Asia: Market for Non-Refractory Clay Constructional Products 2024

Market Size for Non-Refractory Clay Constructional Products in Asia

The Asian non-refractory clay constructional products market reduced to $X in 2022, with a decrease of -4.4% against the previous year. In general, consumption continues to indicate a drastic downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Non-Refractory Clay Constructional Products in Asia

In value terms, non-refractory clay constructional products production declined to $X in 2022 estimated in export price. In general, production showed a abrupt contraction. The growth pace was the most rapid in 2013 with an increase of 18%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Exports of Non-Refractory Clay Constructional Products

Exports in Asia

In 2022, non-refractory clay constructional products exports in Asia expanded rapidly to X tons, increasing by 8.9% on the previous year. Over the period under review, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 103% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-refractory clay constructional products exports skyrocketed to $X in 2022. Total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.2% 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 +57.4% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 128%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

China was the main exporter of non-refractory clay constructional products in Asia, with the volume of exports resulting at X tons, which was near 70% of total exports in 2022. It was distantly followed by Thailand (X tons), generating a 12% share of total exports. The United Arab Emirates (X tons), India (X tons), Turkey (X tons), Malaysia (X tons) and Hong Kong SAR (X tons) held a little share of total exports.

China was also the fastest-growing in terms of the non-refractory clay constructional products exports, with a CAGR of +13.1% from 2012 to 2022. The United Arab Emirates and Hong Kong SAR experienced a relatively flat trend pattern. Thailand (-2.6%), Turkey (-7.6%), Malaysia (-23.8%) and India (-26.7%) illustrated a downward trend over the same period. While the share of China (+59 p.p.), Thailand (+3.1 p.p.) and the United Arab Emirates (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (-15.4 p.p.) and India (-44.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-refractory clay constructional products supplier in Asia, comprising 76% of total exports. The second position in the ranking was taken by Thailand ($X), with a 12% share of total exports. It was followed by the United Arab Emirates, with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +16.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+11.4% per year) and the United Arab Emirates (+6.8% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, increasing by 14% against the previous year. Overall, the export price continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2013 when the export price increased by 94%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

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 China ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+14.4%), while the other leaders experienced more modest paces of growth.

Imports of Non-Refractory Clay Constructional Products

Imports in Asia

In 2022, overseas purchases of non-refractory clay constructional products were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, saw a deep reduction. The growth pace was the most rapid in 2018 when imports increased by 84% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, non-refractory clay constructional products imports stood at $X in 2022. Overall, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 111%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Indonesia (X tons), India (X tons), Cambodia (X tons), the Philippines (X tons), Lao People's Democratic Republic (X tons), Iraq (X tons) and the United Arab Emirates (X tons) represented the largest importer of non-refractory clay constructional products in Asia, making up 75% of total import. Bahrain (X tons), Israel (X tons), Brunei Darussalam (X tons) and Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +51.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-refractory clay constructional products importing markets in Asia were Indonesia ($X), Cambodia ($X) and India ($X), together accounting for 50% of total imports.

In terms of the main importing countries, Indonesia, with a CAGR of +35.4%, 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

The import price in Asia stood at $X per ton in 2022, waning by -13.3% against the previous year. Import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-refractory clay constructional products import price increased by +72.5% against 2017 indices. The most prominent rate of growth was recorded in 2019 when the import price increased by 27% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2021, and then contracted in the following year.

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 Cambodia ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+13.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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