CIS: Mercury Market 2024

Mercury Market Size in CIS

The CIS mercury market was finally on the rise to reach $X in 2023, after three years of decline. Over the period under review, consumption, however, continues to indicate a pronounced setback. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Mercury Production in CIS

In value terms, mercury production stood at $X in 2023 estimated in export price. In general, production, however, showed a perceptible reduction. The growth pace was the most rapid in 2020 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Mercury Exports

Exports in CIS

Mercury exports was estimated at X tons in 2023, increasing by X% compared with the previous year. Overall, exports enjoyed resilient growth. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, mercury exports expanded significantly to $X in 2023. Over the period under review, exports enjoyed a tangible increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Tajikistan was the key exporter of mercuries in the CIS, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2023. It was distantly followed by Russia (X tons), mixing up a X% share of total exports. Kyrgyzstan (X tons) followed a long way behind the leaders.

Tajikistan was also the fastest-growing in terms of the mercuries exports, with a CAGR of X% from 2012 to 2023. At the same time, Russia (X%) displayed positive paces of growth. By contrast, Kyrgyzstan (X%) illustrated a downward trend over the same period. While the share of Tajikistan (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Russia (X p.p.) and Kyrgyzstan (X p.p.) displayed negative dynamics.

In value terms, Tajikistan ($X) remains the largest mercury supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Tajikistan amounted to X%. In the other countries, the average annual rates were as follows: Russia (X% per year) and Kyrgyzstan (X% per year).

Export Prices by Country

In 2023, the export price in the CIS amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, saw a pronounced slump. The pace of growth appeared the most rapid in 2017 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

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

Mercury Imports

Imports in CIS

Mercury imports skyrocketed to X tons in 2023, increasing by X% compared with 2022 figures. Over the period under review, imports showed a buoyant expansion. The pace of growth was the most pronounced in 2019 when imports increased by X%. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, mercury imports soared to $X in 2023. Overall, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Tajikistan represented the main importer of mercuries in the CIS, with the volume of imports finishing at X tons, which was near X% of total imports in 2023. It was distantly followed by Russia (X tons), creating a X% share of total imports. Kyrgyzstan (X tons) followed a long way behind the leaders.

Tajikistan was also the fastest-growing in terms of the mercuries imports, with a CAGR of X% from 2012 to 2023. At the same time, Russia (X%) displayed positive paces of growth. By contrast, Kyrgyzstan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Tajikistan and Russia increased by X and X percentage points, respectively.

In value terms, Tajikistan ($X) constitutes the largest market for imported mercuries in the CIS, comprising X% of total imports. The second position in the ranking was taken by Russia ($X), with an X% share of total imports.

In Tajikistan, mercury imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Russia (X% per year) and Kyrgyzstan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2023, declining by X% against the previous year. Overall, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 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 Kyrgyzstan ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform