Asia: Enamels And Glazes Market 2024

Enamels And Glazes Market Size in Asia

In 2021, the Asian enamels and glazes market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Enamels And Glazes Production in Asia

In value terms, enamels and glazes production expanded slightly to $X in 2021 estimated in export price. In general, production, however, recorded a slight setback. The pace of growth appeared the most rapid in 2013 with an increase of 116% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Enamels And Glazes Exports

Exports in Asia

In 2021, enamels and glazes exports in Asia skyrocketed to X tons, growing by 58% compared with the year before. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +10.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +69.3% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, enamels and glazes exports surged to $X in 2021. Total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.7% 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 increased by +84.3% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, reaching X tons, which was near 85% of total exports in 2021. Taiwan (Chinese) (X tons), Japan (X tons), India (X tons), Vietnam (X tons) and Thailand (X tons) took a minor share of total exports.

Exports from China increased at an average annual rate of +12.8% from 2012 to 2021. At the same time, India (+88.8%), Vietnam (+23.7%), Thailand (+17.5%) and Japan (+14.8%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +88.8% from 2012-2021. By contrast, Taiwan (Chinese) (-10.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and India increased by +13 and +2.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest enamels and glazes supplier in Asia, comprising 65% of total exports. The second position in the ranking was held by Thailand ($X), with a 2.5% share of total exports. It was followed by Taiwan (Chinese), with a 2.4% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +12.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+13.9% per year) and Taiwan (Chinese) (-13.1% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, waning by -13.7% against the previous year. Overall, the export price saw a noticeable decline. The most prominent rate of growth was recorded in 2018 when the export price increased by 23%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Thailand ($X per ton), while India ($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 (+0.1%), while the other leaders experienced a decline in the export price figures.

Enamels And Glazes Imports

Imports in Asia

Enamels and glazes imports soared to X tons in 2021, jumping by 20% compared with 2020. The total import volume increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, enamels and glazes imports surged to $X in 2021. The total import value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 33%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The countries with the highest levels of enamels and glazes imports in 2021 were Bangladesh (X tons), Vietnam (X tons), Saudi Arabia (X tons), Indonesia (X tons), China (X tons), Turkey (X tons), Sri Lanka (X tons), Cambodia (X tons), Malaysia (X tons), Thailand (X tons), Uzbekistan (X tons) and the United Arab Emirates (X tons), together accounting for 89% of total import.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +93.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest enamels and glazes importing markets in Asia were China ($X), Vietnam ($X) and Saudi Arabia ($X), together comprising 29% of total imports. Bangladesh, Thailand, Indonesia, Malaysia, Turkey, Sri Lanka, Uzbekistan, the United Arab Emirates and Cambodia lagged somewhat behind, together accounting for a further 31%.

Cambodia, with a CAGR of +55.2%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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 stood at $X per ton in 2021, with an increase of 2.6% against the previous year. In general, the import price, however, saw a perceptible setback. The growth pace was the most rapid in 2013 when the import price increased by 28%. 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 ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+9.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :