Asia-Pacific: Market for Activated Natural Mineral Products 2024

Market Size for Activated Natural Mineral Products in Asia-Pacific

In 2021, after two years of growth, there was decline in the Asia-Pacific activated natural mineral products market, when its value decreased by -0.3% to $X. The market value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The level of consumption peaked at $X in 2020, and then dropped slightly in the following year.

Production of Activated Natural Mineral Products in Asia-Pacific

In value terms, activated natural mineral products production fell slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 11% against the previous year. The level of production peaked at $X in 2020, and then contracted slightly in the following year.

Exports of Activated Natural Mineral Products

Exports in Asia-Pacific

In 2021, shipments abroad of activated natural mineral products decreased by -2.6% to X tons, falling for the second consecutive year after three years of growth. Total exports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -5.3% against 2019 indices. The pace of growth was the most pronounced in 2017 when exports increased by 22% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, activated natural mineral products exports fell modestly to $X in 2021. Total exports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 20% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020, and then dropped modestly in the following year.

Exports by Country

In 2021, China (X tons) represented the key exporter of activated natural mineral products, committing 58% of total exports. Indonesia (X tons) took a 17% share (based on physical terms) of total exports, which put it in second place, followed by India (15%) and Thailand (4.9%). Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to activated natural mineral products exports from China stood at +3.6%. At the same time, India (+17.4%), Thailand (+12.8%) and Indonesia (+3.9%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +17.4% from 2012-2021. By contrast, Malaysia (-2.5%) illustrated a downward trend over the same period. While the share of India (+9.7 p.p.) and Thailand (+2.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Indonesia (-1.6 p.p.), Malaysia (-3.1 p.p.) and China (-7.1 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest activated natural mineral products supplier in Asia-Pacific, comprising 48% of total exports. The second position in the ranking was taken by India ($X), with a 16% share of total exports. It was followed by Indonesia, with a 15% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +5.6%. The remaining exporting countries recorded the following average annual rates of exports growth: India (+13.3% per year) and Indonesia (+1.7% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, picking up by 2.2% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the export price increased by 3.5%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Activated Natural Mineral Products

Imports in Asia-Pacific

In 2021, approx. X tons of activated natural mineral products were imported in Asia-Pacific; jumping by 20% against the previous year's figure. Overall, imports showed a remarkable increase. The pace of growth was the most pronounced in 2017 when imports increased by 28% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, activated natural mineral products imports soared to $X in 2021. Total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the four major importers of activated natural mineral products, namely Thailand, South Korea, Indonesia and Malaysia, represented more than two-thirds of total import. It was distantly followed by Bangladesh (X tons), generating a 5.9% share of total imports. The following importers - the Philippines (X tons), Singapore (X tons), Taiwan (Chinese) (X tons), India (X tons), Vietnam (X tons) and Japan (X tons) - together made up 16% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Malaysia (with a CAGR of +31.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), South Korea ($X) and Indonesia ($X) were the countries with the highest levels of imports in 2021, with a combined 51% share of total imports. These countries were followed by India, Malaysia, Bangladesh, the Philippines, Taiwan (Chinese), Vietnam, Japan and Singapore, which together accounted for a further 38%.

Among the main importing countries, Malaysia, with a CAGR of +23.9%, 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-Pacific stood at $X per ton in 2021, shrinking by -2.2% against the previous year. Over the period under review, the import price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2018 an increase of 1.7%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+3.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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