Asia-Pacific: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in Asia-Pacific

In 2021, the Asia-Pacific double or complex silicates market was finally on the rise to reach $X after three years of decline. The total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -37.3% against 2017 indices. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Double Or Complex Silicates in Asia-Pacific

In value terms, double or complex silicates production surged to $X in 2021 estimated in export price. The total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -24.5% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 47%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Exports of Double Or Complex Silicates

Exports in Asia-Pacific

Double or complex silicates exports surged to X tons in 2021, jumping by 27% compared with the previous year. Overall, exports, however, showed a deep contraction. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, double or complex silicates exports soared to $X in 2021. In general, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 104% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia represented the largest exporting country with an export of around X tons, which recorded 47% of total exports. South Korea (X tons) ranks second in terms of the total exports with a 19% share, followed by India (17%) and Japan (9.5%). Thailand (X tons) and China (X tons) took a minor share of total exports.

Malaysia was also the fastest-growing in terms of the double or complex silicates exports, with a CAGR of +46.0% from 2012 to 2021. At the same time, Japan (+15.3%) and India (+10.7%) displayed positive paces of growth. By contrast, Thailand (-5.5%), South Korea (-7.9%) and China (-33.4%) illustrated a downward trend over the same period. Malaysia (+46 p.p.), India (+12 p.p.) and Japan (+7.9 p.p.) significantly strengthened its position in terms of the total exports, while South Korea and China saw its share reduced by -6.2% and -54.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest double or complex silicates supplier in Asia-Pacific, comprising 60% of total exports. The second position in the ranking was held by Malaysia ($X), with a 23% share of total exports. It was followed by India, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan totaled +23.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+12.5% per year) and India (+13.0% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, declining by -7.5% against the previous year. Overall, the export price, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 when the export price increased by 221% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.7%), while the other leaders experienced more modest paces of growth.

Imports of Double Or Complex Silicates

Imports in Asia-Pacific

Double or complex silicates imports expanded remarkably to X tons in 2021, surging by 12% compared with the previous year. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by 14% against the previous year. The volume of import peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, double or complex silicates imports soared to $X in 2021. Overall, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 58% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

India (X tons), Japan (X tons) and Indonesia (X tons) represented roughly 58% of total imports in 2021. China (X tons) held an 8.7% share (based on physical terms) of total imports, which put it in second place, followed by Myanmar (8%). The Philippines (X tons), South Korea (X tons), Malaysia (X tons), Thailand (X tons), Taiwan (Chinese) (X tons), Australia (X tons) and Pakistan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +41.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), India ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 56% share of total imports.

Among the main importing countries, India, with a CAGR of +32.6%, saw 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

In 2021, the import price in Asia-Pacific amounted to $X per ton, surging by 7.9% against the previous year. Over the period under review, the import price posted buoyant growth. The pace of growth appeared the most rapid in 2018 an increase of 58%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+22.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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