Asia-Pacific: Activated Carbon Market 2024

Activated Carbon Market Size in Asia-Pacific

In 2022, after four years of growth, there was decline in the Asia-Pacific activated carbon market, when its value decreased by -1.3% to $X. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 8.7%. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Activated Carbon Production in Asia-Pacific

In value terms, activated carbon production amounted to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 22% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Activated Carbon Exports

Exports in Asia-Pacific

In 2022, approx. X tons of activated carbon were exported in Asia-Pacific; increasing by 3.4% compared with the previous year. The total export volume increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when exports increased by 30% 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, activated carbon exports skyrocketed to $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.2% 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 +41.0% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of 29%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

In 2022, China (X tons) was the main exporter of activated carbon, comprising 43% of total exports. India (X tons) held the second position in the ranking, distantly followed by the Philippines (X tons) and Sri Lanka (X tons). All these countries together took near 41% share of total exports. The following exporters - Australia (X tons), Indonesia (X tons) and Malaysia (X tons) - together made up 10% of total exports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +9.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest activated carbon supplying countries in Asia-Pacific were China ($X), India ($X) and Sri Lanka ($X), with a combined 70% share of total exports. The Philippines, Australia, Indonesia and Malaysia lagged somewhat behind, together accounting for a further 19%.

Australia, with a CAGR of +11.8%, saw the highest rates of growth with regard to the value of exports, among 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

The export price in Asia-Pacific stood at $X per ton in 2022, surging by 12% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2018 an increase of 21% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the near future.

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 Sri Lanka ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.2%), while the other leaders experienced more modest paces of growth.

Activated Carbon Imports

Imports in Asia-Pacific

In 2022, the amount of activated carbon imported in Asia-Pacific contracted to X tons, waning by -6.9% on the previous year. The total import volume increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 19% against the previous year. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, activated carbon imports rose slightly to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value 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, imports increased by +26.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Japan (X tons), South Korea (X tons), China (X tons), Taiwan (Chinese) (X tons), India (X tons), Sri Lanka (X tons), Indonesia (X tons), Malaysia (X tons), Australia (X tons), Vietnam (X tons), Thailand (X tons) and the Philippines (X tons) represented roughly 95% of total imports in 2022.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +21.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and South Korea ($X) were the countries with the highest levels of imports in 2022, with a combined 61% share of total imports. India, Taiwan (Chinese), Sri Lanka, Indonesia, Australia, Thailand, Malaysia, Vietnam and the Philippines lagged somewhat behind, together accounting for a further 35%.

The Philippines, with a CAGR of +15.4%, recorded the highest rates of growth with regard to the value of imports, among 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

In 2022, the import price in Asia-Pacific amounted to $X per ton, with an increase of 9.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2018 when the import price increased by 12% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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