ASEAN: Fireclay Market 2024

Fireclay Market Size in ASEAN

The ASEAN fireclay market shrank to $X in 2021, dropping by -8.8% against the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Fireclay Production in ASEAN

In value terms, fireclay production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 33%. As a result, production attained the peak level of $X, and then fell in the following year.

Fireclay Exports

Exports in ASEAN

In 2021, the amount of fireclay exported in ASEAN contracted remarkably to X tons, with a decrease of -18.8% against the previous year. Over the period under review, exports saw a perceptible descent. The most prominent rate of growth was recorded in 2013 with an increase of 1,233%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, fireclay exports fell significantly to $X in 2021. Overall, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2013 when exports increased by 858%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Indonesia was the major exporter of fireclay in ASEAN, with the volume of exports accounting for X tons, which was approx. 56% of total exports in 2021. Thailand (X tons) took the second position in the ranking, distantly followed by Malaysia (X tons). All these countries together took near 42% share of total exports. Vietnam (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Indonesia (with a CAGR of +16.9%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Indonesia ($X) and Malaysia ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 97% of total exports.

In terms of the main exporting countries, Indonesia, with a CAGR of +8.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, dropping by -23.8% against the previous year. In general, the export price continues to indicate a mild decrease. The pace of growth was the most pronounced in 2018 when the export price increased by 95%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Malaysia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+12.6%), while the other leaders experienced a decline in the export price figures.

Fireclay Imports

Imports in ASEAN

In 2021, the amount of fireclay imported in ASEAN expanded slightly to X tons, rising by 3.9% on the previous year. In general, imports posted a buoyant increase. The pace of growth was the most pronounced in 2018 when imports increased by 126%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, fireclay imports reached $X in 2021. Overall, imports enjoyed resilient growth. The pace of growth was the most pronounced in 2018 with an increase of 114% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Vietnam (X tons), Malaysia (X tons) and Indonesia (X tons) was the major importer of fireclay in ASEAN, constituting 90% of total import. It was distantly followed by Myanmar (X tons), committing a 5.5% share of total imports. Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of +44.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fireclay importing markets in ASEAN were Indonesia ($X), Vietnam ($X) and Malaysia ($X), together comprising 93% of total imports.

Vietnam, with a CAGR of +44.8%, 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 leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, surging by 10% against the previous year. Overall, the import price, however, showed a mild downturn. The most prominent rate of growth was recorded in 2019 when the import price increased by 12%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Indonesia ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+0.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform