Europe: Mercury Market 2024

Mercury Market Size in Europe

In 2023, the Europe mercury market was finally on the rise to reach $X for the first time since 2019, thus ending a three-year declining trend. The total consumption indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Mercury Production in Europe

In value terms, mercury production fell slightly to $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Mercury Exports

Exports in Europe

Mercury exports totaled X tons in 2023, rising by X% compared with the year before. In general, exports, however, recorded a precipitous setback. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, mercury exports surged to $X in 2023. Over the period under review, exports, however, faced a abrupt contraction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Russia was the major exporter of mercuries in Europe, with the volume of exports recording X tons, which was approx. X% of total exports in 2023. It was distantly followed by Switzerland (X tons), committing a X% share of total exports.

Russia was also the fastest-growing in terms of the mercuries exports, with a CAGR of X% from 2012 to 2023. Switzerland (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.) and Switzerland (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Russia amounted to X%.

Export Prices by Country

In 2023, the export price in Europe amounted to $X per ton, surging by X% against the previous year. In general, the export price recorded a remarkable increase. The pace of growth was the most pronounced in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2023, the export prices stood at a somewhat 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 Russia ($X per ton), while Switzerland stood at $X per ton.

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

Mercury Imports

Imports in Europe

After three years of decline, purchases abroad of mercuries increased by X% to X tons in 2023. In general, imports, however, showed a noticeable reduction. The volume of import peaked at X tons in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, mercury imports skyrocketed to $X in 2023. Overall, imports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

Switzerland represented the key importing country with an import of about X tons, which finished at X% of total imports. Russia (X tons) ranks second in terms of the total imports with a X% share, followed by Austria (X%). Romania (X tons) followed a long way behind the leaders.

Switzerland was also the fastest-growing in terms of the mercuries imports, with a CAGR of X% from 2012 to 2023. At the same time, Austria (X%), Russia (X%) and Romania (X%) displayed positive paces of growth. From 2012 to 2023, the share of Switzerland, Russia and Austria increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported mercuries in Europe, comprising X% of total imports. The second position in the ranking was held by Austria ($X), with an X% share of total imports. It was followed by Romania, with a X% share.

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

Import Prices by Country

The import price in Europe stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2023, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Russia ($X per ton), while Switzerland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform