Asia: Calcium Carbonate Market 2024

Calcium Carbonate Market Size in Asia

In 2021, after two years of decline, there was significant growth in the Asian calcium carbonate market, when its value increased by 12% to $X. In general, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Calcium Carbonate Production in Asia

In value terms, calcium carbonate production stood at $X in 2021 estimated in export price. Overall, production, however, continues to indicate a slight descent. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Calcium Carbonate Exports

Exports in Asia

In 2021, after two years of decline, there was significant growth in overseas shipments of calcium carbonate, when their volume increased by 22% to X tons. The total export volume increased at an average annual rate of +5.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, calcium carbonate exports soared to $X in 2021. The total export value increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons) and Vietnam (X tons) were the largest exporters of calcium carbonate in 2021, resulting at near 28% and 23% of total exports, respectively. Malaysia (X tons) held a 15% share (based on physical terms) of total exports, which put it in second place, followed by Jordan (13%) and China (7.2%). The following exporters - Taiwan (Chinese) (X tons) and Thailand (X tons) - each resulted at a 4.6% 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 Vietnam (with a CAGR of +27.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest calcium carbonate supplying countries in Asia were Malaysia ($X), Vietnam ($X) and China ($X), together comprising 54% of total exports.

Among the main exporting countries, Vietnam, with a CAGR of +16.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, with an increase of 4.6% against the previous year. Over the period under review, the export price, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in 2020 when the export price increased by 5.6% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.4%), while the other leaders experienced more modest paces of growth.

Calcium Carbonate Imports

Imports in Asia

In 2021, calcium carbonate imports in Asia soared to X tons, jumping by 18% compared with 2020. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -5.1% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of 22%. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, calcium carbonate imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +5.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) represented the key importer of calcium carbonate, achieving 48% of total imports. It was distantly followed by Saudi Arabia (X tons) and Indonesia (X tons), together constituting a 17% share of total imports. The following importers - Bangladesh (X tons), China (X tons), the Philippines (X tons), Myanmar (X tons), Thailand (X tons), Qatar (X tons), Cambodia (X tons) and Iraq (X tons) - together made up 17% of total imports.

From 2012 to 2021, average annual rates of growth with regard to calcium carbonate imports into India stood at +13.8%. At the same time, Qatar (+14.6%), Cambodia (+11.3%), Myanmar (+8.9%), China (+6.6%), Iraq (+6.2%), Bangladesh (+5.8%), Thailand (+4.5%) and Indonesia (+1.2%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in Asia, with a CAGR of +14.6% from 2012-2021. Saudi Arabia experienced a relatively flat trend pattern. By contrast, the Philippines (-2.2%) illustrated a downward trend over the same period. While the share of India (+23 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Indonesia (-2.4 p.p.), the Philippines (-2.5 p.p.) and Saudi Arabia (-8.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported calcium carbonate in Asia, comprising 33% of total imports. The second position in the ranking was taken by Indonesia ($X), with an 8.9% share of total imports. It was followed by Saudi Arabia, with an 8.9% share.

In India, calcium carbonate imports increased at an average annual rate of +10.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Indonesia (+4.1% per year) and Saudi Arabia (+4.2% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, surging by 13% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. 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, amid the top importers, the country with the highest price was Thailand ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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