Asia-Pacific: Market for Gypsum, Anhydrite And Limestone 2024

Market Size for Gypsum, Anhydrite And Limestone in Asia-Pacific

In 2021, after two years of growth, there was decline in the Asia-Pacific gypsum, anhydrite and limestone market, when its value decreased by -3.2% to $X. The market value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2020, and then declined slightly in the following year.

Production of Gypsum, Anhydrite And Limestone in Asia-Pacific

In value terms, gypsum, anhydrite and limestone production fell slightly to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 13%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Gypsum, Anhydrite And Limestone

Exports in Asia-Pacific

In 2021, overseas shipments of gypsum, anhydrite and limestone increased by 33% to X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, gypsum, anhydrite and limestone exports surged to $X in 2021. The total export value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Thailand (X tons) and Japan (X tons) represented roughly 57% of total exports in 2021. It was distantly followed by India (X tons), Vietnam (X tons) and Malaysia (X tons), together making up a 29% share of total exports. The following exporters - the Philippines (X tons) and China (X tons) - each recorded an 8.7% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +12.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the largest gypsum, anhydrite and limestone supplier in Asia-Pacific, comprising 34% of total exports. The second position in the ranking was held by Japan ($X), with a 15% share of total exports. It was followed by India, with a 13% share.

In Thailand, gypsum, anhydrite and limestone exports remained relatively stable over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+2.5% per year) and India (+2.9% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, reducing by -4% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 9.9% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

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 Malaysia ($X per ton), while the Philippines ($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 (+6.2%), while the other leaders experienced more modest paces of growth.

Imports of Gypsum, Anhydrite And Limestone

Imports in Asia-Pacific

In 2021, approx. X tons of gypsum, anhydrite and limestone were imported in Asia-Pacific; picking up by 7.1% against the previous year's figure. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +100.1% against 2012 indices. The growth pace was the most rapid in 2018 with an increase of 17%. The volume of import peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, gypsum, anhydrite and limestone imports skyrocketed to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India prevails in imports structure, finishing at X tons, which was approx. 59% of total imports in 2021. Bangladesh (X tons) took a 7.1% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (6.6%), Taiwan (Chinese) (5.4%) and Japan (4.7%). Vietnam (X tons) and the Philippines (X tons) held a little share of total imports.

Imports into India increased at an average annual rate of +11.5% from 2012 to 2021. At the same time, the Philippines (+13.6%), Indonesia (+8.6%), Vietnam (+4.1%) and Bangladesh (+3.9%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +13.6% from 2012-2021. Japan and Taiwan (Chinese) experienced a relatively flat trend pattern. India (+15 p.p.) significantly strengthened its position in terms of the total imports, while Vietnam, Bangladesh, Japan and Taiwan (Chinese) saw its share reduced by -1.7%, -3%, -4.2% and -4.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported gypsum, anhydrite and limestone in Asia-Pacific, comprising 51% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 9.9% share of total imports. It was followed by Japan, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in India totaled +9.4%. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (+8.6% per year) and Japan (+1.5% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, surging by 11% against the previous year. Overall, the import price, however, continues to indicate a perceptible reduction. 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 by country of destination: amid the top importers, 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 Japan (+0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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