China: Bismuth Market 2024

Bismuth Market Size in China

In 2023, the Chinese bismuth market increased by X% to $X for the first time since 2018, thus ending a four-year declining trend. In general, consumption recorded a strong increase. Bismuth consumption peaked at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Bismuth Production in China

In value terms, bismuth production amounted to $X in 2023 estimated in export price. Overall, production showed a perceptible contraction. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Bismuth Exports

Exports from China

In 2023, shipments abroad of bismuth decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a noticeable reduction. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, bismuth exports contracted remarkably to $X in 2023. In general, exports saw a abrupt descent. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

The United States (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of bismuth exports from China, together comprising X% of total exports. India, Japan, Mexico, Canada, Taiwan (Chinese), Luxembourg, Hong Kong SAR, Belgium and France lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and the Netherlands ($X) were the largest markets for bismuth exported from China worldwide, together accounting for X% of total exports. India, Japan, Mexico, Canada, Taiwan (Chinese), Luxembourg, Hong Kong SAR, Belgium and France lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2023, the average bismuth export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, showed a deep downturn. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2023, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced a decline.

Bismuth Imports

Imports into China

In 2023, purchases abroad of bismuth was finally on the rise to reach X tons after two years of decline. In general, imports showed a moderate increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, bismuth imports amounted to $X in 2023. Over the period under review, imports, however, continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Korea (X tons), Kazakhstan (X tons) and Malaysia (X tons) were the main suppliers of bismuth imports to China, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bismuth suppliers to China were Malaysia ($X), South Korea ($X) and Kazakhstan ($X), together comprising X% of total imports.

Malaysia, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bismuth import price stood at $X per ton in 2023, reducing by X% against the previous year. In general, the import price saw a noticeable slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform