Antimony Oxides Market

The article discusses the increasing global demand for antimony oxides, predicting a positive consumption trend over the next eight years. Analysis of market performance forecasts a growth in market volume and value, with a projected CAGR of +2.4% and +4.8% respectively. Insights into consumption patterns, production volumes, imports, exports, and key players in the industry highlight notable trends and fluctuations observed from 2012 to 2022. Countries such as China, the United States, and France lead in consumption and production, while countries like Bolivia and the Netherlands show impressive growth rates. The article provides valuable data on market size, import/export prices, and future outlook for the global antimony oxides market.

Market Forecast

Driven by increasing demand for antimony oxides worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.4% for the period from 2022 to 2030, which is projected to bring the market volume to 133K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.8% for the period from 2022 to 2030, which is projected to bring the market value to $1.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Antimony Oxides

In 2022, global consumption of antimony oxides rose slightly to 110K tons, with an increase of 4.8% compared with 2021 figures. The total consumption volume increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the consumption volume increased by 6.5% against the previous year. Global consumption peaked in 2022 and is likely to continue growth in the immediate term.

The global antimony oxides market size rose sharply to $879M in 2022, increasing by 14% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (18K tons), the United States (16K tons) and France (12K tons), with a combined 42% share of global consumption. The Netherlands, Belgium, Germany, India, Canada, Taiwan (Chinese), Italy, Bolivia, Japan and Thailand lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the biggest increases were recorded for Bolivia (with a CAGR of +36.7%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest antimony oxides markets worldwide were the United States ($134M), China ($113M) and France ($111M), together accounting for 41% of the global market. Germany, Italy, India, Taiwan (Chinese), Japan, the Netherlands, Belgium, Canada, Bolivia and Thailand lagged somewhat behind, together comprising a further 36%.

Bolivia, with a CAGR of +33.5%, recorded the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of antimony oxides per capita consumption in 2022 were the Netherlands (453 kg per million persons), Belgium (436 kg per million persons) and Bolivia (274 kg per million persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Bolivia (with a CAGR of +34.8%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Antimony Oxides

Global antimony oxides production totaled 99K tons in 2022, flattening at the previous year's figure. The total output volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 2.2%. As a result, production attained the peak volume of 100K tons. From 2021 to 2022, global production growth failed to regain momentum.

In value terms, antimony oxides production reduced modestly to $663M in 2022 estimated in export price. In general, production, however, showed a perceptible slump. The pace of growth appeared the most rapid in 2017 with an increase of 8.1% against the previous year. Global production peaked at $828M in 2012; however, from 2013 to 2022, production failed to regain momentum.

Production By Country

The country with the largest volume of antimony oxides production was China (58K tons), comprising approx. 58% of total volume. Moreover, antimony oxides production in China exceeded the figures recorded by the second-largest producer, France (20K tons), threefold. The third position in this ranking was held by Belgium (11K tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China was relatively modest. In the other countries, the average annual rates were as follows: France (+6.6% per year) and Belgium (+0.4% per year).

Imports

World Imports of Antimony Oxides

In 2022, approx. 86K tons of antimony oxides were imported worldwide; declining by -5.8% on the previous year. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 21%. As a result, imports attained the peak of 92K tons, and then contracted in the following year.

In value terms, antimony oxides imports soared to $818M in 2022. Overall, total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +102.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 72% against the previous year. Global imports peaked in 2022 and are likely to continue growth in the near future.

Imports By Country

In 2022, the United States (20K tons), distantly followed by the Netherlands (9.3K tons), India (4.9K tons), Italy (4.7K tons), Germany (4.6K tons), Japan (4.3K tons), Canada (4.1K tons) and Taiwan (Chinese) (4.1K tons) represented the major importers of antimony oxides, together mixing up 65% of total imports. The following importers - South Korea (3.1K tons), Belgium (2.4K tons), Thailand (2.2K tons), France (1.9K tons) and Turkey (1.8K tons) - together made up 13% of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of antimony oxides. At the same time, the Netherlands (+11.2%), Turkey (+10.1%), India (+9.9%), Thailand (+6.1%), Canada (+5.7%), Italy (+2.9%), Belgium (+2.8%) and France (+1.6%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the world, with a CAGR of +11.2% from 2012-2022. South Korea experienced a relatively flat trend pattern. By contrast, Japan (-1.1%), Taiwan (Chinese) (-1.6%) and Germany (-2.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands, India and Canada increased by +6.6, +3.2 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($198M) constitutes the largest market for imported antimony oxides worldwide, comprising 24% of global imports. The second position in the ranking was taken by Italy ($54M), with a 6.6% share of global imports. It was followed by Germany, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +1.2%. The remaining importing countries recorded the following average annual rates of imports growth: Italy (+3.0% per year) and Germany (-2.5% per year).

Import Prices By Country

In 2022, the average antimony oxides import price amounted to $9,463 per ton, surging by 24% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 43%. Global import price peaked at $9,668 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($12,276 per ton), while the Netherlands ($3,567 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 (+1.4%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Antimony Oxides

Global antimony oxides exports declined to 75K tons in 2022, which is down by -11.5% against the previous year. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 23%. As a result, the exports reached the peak of 85K tons, and then dropped in the following year.

In value terms, antimony oxides exports stood at $789M in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 93%. The global exports peaked at $790M in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports By Country

In 2022, China (40K tons) represented the main exporter of antimony oxides, constituting 53% of total exports. France (9.5K tons) took the second position in the ranking, followed by Belgium (8.6K tons) and the United States (4.8K tons). All these countries together held approx. 30% share of total exports. The following exporters - Bolivia (2.5K tons), Spain (2K tons) and South Korea (1.9K tons) - each recorded an 8.4% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of antimony oxides. At the same time, South Korea (+11.8%), France (+5.7%), Spain (+4.4%) and Belgium (+1.1%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in the world, with a CAGR of +11.8% from 2012-2022. By contrast, the United States (-2.3%) and Bolivia (-6.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of France and South Korea increased by +5.5 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($423M) remains the largest antimony oxides supplier worldwide, comprising 54% of global exports. The second position in the ranking was held by France ($110M), with a 14% share of global exports. It was followed by Belgium, with a 13% share.

In China, antimony oxides exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: France (+5.7% per year) and Belgium (+0.9% per year).

Export Prices By Country

In 2022, the average antimony oxides export price amounted to $10,467 per ton, increasing by 23% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 57% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the near future.

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 Belgium ($12,384 per ton), while the United States ($4,557 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bolivia (+0.5%), while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform