ASEAN: Bismuth Market 2024

Bismuth Market Size in ASEAN

In 2023, the ASEAN bismuth market decreased by X% to $X, falling for the fifth year in a row after three years of growth. In general, consumption, however, saw a deep downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Bismuth Production in ASEAN

In value terms, bismuth production shrank modestly to $X in 2023 estimated in export price. In general, production recorded a sharp contraction. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.

Bismuth Exports

Exports in ASEAN

After two years of growth, shipments abroad of bismuth decreased by X% to X tons in 2023. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2022, and then reduced in the following year.

In value terms, bismuth exports declined to $X in 2023. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

Exports by Country

Vietnam prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2023. Lao People's Democratic Republic (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to bismuth exports from Vietnam stood at X%. At the same time, Lao People's Democratic Republic (X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while Lao People's Democratic Republic saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Vietnam ($X) remains the largest bismuth supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with a X% share of total exports.

In Vietnam, bismuth exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2023, rising by X% against the previous year. In general, the export price saw prominent growth. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2023, the export prices remained at a lower figure.

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 Lao People's Democratic Republic ($X per ton), while Vietnam stood at $X per ton.

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

Bismuth Imports

Imports in ASEAN

In 2023, the amount of bismuth imported in ASEAN totaled X tons, with an increase of X% on the previous year. In general, imports saw perceptible growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, bismuth imports dropped markedly to $X in 2023. Overall, imports posted a resilient increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2022, and then contracted markedly in the following year.

Imports by Country

Vietnam dominates imports structure, resulting at X tons, which was near X% of total imports in 2023. The following importers - Thailand (X tons), Lao People's Democratic Republic (X tons) and Indonesia (X tons) - together made up X% of total imports.

Imports into Vietnam increased at an average annual rate of X% from 2012 to 2023. At the same time, Lao People's Democratic Republic (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Thailand (X%) illustrated a downward trend over the same period. Vietnam (X p.p.) and Lao People's Democratic Republic (X p.p.) significantly strengthened its position in terms of the total imports, while Thailand saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported bismuth in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by Lao People's Democratic Republic, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Vietnam totaled X%. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Lao People's Democratic Republic (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the import price, however, saw buoyant growth. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then contracted notably in the following year.

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

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

Source: IndexBox Platform