Asia: Market for Refractory Products of Siliceous or Diatomite Earths 2024

Market Size for Refractory Products of Siliceous or Diatomite Earths in Asia

The Asian market for refractory products of siliceous or diatomite earths skyrocketed to $X in 2021, with an increase of 18% against the previous year. Overall, consumption, however, showed a slight curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Refractory Products of Siliceous or Diatomite Earths in Asia

In value terms, production of refractory products of siliceous or diatomite earths soared to $X in 2021 estimated in export price. Overall, production, however, recorded a slight reduction. The pace of growth was the most pronounced in 2018 when the production volume increased by 57% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Refractory Products of Siliceous or Diatomite Earths

Exports in Asia

In 2021, overseas shipments of refractory products of siliceous or diatomite earths decreased by -16.7% to X tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a noticeable reduction. The most prominent rate of growth was recorded in 2019 when exports increased by 26% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of refractory products of siliceous or diatomite earths declined to $X in 2021. Total exports indicated a remarkable increase from 2012 to 2021: its value 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. Based on 2021 figures, exports decreased by -19.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 107%. Over the period under review, the exports of attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, China (X tons) was the key exporter of refractory products of siliceous or diatomite earths, comprising 46% of total exports. Turkey (X tons) took the second position in the ranking, followed by the Philippines (X tons), India (X tons) and Bangladesh (X tons). All these countries together held near 41% share of total exports. The United Arab Emirates (X tons) and Oman (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to refractory products of siliceous or diatomite earths exports from China stood at -7.9%. At the same time, Oman (+54.1%), Turkey (+51.3%), the Philippines (+32.2%) and the United Arab Emirates (+15.5%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in Asia, with a CAGR of +54.1% from 2012-2021. By contrast, India (-3.0%) and Bangladesh (-6.1%) illustrated a downward trend over the same period. Turkey (+17 p.p.), the Philippines (+9.6 p.p.), the United Arab Emirates (+2.8 p.p.) and Oman (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while Bangladesh and China saw its share reduced by -1.9% and -30% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest refractory products of siliceous or diatomite earths supplying countries in Asia were China ($X), the Philippines ($X) and Turkey ($X), with a combined 76% share of total exports. The United Arab Emirates, Bangladesh, India and Oman lagged somewhat behind, together accounting for a further 10%.

Among the main exporting countries, Oman, with a CAGR of +47.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, with an increase of 6.1% against the previous year. Export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +8.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for refractory products of siliceous or diatomite earths increased by +34.6% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by 129% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 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 the Philippines ($X per ton), while India ($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 (+11.4%), while the other leaders experienced a decline in the export price figures.

Imports of Refractory Products of Siliceous or Diatomite Earths

Imports in Asia

In 2021, approx. X tons of refractory products of siliceous or diatomite earths were imported in Asia; picking up by 11% on the previous year. Over the period under review, imports recorded a mild expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 73%. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, imports of refractory products of siliceous or diatomite earths expanded significantly to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 64%. Over the period under review, imports of attained the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Saudi Arabia represented the largest importing country with an import of around X tons, which reached 38% of total imports. Japan (X tons) held the second position in the ranking, distantly followed by Kazakhstan (X tons). All these countries together took near 24% share of total imports. Malaysia (X tons), South Korea (X tons), the Philippines (X tons), Mongolia (X tons), China (X tons), Qatar (X tons), Taiwan (Chinese) (X tons), India (X tons), Vietnam (X tons) and Singapore (X tons) followed a long way behind the leaders.

Imports into Saudi Arabia increased at an average annual rate of +25.7% from 2012 to 2021. At the same time, Taiwan (Chinese) (+38.0%), Vietnam (+18.4%), Qatar (+11.5%), the Philippines (+9.6%), Kazakhstan (+9.6%), Mongolia (+9.1%), Malaysia (+7.1%), China (+6.7%) and Singapore (+5.6%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Asia, with a CAGR of +38.0% from 2012-2021. By contrast, Japan (-3.8%), India (-14.3%) and South Korea (-15.0%) illustrated a downward trend over the same period. Saudi Arabia (+33 p.p.), Kazakhstan (+3.5 p.p.), Taiwan (Chinese) (+2.5 p.p.), the Philippines (+1.9 p.p.), Mongolia (+1.7 p.p.), Malaysia (+1.6 p.p.) and Qatar (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while India, Japan and South Korea saw its share reduced by -7.4%, -10.7% and -15.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest refractory products of siliceous or diatomite earths importing markets in Asia were Saudi Arabia ($X), Japan ($X) and China ($X), together accounting for 57% of total imports.

In terms of the main importing countries, Saudi Arabia, with a CAGR of +19.6%, 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

In 2021, the import price in Asia amounted to $X per ton, dropping by -4.7% against the previous year. Over the period under review, the import price showed a perceptible shrinkage. The growth pace was the most rapid in 2013 an increase of 35% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+8.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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