China: Market for Activated Natural Mineral Products 2024

Market Size for Activated Natural Mineral Products in China

In 2021, after four years of growth, there was decline in the Chinese activated natural mineral products market, when its value decreased by -4.1% to $X. In general, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 8.5%. As a result, consumption reached the peak level of $X, and then shrank modestly in the following year.

Production of Activated Natural Mineral Products in China

In value terms, activated natural mineral products production shrank slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 9.5% against the previous year. As a result, production reached the peak level of $X, and then contracted modestly in the following year.

Exports of Activated Natural Mineral Products

Exports from China

In 2021, overseas shipments of activated natural mineral products were finally on the rise to reach 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 +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 30%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, activated natural mineral products exports rose significantly to $X in 2021. In general, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% 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 +45.1% against 2016 indices. The pace of growth was the most pronounced in 2014 when exports increased by 26% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

South Korea (X tons), Japan (X tons) and Indonesia (X tons) were the main destinations of activated natural mineral products exports from China, together comprising 62% of total exports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +32.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Thailand ($X) and Indonesia ($X) constituted the largest markets for activated natural mineral products exported from China worldwide, together accounting for 44% of total exports. These countries were followed by Japan, the Philippines, Malaysia and Bangladesh, which together accounted for a further 32%.

The Philippines, with a CAGR of +26.7%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average activated natural mineral products export price amounted to $X per ton, rising by 6.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 11%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Activated Natural Mineral Products

Imports into China

For the fourth consecutive year, China recorded decline in supplies from abroad of activated natural mineral products, which decreased by -12.4% to X tons in 2021. In general, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2017 with an increase of 6.8%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, activated natural mineral products imports fell to $X in 2021. Over the period under review, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of 6.6% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons), France (X tons) and Indonesia (X tons) were the main suppliers of activated natural mineral products imports to China, together accounting for 67% of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +39.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of activated natural mineral products to China, comprising 41% of total imports. The second position in the ranking was held by the UK ($X), with a 20% share of total imports. It was followed by Japan, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to -6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+12.3% per year) and Japan (-6.7% per year).

Import Prices by Country

The average activated natural mineral products import price stood at $X per ton in 2021, growing by 14% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Indonesia ($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 (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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