing by X% on the previous year. In general, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

In value terms, ferro-cerium and pyrophoric alloys imports declined sharply to $X in 2023. Overall, imports, however, showed a slight increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then dropped dramatically in the following year.

Imports by Country

Maldives (X tons) and Bangladesh (X tons) prevails in imports structure, together mixing up X% of total imports. India (X tons) took the next position in the ranking, followed by Nepal (X tons). All these countries together took approx. X% share of total imports. Pakistan (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Pakistan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ferro-cerium and pyrophoric alloys importing markets in Southern Asia were Maldives ($X), India ($X) and Bangladesh ($X), together accounting for X% of total imports. Pakistan and Nepal lagged somewhat behind, together accounting for a further X%.

Pakistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2023, the import price in Southern Asia amounted to $X per ton, declining by X% against the previous year. Overall, the import price saw a abrupt downturn. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 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 India ($X per ton), while Nepal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform