Asia: Degras Market 2024

Degras Market Size in Asia

After two years of growth, the Asian degras market decreased by -9.9% to $X in 2021. Over the period under review, consumption recorded a slight shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Degras Production in Asia

In value terms, degras production fell to $X in 2021 estimated in export price. Overall, production saw a mild descent. 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.

Degras Exports

Exports in Asia

Degras exports declined to X tons in 2021, reducing by -13% against the previous year's figure. In general, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of 22%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, degras exports surged to $X in 2021. Total exports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.7% 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 +85.3% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Indonesia (X tons) represented the key exporter of degras, mixing up 72% of total exports. It was distantly followed by Malaysia (X tons), creating a 14% share of total exports. The following exporters - Uzbekistan (X tons), Kazakhstan (X tons) and Bahrain (X tons) - each accounted for a 6.5% share of total exports.

Indonesia experienced a relatively flat trend pattern with regard to volume of exports of degras. At the same time, Uzbekistan (+56.2%) and Bahrain (+15.3%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Asia, with a CAGR of +56.2% from 2012-2021. By contrast, Malaysia (-8.5%) and Kazakhstan (-12.3%) illustrated a downward trend over the same period. Indonesia (+30 p.p.) and Uzbekistan (+2.4 p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan and Malaysia saw its share reduced by -2.3% and -4.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest degras supplier in Asia, comprising 73% of total exports. The second position in the ranking was held by Malaysia ($X), with an 18% share of total exports. It was followed by Bahrain, with a 0.6% share.

From 2012 to 2021, the average annual growth rate of value in Indonesia amounted to +11.3%. In the other countries, the average annual rates were as follows: Malaysia (+0.4% per year) and Bahrain (+26.3% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, increasing by 63% against the previous year. In general, the export price saw a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Malaysia ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+19.6%), while the other leaders experienced more modest paces of growth.

Degras Imports

Imports in Asia

Degras imports rose remarkably to X tons in 2021, surging by 14% on the previous year's figure. Over the period under review, imports, however, showed a abrupt decline. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, degras imports surged to $X in 2021. In general, imports, however, recorded a abrupt downturn. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Sri Lanka was the key importing country with an import of around X tons, which amounted to 32% of total imports. China (X tons) ranks second in terms of the total imports with an 11% share, followed by Japan (11%), Turkey (8.9%), Pakistan (7.4%) and India (7.1%). South Korea (X tons), Uzbekistan (X tons), Taiwan (Chinese) (X tons), Malaysia (X tons), Tajikistan (X tons) and Kazakhstan (X tons) held a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to degras imports into Sri Lanka stood at +4.8%. At the same time, Tajikistan (+59.5%), Taiwan (Chinese) (+31.9%), Turkey (+29.3%) and South Korea (+3.9%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Asia, with a CAGR of +59.5% from 2012-2021. By contrast, India (-4.1%), Malaysia (-4.1%), Japan (-5.2%), Kazakhstan (-5.9%), China (-14.7%), Uzbekistan (-16.1%) and Pakistan (-20.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Sri Lanka, Turkey, Uzbekistan, Taiwan (Chinese), Tajikistan, South Korea, India and Japan increased by +21, +8.4, +3.5, +2.9, +2.4, +2.4, +1.7 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sri Lanka ($X), Japan ($X) and China ($X) were the countries with the highest levels of imports in 2021, together comprising 76% of total imports. These countries were followed by India, Pakistan, Turkey, Taiwan (Chinese), Malaysia, South Korea, Tajikistan, Kazakhstan and Uzbekistan, which together accounted for a further 20%.

Among the main importing countries, Taiwan (Chinese), with a CAGR of +29.9%, 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

The import price in Asia stood at $X per ton in 2021, with an increase of 19% against the previous year. Over the last nine years, it increased at an average annual rate of +1.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+22.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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