Global Bismuth Market Overview
In value terms, bismuth production totaled $342M in 2010 estimated in export prices. The total output value increased at an average annual rate of +3.8% from 2007 to 2010; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2010 with an increase of 14% against the previous year. Over the period under review, global bismuth production attained its peak figure level at $344M in 2008; however, from 2009 to 2010, production failed to regain its momentum.
China (6.2K tonnes) remains the largest bismuth producing country worldwide, accounting for 65% of total volume. Moreover, bismuth production in China exceeded the figures recorded by the second-largest producer, Mexico (1.1K tonnes), fivefold. Kazakhstan (795 tonnes) ranked third in terms of total production with a 8.4% share.
From 2007 to 2010, the average annual rate of growth in terms of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Mexico (+1.6% per year) and Kazakhstan (+1.2% per year).
The global bismuth market revenue amounted to $200M in 2010, rising by 18% 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 +2.4% over the period from 2007 to 2010; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 when the market value increased by 18% year-to-year. In that year, the global bismuth market attained its peak level of $220M. From 2009 to 2010, the growth of the global bismuth market remained at a lower figure.
From 2007 to 2010, the average annual rate of growth in terms of volume in China amounted to +42.1%. The remaining consuming countries recorded the following average annual rates of consumption growth: the U.S. (-21.0% per year) and Germany (+1.3% per year).
In value terms, China ($63M) led the market, alone. The second position in the ranking was occupied by the U.S. ($26M). It was followed by Kazakhstan.
From 2007 to 2010, the average annual growth rate of value in China totaled +32.5%. The remaining consuming countries recorded the following average annual rates of market growth: the U.S. (-21.3% per year) and Kazakhstan (+1.0% per year).
The countries with the highest levels of bismuth per capita consumption in 2010 were Kazakhstan (42 kg per 1000 persons), Belgium (41 kg per 1000 persons) and Germany (11 kg per 1000 persons).
From 2007 to 2010, the most notable rate of growth in terms of bismuth per capita consumption, amongst the main consuming countries, was attained by Mexico (+83.4% per year), while bismuth per capita consumption for the other global leaders experienced more modest paces of growth.