China: Gypsum And Anhydrite Market 2024

Gypsum And Anhydrite Market Size in China

In 2021, the Chinese gypsum and anhydrite market decreased by -17.8% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then declined notably in the following year.

Gypsum And Anhydrite Production in China

In value terms, gypsum and anhydrite production dropped sharply to $X in 2021 estimated in export price. In general, production, however, showed a pronounced increase. The most prominent rate of growth was recorded in 2020 with an increase of 81% against the previous year. As a result, production attained the peak level of $X, and then dropped rapidly in the following year.

Gypsum And Anhydrite Exports

Exports from China

In 2021, approx. X tons of gypsum and anhydrite were exported from China; waning by -44.5% against the previous year. In general, exports showed a deep downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 12%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, gypsum and anhydrite exports fell slightly to $X in 2021. Overall, exports recorded a mild decline. The pace of growth appeared the most rapid in 2018 with an increase of 19% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

South Korea (X tons) was the main destination for gypsum and anhydrite exports from China, with a 60% share of total exports. Moreover, gypsum and anhydrite exports to South Korea exceeded the volume sent to the second major destination, Vietnam (X tons), sixfold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume to South Korea amounted to -12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-28.6% per year) and Taiwan (Chinese) (-3.5% per year).

In value terms, the largest markets for gypsum and anhydrite exported from China were South Korea ($X), Japan ($X) and Taiwan (Chinese) ($X), with a combined 41% share of total exports. Ghana, Indonesia, Vietnam, the United States, Russia, Myanmar, Congo and Mongolia lagged somewhat behind, together accounting for a further 30%.

Ghana, with a CAGR of +90.3%, saw the highest rates of growth with regard to the value of exports, among 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

The average gypsum and anhydrite export price stood at $X per ton in 2021, increasing by 78% against the previous year. Overall, the export price recorded strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Japan ($X per ton), while the average price for exports to South Korea ($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 Russia (+35.7%), while the prices for the other major destinations experienced more modest paces of growth.

Gypsum And Anhydrite Imports

Imports into China

In 2021, after nine years of growth, there was significant decline in purchases abroad of gypsum and anhydrite, when their volume decreased by -5.3% to X tons. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 155% against the previous year. Imports peaked at X tons in 2020, and then fell in the following year.

In value terms, gypsum and anhydrite imports surged to $X in 2021. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 87%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of gypsum and anhydrite to China, accounting for a 59% share of total imports. Moreover, gypsum and anhydrite imports from Thailand exceeded the figures recorded by the second-largest supplier, Iran (X tons), threefold. Morocco (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand amounted to +50.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+333.8% per year) and Morocco (+104.5% per year).

In value terms, Thailand ($X), Morocco ($X) and Iran ($X) appeared to be the largest gypsum and anhydrite suppliers to China, with a combined 81% share of total imports.

Iran, with a CAGR of +252.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average gypsum and anhydrite import price stood at $X per ton in 2021, jumping by 30% against the previous year. Over the period under review, the import price, however, saw a deep slump. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+25.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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