Asia: Market for Activated Natural Mineral Products 2024

Market Size for Activated Natural Mineral Products in Asia

After two years of growth, the Asian activated natural mineral products market decreased by -1.2% to $X in 2021. The market value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then fell modestly in the following year.

Production of Activated Natural Mineral Products in Asia

In value terms, activated natural mineral products production dropped modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 10% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then dropped modestly in the following year.

Exports of Activated Natural Mineral Products

Exports in Asia

In 2021, approx. X tons of activated natural mineral products were exported in Asia; approximately equating 2020. Total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +40.2% against 2016 indices. The pace of growth was the most pronounced in 2017 when exports increased by 20%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, activated natural mineral products exports reached $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +56.6% against 2016 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 21% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the near future.

Exports by Country

China represented the key exporting country with an export of around X tons, which resulted at 52% of total exports. It was distantly followed by Indonesia (X tons), India (X tons) and Turkey (X tons), together achieving a 39% share of total exports. The following exporters - Thailand (X tons) and Malaysia (X tons) - together made up 7.3% of total exports.

Exports from China increased at an average annual rate of +3.6% from 2012 to 2021. At the same time, Turkey (+27.6%), India (+17.4%), Thailand (+12.8%) and Indonesia (+3.9%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +27.6% from 2012-2021. By contrast, Malaysia (-2.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey, India and Thailand increased by +8.9, +8.4 and +2 percentage points, respectively.

In value terms, China ($X) remains the largest activated natural mineral products supplier in Asia, comprising 43% of total exports. The second position in the ranking was held by India ($X), with a 14% share of total exports. It was followed by Indonesia, with a 14% share.

In China, activated natural mineral products exports expanded at an average annual rate of +5.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (+13.3% per year) and Indonesia (+1.7% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, picking up by 2.4% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 3%. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Activated Natural Mineral Products

Imports in Asia

In 2021, the amount of activated natural mineral products imported in Asia skyrocketed to X tons, picking up by 18% on the previous year. In general, imports showed a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by 26% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, activated natural mineral products imports expanded remarkably to $X in 2021. The total import value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 16%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

In 2021, Thailand (X tons), South Korea (X tons), Indonesia (X tons) and Malaysia (X tons) was the major importer of activated natural mineral products in Asia, constituting 69% of total import. It was distantly followed by Bangladesh (X tons), comprising a 5.5% share of total imports. The Philippines (X tons), Turkey (X tons), Singapore (X tons), Taiwan (Chinese) (X tons), India (X tons), Vietnam (X tons) and Japan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +31.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest activated natural mineral products importing markets in Asia were Thailand ($X), South Korea ($X) and Indonesia ($X), with a combined 47% share of total imports. India, Malaysia, Bangladesh, the Philippines, Taiwan (Chinese), Vietnam, Japan, Singapore and Turkey lagged somewhat behind, together accounting for a further 38%.

In terms of the main importing countries, Malaysia, with a CAGR of +23.9%, saw the highest growth rate of the value of imports, 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 Asia amounted to $X per ton, which is down by -3.6% against the previous year. Over the period under review, the import price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2018 an increase of 2.7%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+3.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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