Asia-Pacific: Agglomerated Dolomite Market 2024

Agglomerated Dolomite Market Size in Asia-Pacific

In 2022, the Asia-Pacific agglomerated dolomite market decreased by -4.9% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, recorded a significant expansion. As a result, consumption attained the peak level of $X, and then fell modestly in the following year.

Agglomerated Dolomite Production in Asia-Pacific

In value terms, agglomerated dolomite production expanded modestly to $X in 2022 estimated in export price. In general, production showed a resilient expansion. The growth pace was the most rapid in 2015 with an increase of 78% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Agglomerated Dolomite Exports

Exports in Asia-Pacific

Agglomerated dolomite exports skyrocketed to X tons in 2022, picking up by 461% against 2021. In general, exports showed pronounced growth. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, agglomerated dolomite exports soared to $X in 2022. Over the period under review, exports, however, saw a deep downturn. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

India dominates exports structure, recording X tons, which was near 94% of total exports in 2022. South Korea (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the agglomerated dolomite exports, with a CAGR of +22.6% from 2012 to 2022. South Korea (-19.9%) illustrated a downward trend over the same period. While the share of India (+76 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Korea (-27.3 p.p.) displayed negative dynamics.

In value terms, India ($X) emerged as the largest agglomerated dolomite supplier in Asia-Pacific, comprising 61% of total exports. The second position in the ranking was held by South Korea ($X), with a 25% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled +16.2%.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, which is down by -69.8% against the previous year. In general, the export price showed a deep reduction. The growth pace was the most rapid in 2021 when the export price increased by 1,046% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while India totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.9%).

Agglomerated Dolomite Imports

Imports in Asia-Pacific

In 2022, after two years of growth, there was decline in overseas purchases of agglomerated dolomite, when their volume decreased by -3.5% to X tons. In general, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 63%. The volume of import peaked at X tons in 2021, and then declined slightly in the following year.

In value terms, agglomerated dolomite imports dropped sharply to $X in 2022. Total imports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.6% 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 +30.1% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 50% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

India dominates imports structure, finishing at X tons, which was near 73% of total imports in 2022. It was distantly followed by South Korea (X tons), constituting a 5.5% share of total imports. Nepal (X tons), Taiwan (Chinese) (X tons), Indonesia (X tons), Malaysia (X tons), Vietnam (X tons), Pakistan (X tons) and Japan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to agglomerated dolomite imports into India stood at +26.5%. At the same time, Vietnam (+49.0%), South Korea (+28.4%), Pakistan (+7.3%), Taiwan (Chinese) (+5.0%) and Indonesia (+2.2%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +49.0% from 2012-2022. By contrast, Nepal (-2.8%), Malaysia (-5.3%) and Japan (-14.8%) illustrated a downward trend over the same period. While the share of India (+52 p.p.), South Korea (+4.1 p.p.) and Vietnam (+2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Taiwan (Chinese) (-2.8 p.p.), Indonesia (-4.3 p.p.), Malaysia (-10.5 p.p.), Nepal (-11.1 p.p.) and Japan (-21.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest agglomerated dolomite importing markets in Asia-Pacific were India ($X), South Korea ($X) and Taiwan (Chinese) ($X), with a combined 67% share of total imports. Malaysia, Japan, Indonesia, Vietnam, Nepal and Pakistan lagged somewhat behind, together accounting for a further 22%.

Among the main importing countries, Vietnam, with a CAGR of +43.3%, recorded 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-Pacific stood at $X per ton in 2022, which is down by -17.2% against the previous year. In general, the import price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2021 an increase of 4.3% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Japan ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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