Asia: Market for Ceramic Wares For Laboratory Or Technical Uses 2024

Market Size for Ceramic Wares For Laboratory Or Technical Uses in Asia

The Asian market for ceramic wares for laboratory or technical uses contracted to $X in 2022, approximately mirroring the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Ceramic Wares For Laboratory Or Technical Uses in Asia

In value terms, production of ceramic wares for laboratory or technical uses declined to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 29% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production of growth remained at a lower figure.

Exports of Ceramic Wares For Laboratory Or Technical Uses

Exports in Asia

In 2022, overseas shipments of ceramic wares for laboratory or technical uses increased by 15% to X tons, rising for the second year in a row after two years of decline. Overall, exports continue to indicate resilient growth. The growth pace was the most rapid in 2021 with an increase of 30%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of ceramic wares for laboratory or technical uses rose modestly to $X in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China prevails in uses structure, finishing at X tons, which was approx. 91% of total exports in 2022. The following exporters - Indonesia (X tons), Japan (X tons) and South Korea (X tons) - together made up 7% of total exports.

From 2012 to 2022, average annual rates of growth with regard to ceramic wares for laboratory or technical uses exports from China stood at +9.3%. At the same time, South Korea (+10.2%), Indonesia (+3.2%) and Japan (+1.2%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia, with a CAGR of +10.2% from 2012-2022. China (+3.9 p.p.) significantly strengthened its position in terms of the total exports, while Indonesia and Japan saw its share reduced by -2.1% and -2.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ceramic wares for laboratory or technical uses supplying countries in Asia were Japan ($X), China ($X) and South Korea ($X), with a combined 83% share of total exports.

South Korea, with a CAGR of +19.8%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, waning by -8.8% against the previous year. Overall, the export price continues to indicate a slight setback. The pace of growth was the most pronounced in 2013 when the export price increased by 11%. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.7%), while the other leaders experienced more modest paces of growth.

Imports of Ceramic Wares For Laboratory Or Technical Uses

Imports in Asia

In 2022, approx. X tons of ceramic wares for laboratory or technical uses were imported in Asia; increasing by 6.6% on 2021. In general, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 24%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, imports of ceramic wares for laboratory or technical uses shrank slightly to $X in 2022. Overall, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 33% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2022, Vietnam (X tons) and India (X tons) represented the key importers of ceramic wares for laboratory or technical uses in Asia, together reaching near 36% of total imports. South Korea (X tons) took the next position in the ranking, followed by Indonesia (X tons), Japan (X tons), China (X tons) and Malaysia (X tons). All these countries together held approx. 32% share of total imports. The United Arab Emirates (X tons), Turkey (X tons), Thailand (X tons), Singapore (X tons), Saudi Arabia (X tons) and Bangladesh (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bangladesh (with a CAGR of +45.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ceramic wares for laboratory or technical uses importing markets in Asia were China ($X), South Korea ($X) and Japan ($X), together comprising 60% of total imports. India, Malaysia, Thailand, Vietnam, Turkey, Singapore, the United Arab Emirates, Indonesia, Saudi Arabia and Bangladesh lagged somewhat behind, together accounting for a further 27%.

Among the main importing countries, Bangladesh, with a CAGR of +28.9%, saw the highest rates of growth with regard to 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 2022, the import price in Asia amounted to $X per ton, falling by -7.2% against the previous year. Over the period under review, the import price saw a slight decrease. The pace of growth appeared the most rapid in 2021 an increase of 7.9% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+8.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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