Asia: Expanded Clays Market 2024

Expanded Clays Market Size in Asia

The Asian expanded clays market dropped to $X in 2021, declining by -6.2% against the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2020, and then shrank in the following year.

Expanded Clays Production in Asia

In value terms, expanded clays production dropped to $X in 2021 estimated in export price. The total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +64.9% against 2014 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 27%. As a result, production reached the peak level of $X, and then declined in the following year.

Expanded Clays Exports

Exports in Asia

In 2021, the amount of exfoliated vermiculite, expanded clays and foamed slag exported in Asia rose sharply to X tons, increasing by 15% on the previous year's figure. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by 30% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, expanded clays exports soared to $X in 2021. Overall, exports enjoyed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) and Kazakhstan (X tons) dominates exports structure, together making up 77% of total exports. Turkey (X tons) ranks next in terms of the total exports with an 8.2% share, followed by the United Arab Emirates (5.7%). India (X tons) and South Korea (X tons) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Kazakhstan (with a CAGR of +24.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest expanded clays supplier in Asia, comprising 47% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 23% share of total exports. It was followed by South Korea, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +15.1%. In the other countries, the average annual rates were as follows: Kazakhstan (+28.3% per year) and South Korea (+2.1% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, jumping by 24% against the previous year. Export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, expanded clays export price increased by +72.0% against 2016 indices. The most prominent rate of growth was recorded in 2020 when the export price increased by 35%. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+15.7%), while the other leaders experienced more modest paces of growth.

Expanded Clays Imports

Imports in Asia

In 2021, imports of exfoliated vermiculite, expanded clays and foamed slag in Asia expanded modestly to X tons, rising by 3.8% compared with 2020 figures. The total import volume increased at an average annual rate of +1.7% over the period 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 2013 with an increase of 18% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, expanded clays imports rose markedly to $X in 2021. The total import value increased at an average annual rate of +4.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 29% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X tons) represented the largest importer of exfoliated vermiculite, expanded clays and foamed slag, committing 26% of total imports. It was distantly followed by Kazakhstan (X tons), the United Arab Emirates (X tons), South Korea (X tons), Singapore (X tons) and Thailand (X tons), together comprising a 38% share of total imports. The following importers - Kuwait (X tons), Oman (X tons), India (X tons), Syrian Arab Republic (X tons), Indonesia (X tons), Taiwan (Chinese) (X tons) and Malaysia (X tons) - together made up 19% of total imports.

Imports into Japan increased at an average annual rate of +1.4% from 2012 to 2021. At the same time, Syrian Arab Republic (+65.7%), Oman (+45.4%), Kuwait (+25.4%), Thailand (+19.5%), India (+19.2%), Malaysia (+18.1%), the United Arab Emirates (+9.0%), Indonesia (+8.7%), South Korea (+3.4%) and Singapore (+2.9%) displayed positive paces of growth. Moreover, Syrian Arab Republic emerged as the fastest-growing importer imported in Asia, with a CAGR of +65.7% from 2012-2021. By contrast, Kazakhstan (-2.6%) and Taiwan (Chinese) (-15.5%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+4.3 p.p.), Thailand (+3.8 p.p.), Kuwait (+3.4 p.p.), Oman (+2.8 p.p.), Syrian Arab Republic (+2.5 p.p.), India (+2 p.p.) and Malaysia (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Kazakhstan (-5.1 p.p.) and Taiwan (Chinese) (-10.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported exfoliated vermiculite, expanded clays and foamed slag in Asia, comprising 32% of total imports. The second position in the ranking was held by India ($X), with a 13% share of total imports. It was followed by South Korea, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value in Japan totaled +10.5%. The remaining importing countries recorded the following average annual rates of imports growth: India (+20.2% per year) and South Korea (-1.9% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, increasing by 10% against the previous year. Over the last nine years, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2018 an increase of 23%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+8.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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