Compounds, Inorganic Or Organic, Of Mercury, Chemically Defined As Mercury (Excluding Amalgams) Market

The article provides detailed insights into the global market for compounds of mercury (excluding amalgams), forecasting an increase in consumption trends over the next eight years. Analysis of market performance, consumption volumes, and values, production, imports, and exports trends in various countries such as Russia, the United States, Germany, France, Italy, and more. The article also highlights average import and export prices for these compounds, showcasing trends in pricing over the years.

Market Forecast

Driven by increasing demand for compounds, inorganic or organic, of mercury, chemically defined as mercury (excluding amalgams) worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +4.8% for the period from 2022 to 2030, which is projected to bring the market volume to 885K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.1% for the period from 2022 to 2030, which is projected to bring the market value to $99.7B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Compounds, Inorganic Or Organic, Of Mercury, Chemically Defined As Mercury (Excluding Amalgams)

In 2022, after ten years of growth, there was significant decline in consumption of compounds, inorganic or organic, of mercury, chemically defined as mercury (excluding amalgams), when its volume decreased by -6.2% to 609K tons. Over the period under review, consumption, however, posted a resilient expansion. Over the period under review, global consumption of attained the peak volume at 649K tons in 2021, and then declined in the following year.

The value of the market for compounds, inorganic or organic, of mercury, chemically defined as mercury (excluding amalgams) worldwide amounted to $62B in 2022, stabilizing at 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). In general, consumption, however, showed a significant increase. Over the period under review, the global market reached the peak level in 2022 and is likely to see steady growth in the near future.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Russia (90K tons), the United States (63K tons) and India (47K tons), together accounting for 33% of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of amalgams), amongst the main consuming countries, was attained by Russia (with a CAGR of +19.6%), while amalgams) for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($17.1B) led the market, alone. The second position in the ranking was held by Iran ($5.9B). It was followed by Russia.

In Germany, the market of compounds, inorganic or organic, of mercury, chemically defined as mercury (excluding amalgams) increased at an average annual rate of +51.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Iran (+14.1% per year) and Russia (+18.3% per year).

The countries with the highest levels of compounds, inorganic or organic, of mercury, chemically defined as mercury (excluding amalgams) per capita consumption in 2022 were Russia (628 kg per 1000 persons), Saudi Arabia (342 kg per 1000 persons) and Germany (287 kg per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +19.5%), while amalgams) for the other global leaders experienced more modest paces of growth.

Production

World Production of Compounds, Inorganic Or Organic, Of Mercury, Chemically Defined As Mercury (Excluding Amalgams)

In 2022, production of compounds, inorganic or organic, of mercury, chemically defined as mercury (excluding amalgams) decreased by -6.2% to 606K tons for the first time since 2011, thus ending a ten-year rising trend. Over the period under review, production, however, showed strong growth. The pace of growth appeared the most rapid in 2020 with an increase of 29%. Global production peaked at 647K tons in 2021, and then shrank in the following year.

In value terms, production of compounds, inorganic or organic, of mercury, chemically defined as mercury (excluding amalgams) dropped to $51.5B in 2022 estimated in export price. Overall, production, however, showed a significant increase. The growth pace was the most rapid in 2017 when the production volume increased by 67% against the previous year. Global production peaked at $56.1B in 2021, and then declined in the following year.

Production By Country

The countries with the highest volumes of production in 2022 were Russia (90K tons), the United States (63K tons) and India (47K tons), with a combined 33% share of global production. Japan, Indonesia, Ethiopia, Germany, Turkey, the UK, Iran, France, Italy and Saudi Arabia lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of amalgams), amongst the leading producing countries, was attained by France (with a CAGR of +21.7%), while amalgams) for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Compounds, Inorganic Or Organic, Of Mercury, Chemically Defined As Mercury (Excluding Amalgams)

In 2022, purchases abroad of compounds, inorganic or organic, of mercury, chemically defined as mercury (excluding amalgams) increased by 16% to 2.6K tons, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, showed a deep reduction. Global imports peaked at 4.4K tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of compounds, inorganic or organic, of mercury, chemically defined as mercury (excluding amalgams) rose significantly to $15M in 2022. Overall, imports, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2014 when imports increased by 21% against the previous year. As a result, imports reached the peak of $31M. From 2015 to 2022, the growth of global imports of remained at a lower figure.

Imports By Country

In 2022, France (1.1K tons) and Italy (1K tons) represented the main importers of compounds, inorganic or organic, of mercury, chemically defined as mercury (excluding amalgams)across the globe, together resulting at near 82% of total imports. It was distantly followed by the Czech Republic (278 tons), comprising an 11% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +7.1%), while purchases for the other global leaders experienced a decline in the imports figures.

In value terms, France ($3.8M) constitutes the largest market for imported compounds, inorganic or organic, of mercury, chemically defined as mercury (excluding amalgams) worldwide, comprising 25% of global imports. The second position in the ranking was taken by Italy ($1.1M), with a 7.3% share of global imports.

From 2012 to 2022, the average annual rate of growth in terms of value in France totaled -5.6%. In the other countries, the average annual rates were as follows: Italy (-0.2% per year) and the Czech Republic (-1.4% per year).

Import Prices By Country

In 2022, the average import price for compounds, inorganic or organic, of mercury, chemically defined as mercury (excluding amalgams) amounted to $5,825 per ton, waning by -6.4% against the previous year. In general, the import price recorded a slight reduction. The pace of growth appeared the most rapid in 2020 an increase of 23%. Global import price peaked at $7,282 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 France ($3,407 per ton), while Italy ($1,086 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.6%), while the other global leaders experienced mixed trends in the import price figures.

Exports

World Exports of Compounds, Inorganic Or Organic, Of Mercury, Chemically Defined As Mercury (Excluding Amalgams)

In 2022, overseas shipments of compounds, inorganic or organic, of mercury, chemically defined as mercury (excluding amalgams) increased by 13% to 481 tons, rising for the second consecutive year after two years of decline. Overall, exports, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2021 when exports increased by 71%. Over the period under review, the global exports of attained the maximum at 759 tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of compounds, inorganic or organic, of mercury, chemically defined as mercury (excluding amalgams) totaled $11M in 2022. In general, exports, however, continue to indicate a noticeable decrease. The pace of growth was the most pronounced in 2017 when exports increased by 24% against the previous year. Over the period under review, the global exports of attained the maximum at $14M in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports By Country

In 2022, Thailand (173 tons), distantly followed by South Africa (113 tons), Norway (55 tons), France (44 tons) and the United States (32 tons) represented the key exporters of compounds, inorganic or organic, of mercury, chemically defined as mercury (excluding amalgams), together committing 87% of total exports. India (18 tons) and Argentina (13 tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +236.2%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Argentina ($2.5M), Thailand ($1.4M) and the United States ($856K) appeared to be the countries with the highest levels of exports in 2022, with a combined 42% share of global exports. India, France, South Africa and Norway lagged somewhat behind, together accounting for a further 10%.

Norway, with a CAGR of +43.6%, 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 global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average export price for compounds, inorganic or organic, of mercury, chemically defined as mercury (excluding amalgams) amounted to $23,310 per ton, which is down by -8.6% against the previous year. In general, the export price, however, posted a tangible increase. The growth pace was the most rapid in 2020 an increase of 103%. As a result, the export price attained the peak level of $44,657 per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Argentina ($201,758 per ton), while Norway ($549 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 (+15.5%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform