Global Gypsum and Anhydrite Market to Reach $24.7B by 2030 with +2.9% CAGR

IndexBox has just published a new report: World - Gypsum And Anhydrite - Market Analysis, Forecast, Size, Trends And Insights.

The global market for gypsum and anhydrite is expected to see significant growth in the next six years, driven by rising demand worldwide. The market is forecast to expand at a steady pace, with market volume reaching 214M tons and market value reaching $24.7B by 2030.

Market Forecast

Driven by increasing demand for gypsum and anhydrite worldwide, the market is expected to continue an upward consumption trend over the next six-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +2.9% for the period from 2024 to 2030, which is projected to bring the market volume to 214M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.0% for the period from 2024 to 2030, which is projected to bring the market value to $24.7B (in nominal wholesale prices) by the end of 2030.

Consumption

World Consumption of Gypsum And Anhydrite

Global gypsum and anhydrite consumption rose to 181M tons in 2024, with an increase of 2.5% against the previous year. In general, consumption showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 3.3%. Global consumption peaked in 2024 and is likely to see gradual growth in years to come.

The global gypsum and anhydrite market size expanded slightly to $18.5B in 2024, growing by 4.4% 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 +3.6% from 2013 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2024 and is expected to retain growth in years to come.

Consumption By Country

The countries with the highest volumes of consumption in 2024 were the United States (30M tons), China (15M tons) and Iran (15M tons), with a combined 34% share of global consumption. Iraq, Turkey, India, Japan, Oman, Thailand and Russia lagged somewhat behind, together accounting for a further 29%.

From 2013 to 2024, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Oman (with a CAGR of +15.8%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($10.7B) led the market, alone. The second position in the ranking was taken by China ($1.5B). It was followed by Iraq.

From 2013 to 2024, the average annual growth rate of value in the United States amounted to +7.3%. In the other countries, the average annual rates were as follows: China (-1.5% per year) and Iraq (+4.7% per year).

In 2024, the highest levels of gypsum and anhydrite per capita consumption was registered in Oman (814 kg per person), followed by Iraq (315 kg per person), Iran (170 kg per person) and Turkey (135 kg per person), while the world average per capita consumption of gypsum and anhydrite was estimated at 22 kg per person.

From 2013 to 2024, the average annual rate of growth in terms of the gypsum and anhydrite per capita consumption in Oman stood at +11.9%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Iraq (-0.0% per year) and Iran (-3.7% per year).

Production

World Production of Gypsum And Anhydrite

In 2024, global gypsum and anhydrite production amounted to 177M tons, approximately equating the year before. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 3.4% against the previous year. Over the period under review, global production hit record highs at 177M tons in 2022; however, from 2023 to 2024, production remained at a lower figure.

In value terms, gypsum and anhydrite production reached $15.6B in 2024 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2013 to 2024; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 8.8%. Global production peaked in 2024 and is likely to see gradual growth in the immediate term.

Production By Country

The countries with the highest volumes of production in 2024 were the United States (23M tons), Iran (17M tons) and China (15M tons), together comprising 31% of global production. Iraq, Oman, Turkey, Spain, Thailand, Mexico and Japan lagged somewhat behind, together accounting for a further 38%.

From 2013 to 2024, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Oman (with a CAGR of +14.5%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Gypsum And Anhydrite

In 2024, global gypsum and anhydrite imports rose rapidly to 40M tons, surging by 10% compared with the previous year's figure. The total import volume increased at an average annual rate of +5.2% over the period from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 14% against the previous year. Global imports peaked in 2024 and are expected to retain growth in years to come.

In value terms, gypsum and anhydrite imports surged to $1.4B in 2024. Overall, total imports indicated a resilient expansion from 2013 to 2024: its value increased at an average annual rate of +5.2% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. Over the period under review, global imports reached the peak figure in 2024 and are likely to see steady growth in years to come.

Imports By Country

In 2024, the United States (7.5M tons), distantly followed by India (4.2M tons), the United Arab Emirates (3M tons), Indonesia (2.2M tons) and Japan (2.2M tons) represented the key importers of gypsum and anhydrite, together making up 48% of total imports. Ghana (1.5M tons), New Zealand (1.4M tons), the UK (1.2M tons), Vietnam (1.2M tons) and Canada (1.1M tons) followed a long way behind the leaders.

From 2013 to 2024, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by New Zealand (with a CAGR of +22.7%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($153M), Japan ($95M) and India ($87M) constituted the countries with the highest levels of imports in 2024, with a combined 23% share of global imports. Indonesia, New Zealand, Ghana, Canada, Vietnam, the UK and the United Arab Emirates lagged somewhat behind, together comprising a further 25%.

New Zealand, with a CAGR of +23.6%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average gypsum and anhydrite import price stood at $36 per ton in 2024, rising by 6.9% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 7.2% against the previous year. Over the period under review, average import prices attained the peak figure in 2024 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2024, amid the top importers, the country with the highest price was New Zealand ($53 per ton), while the United Arab Emirates ($1.8 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Canada (+3.1%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Gypsum And Anhydrite

In 2024, global exports of gypsum and anhydrite stood at 36M tons, standing approx. at 2023 figures. The total export volume increased at an average annual rate of +4.7% over the period from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when exports increased by 15% against the previous year. Over the period under review, the global exports reached the peak figure in 2024 and are expected to retain growth in the near future.

In value terms, gypsum and anhydrite exports expanded to $906M in 2024. Over the period under review, total exports indicated a remarkable increase from 2013 to 2024: its value increased at an average annual rate of +5.4% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, exports increased by +78.4% against 2013 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 17% against the previous year. The global exports peaked in 2024 and are likely to see gradual growth in the immediate term.

Exports By Country

In 2024, Spain (9.4M tons), Oman (7.8M tons) and Thailand (5.3M tons) represented the largest exporter of gypsum and anhydrite in the world, creating 62% of total export. Canada (2.2M tons) ranks next in terms of the total exports with a 5.9% share, followed by Mexico (5.6%) and Iran (4.7%). Morocco (1,370K tons), Australia (935K tons), France (665K tons) and Germany (577K tons) took a little share of total exports.

From 2013 to 2024, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Morocco (with a CAGR of +25.2%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest gypsum and anhydrite supplying countries worldwide were Oman ($191M), Spain ($147M) and Thailand ($116M), with a combined 50% share of global exports. Germany, Canada, Iran, France, Mexico, Morocco and Australia lagged somewhat behind, together accounting for a further 24%.

Morocco, with a CAGR of +15.5%, recorded the highest rates of growth with regard to the value of exports, among 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 2024, the average gypsum and anhydrite export price amounted to $25 per ton, surging by 2.7% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 7.1% against the previous year. Over the period under review, the average export prices reached the peak figure in 2024 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2024, amid the top suppliers, the country with the highest price was Germany ($79 per ton), while Mexico ($13 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Canada (+4.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform