Asia: Gypsum And Anhydrite Market 2024

Gypsum And Anhydrite Market Size in Asia

After three years of growth, the Asian gypsum and anhydrite market decreased by -9.9% to $X in 2021. The market value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Gypsum And Anhydrite Production in Asia

In value terms, gypsum and anhydrite production declined to $X in 2021 estimated in export price. The total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.2% 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 +65.2% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 29%. As a result, production reached the peak level of $X, and then dropped in the following year.

Gypsum And Anhydrite Exports

Exports in Asia

In 2021, overseas shipments of gypsum and anhydrite were finally on the rise to reach X tons after three years of decline. The total export volume increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 16% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, gypsum and anhydrite exports contracted modestly to $X in 2021. Total exports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when exports increased by 24%. Over the period under review, the exports attained the maximum at $X in 2020, and then reduced in the following year.

Exports by Country

In 2021, Thailand (X tons) represented the key exporter of gypsum and anhydrite, making up 45% of total exports. Oman (X tons) took the second position in the ranking, distantly followed by Iran (X tons) and the United Arab Emirates (X tons). All these countries together held near 38% share of total exports. South Korea (X tons), Cyprus (X tons) and Bhutan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in the United Arab Emirates (with a CAGR of +61.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Oman ($X), Thailand ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 75% of total exports.

The United Arab Emirates, with a CAGR of +43.4%, recorded the highest rates of growth with regard to 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 2021, the export price in Asia amounted to $X per ton, dropping by -16.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2019 an increase of 19%. The level of export peaked at $X per ton in 2020, and then dropped rapidly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Bhutan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bhutan (+3.5%), while the other leaders experienced mixed trends in the export price figures.

Gypsum And Anhydrite Imports

Imports in Asia

After two years of decline, overseas purchases of gypsum and anhydrite increased by 5.9% to X tons in 2021. The total import volume increased at an average annual rate of +5.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 23%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, gypsum and anhydrite imports rose remarkably to $X in 2021. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 16%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India represented the main importer of gypsum and anhydrite in Asia, with the volume of imports accounting for X tons, which was approx. 31% of total imports in 2021. Japan (X tons) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (12%), Bangladesh (8.2%), the Philippines (7.3%), Vietnam (7%) and Malaysia (6%).

From 2012 to 2021, average annual rates of growth with regard to gypsum and anhydrite imports into India stood at +8.8%. At the same time, the Philippines (+13.7%), Bangladesh (+11.8%), Malaysia (+9.7%), Japan (+2.6%) and Indonesia (+2.2%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia, with a CAGR of +13.7% from 2012-2021. By contrast, Vietnam (-2.6%) illustrated a downward trend over the same period. While the share of India (+8.1 p.p.), the Philippines (+3.7 p.p.), Bangladesh (+3.5 p.p.) and Malaysia (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Japan (-3 p.p.), Indonesia (-3.4 p.p.) and Vietnam (-7 p.p.) displayed negative dynamics.

In value terms, the largest gypsum and anhydrite importing markets in Asia were India ($X), Japan ($X) and Indonesia ($X), together comprising 54% of total imports.

In terms of the main importing countries, India, with a CAGR of +5.2%, recorded 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, increasing by 1.8% against the previous year. Overall, the import price, however, continues to indicate a pronounced reduction. 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, the country with the highest price was Japan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+0.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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