Asia-Pacific: Gypsum And Anhydrite Market 2024

Gypsum And Anhydrite Market Size in Asia-Pacific

After four years of growth, the Asia-Pacific gypsum and anhydrite market decreased by -11.8% to $X in 2021. The total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +39.4% against 2016 indices. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Gypsum And Anhydrite Production in Asia-Pacific

In value terms, gypsum and anhydrite production reduced rapidly to $X in 2021 estimated in export price. The total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +72.2% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 52%. As a result, production reached the peak level of $X, and then reduced notably in the following year.

Gypsum And Anhydrite Exports

Exports in Asia-Pacific

In 2021, after two years of decline, there was significant growth in overseas shipments of gypsum and anhydrite, when their volume increased by 25% to X tons. Over the period under review, exports, however, showed a mild downturn. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, gypsum and anhydrite exports soared to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand dominates exports structure, amounting to X tons, which was approx. 79% of total exports in 2021. South Korea (X tons) took a 7.5% share (based on physical terms) of total exports, which put it in second place, followed by Bhutan (4.7%). Australia (X tons) and India (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to gypsum and anhydrite exports from Thailand stood at -3.0%. At the same time, South Korea (+57.9%), India (+27.8%) and Bhutan (+3.8%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +57.9% from 2012-2021. Australia experienced a relatively flat trend pattern. From 2012 to 2021, the share of South Korea, India and Bhutan increased by +7.4, +2.3 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest gypsum and anhydrite supplier in Asia-Pacific, comprising 67% of total exports. The second position in the ranking was held by Bhutan ($X), with a 9.2% share of total exports. It was followed by Australia, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value in Thailand amounted to -1.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Bhutan (+7.6% per year) and Australia (+5.5% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2019 when the export price increased by 7.2% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Bhutan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.8%), while the other leaders experienced more modest paces of growth.

Gypsum And Anhydrite Imports

Imports in Asia-Pacific

In 2021, overseas purchases of gypsum and anhydrite were finally on the rise to reach X tons after two years of decline. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 23%. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, gypsum and anhydrite imports stood at $X in 2021. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 15%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India was the main importer of gypsum and anhydrite in Asia-Pacific, with the volume of imports resulting at X tons, which was near 32% of total imports in 2021. Japan (X tons) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (12%), Bangladesh (8.5%), the Philippines (7.6%), Vietnam (7.3%) and Malaysia (6.3%).

From 2012 to 2021, average annual rates of growth with regard to gypsum and anhydrite imports into India stood at +8.8%. At the same time, the Philippines (+13.7%), Bangladesh (+11.8%), Malaysia (+9.7%), Japan (+2.6%) and Indonesia (+2.2%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +13.7% from 2012-2021. By contrast, Vietnam (-2.6%) illustrated a downward trend over the same period. While the share of India (+6.4 p.p.), the Philippines (+3.5 p.p.), Bangladesh (+3.2 p.p.) and Malaysia (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Japan (-4.5 p.p.), Indonesia (-4.9 p.p.) and Vietnam (-8.5 p.p.) displayed negative dynamics.

In value terms, India ($X), Japan ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 55% share of total imports.

In terms of the main importing countries, India, with a CAGR of +5.2%, 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

In 2021, the import price in Asia-Pacific amounted to $X per ton, increasing by 2.2% against the previous year. Overall, the import price, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2017 an increase of 3.4%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+0.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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