Cadmium Market Report: Production, Consumption, Trade and Forecast to 2030

IndexBox, Inc.

Companies mentioned in the report: Dowa Metals & Mining Co., Mitsui Mining and Smelting Co., Sumitomo Metal Mining Co., Toho Zinc Co., Hindustan Zinc Ltd., Nyrstar, Teck Resources Ltd., Industrias Peñoles SAB de CV, KCM SA’s Plovdiv, Xstrata, OTZK , Retriev Technologies Inc., Huludao Zinc Industry Co., Yunnan Luoping Zinc and Electricity Co., Western Mining Co., Zhuzhou Smelter Group Co., Shaoguan Smelter, Mayco Industries, Belmont Metals, GFS Chemicals, Ney Metals & Alloys, Reagents, Noah Chemicals, ProChem Inc.

NEW YORK, April 29, 2022 (GLOBE NEWSWIRE) — IndexBox just released a new report: ‘World – Cadmium – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

Statistics of the cadmium market


$41.2 million


$38.6 million

top importers

India, China, Sweden

top exporters

South Korea, Japan, Canada

Global cadmium market revenue increased slightly to US$97 million in 2021, up 3.3% year-on-year. This number reflects the total revenue of manufacturers and importers (excluding logistics costs and intermediary margins, which are factored into the retail price). REQUEST FREE DATA

After two years of decline, cadmium consumption increased by 4% to 29,000 tons in 2021. The total volume of consumption increased from 2010 to 2021 at an average annual rate of +1.3%. REQUEST FREE DATA

Cadmium consumption by country

The countries with the highest cadmium consumption in 2021 were China (13,000 tons), India (8.4,000 tons) and Sweden (1,000 tons), together accounting for 78% of global consumption. These countries were followed by South Korea, Russia, the United States, the Netherlands and Belgium, which together accounted for another 13%. REQUEST FREE DATA

From 2010 to 2021, the largest increases were in Russia (+27.5%), while the cadmium consumption of the other world leaders showed more moderate growth.

In terms of value, alone China (56 million USD) was the market leader. The second place in the ranking was taken by India ($21 million).

cadmium production

In 2021 around 26,000 tons of cadmium were produced worldwide; down by -10.9% compared to the previous year. Overall, however, production showed a relatively flat trend pattern. The clearest growth rate was recorded in 2012 with an increase of 9.7%. Global production peaked in 2017 at 31,000 tons; From 2018 to 2021, however, production was at a slightly lower level.

production by country

The country with the largest production of cadmium was China (10,000 tons) with about 38% of the total volume. In addition, cadmium production in China more than doubled that of the second largest producer, South Korea (3.5,000 tons). Japan (1.9,000 tons) took third place in this ranking with a share of 7.2%.

From 2010 to 2021, the compound annual growth rate of volume in China was +2.8%. In the other countries, the average annual rates were as follows: South Korea (-1.6% per year) and Japan (-0.7% per year).

Cadmium Exports

In 2021, after two years of growth, overseas shipments of cadmium fell as their volume fell -4.9% to 16,000 tons. Overall, however, exports showed a relatively flat trend pattern. Global exports peaked in 2017 at 17,000 tons; However, from 2018 to 2021, exports remained at a lower level.

In value terms, cadmium exports increased slightly to $39 million in 2021. However, during the reporting period, exports continue to show a pronounced decline.

Exports by country

In 2021, South Korea (3.9,000 tons), followed at a distance by Japan (1.7,000 tons), Kazakhstan (1.6,000 tons), Canada (1.5,000 tons), China (0.9,000 tons), Mexico (0 .8,000 tons), Belgium (0.8,000 tons) and France (0.8,000 tons) were the main exporters of cadmium, together accounting for 74% of total shipments. The following exporters – Russia (630 tons), Peru (614 tons), the Netherlands (571 tons), Uzbekistan (455 tons) and Germany (450 tons) — together accounted for 17% of total exports.

By value, South Korea (US$9.3 million) remains the world’s largest supplier of cadmium, accounting for 24% of world exports. Second in the ranking was Japan (US$3.7 million) with a 9.5% share of total shipments. Canada follows with a share of 9.2%.

In South Korea, cadmium exports declined at a compound annual rate of -1.1% over the period 2010-2021. The remaining exporting countries recorded the following average annual export growth rates: Japan (+0.3% per year) and Canada (-3.9% per year).

Export prices by country

The average cadmium export price was $2,387 per tonne in 2021, up 8.1% year-on-year. There were significant differences in average prices between the main exporting countries. In 2021, Belgium was the country with the highest prices ($3,578 per tonne), while Russia ($1,949 per tonne) was among the lowest. From 2010 to 2021, Uzbekistan (-0.9%) achieved the most notable price increase rate, while the other world leaders recorded a decrease in export prices.

cadmium imports

Global cadmium imports amounted to 16,000 tonnes in 2021, a 5.7% increase from the previous year. Total import volume increased at an average annual rate of +1.4% from 2010 to 2021.

In terms of value, cadmium imports fell slightly to USD 41 million in 2021. In general, imports showed a noticeable setback.

Imports by country

In 2021, India (8.4,000 tons) was the largest importer of cadmium, accounting for 51% of total imports. Far behind were China (4.2,000 tons), Belgium (1.4,000 tons) and Sweden (1,000 tons), which together accounted for 40% of total purchases. The following importers – Hong Kong SAR (387 tons) and the Netherlands (268 tons) – each accounted for 4% of total imports.

In terms of value, India ($20m), China ($11m) and Sweden ($2.3m) appeared to be the countries with the highest imports in 2021, together accounting for 80% of total shipments.

India recorded the highest growth rate in the value of imports among the major importing countries over the past decade at a CAGR of +21.0%, while purchases for the other global leaders saw more modest growth.

Import prices by country

In 2021, the average cadmium import price was $2,513 per ton, down -8.3% YoY. There were significant differences in average prices between the main importing countries. In 2021, the country with the highest prices was the Netherlands ($4,900 per tonne), while Belgium ($1,530 per tonne) was among the lowest. From 2010 to 2021, the Netherlands achieved the most significant rate of price increase (+1.7%), while the other world leaders recorded more modest growth rates.

About IndexBox

IndexBox is a market research firm developing an AI-driven market intelligence platform that helps business analysts generate actionable insights and make data-driven decisions. The platform offers data on consumption, production, trade and prices for more than 10,000 different products in 200 countries.

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product coverage

Cadmium (raw, powder).

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