Asia: Common Clay Market 2024

Common Clay Market Size in Asia

The Asian common clay market declined slightly to $X in 2022, shrinking by -2.1% against the previous year. Overall, consumption continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2021 when the market value increased by 4.2%. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Common Clay Production in Asia

In value terms, common clay production fell modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2018 with an increase of 7%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Common Clay Exports

Exports in Asia

For the third consecutive year, Asia recorded growth in shipments abroad of common clay, which increased by 33% to X tons in 2022. Over the period under review, exports showed resilient growth. The growth pace was the most rapid in 2021 with an increase of 65% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, common clay exports surged to $X in 2022. Total exports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +84.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 45% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

India represented the largest exporter of common clay in Asia, with the volume of exports amounting to X tons, which was near 51% of total exports in 2022. It was distantly followed by Turkey (X tons), Malaysia (X tons) and Thailand (X tons), together constituting a 41% share of total exports. Pakistan (X tons) and China (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to common clay exports from India stood at +30.2%. At the same time, Turkey (+34.3%), Pakistan (+10.2%) and Thailand (+9.1%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +34.3% from 2012-2022. By contrast, Malaysia (-1.8%) and China (-9.3%) illustrated a downward trend over the same period. India (+41 p.p.) and Turkey (+17 p.p.) significantly strengthened its position in terms of the total exports, while China and Malaysia saw its share reduced by -15% and -30.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) emerged as the largest common clay supplier in Asia, comprising 39% of total exports. The second position in the ranking was taken by Malaysia ($X), with an 18% share of total exports. It was followed by Thailand, with a 15% share.

In India, common clay exports expanded at an average annual rate of +20.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (-0.4% per year) and Thailand (+9.5% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, declining by -7.4% against the previous year. Over the period under review, the export price recorded a abrupt slump. The pace of growth was the most pronounced in 2016 when the export price increased by 8.6%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, 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 China ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.5%), while the other leaders experienced more modest paces of growth.

Common Clay Imports

Imports in Asia

In 2022, approx. X tons of common clay were imported in Asia; which is down by -22.6% compared with the previous year. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 18% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, common clay imports declined to $X in 2022. The total import value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 34% against the previous year. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

Bangladesh (X tons) and Indonesia (X tons) represented roughly 36% of total imports in 2022. Turkey (X tons) took an 8.6% share (based on physical terms) of total imports, which put it in second place, followed by Japan (8.3%), Taiwan (Chinese) (8.1%), India (7.7%), the United Arab Emirates (6%) and Kazakhstan (4.7%). Vietnam (X tons), Malaysia (X tons), China (X tons) and Thailand (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 main importing countries, was attained by Kazakhstan (with a CAGR of +53.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest common clay importing markets in Asia were Indonesia ($X), Japan ($X) and Bangladesh ($X), together accounting for 49% of total imports. China, India, Turkey, Thailand, Vietnam, the United Arab Emirates, Malaysia, Kazakhstan and Taiwan (Chinese) lagged somewhat behind, together comprising a further 41%.

Kazakhstan, with a CAGR of +30.1%, saw the highest rates of growth with regard to the value of imports, in terms of 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

The import price in Asia stood at $X per ton in 2022, picking up by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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