Eastern Asia: Activated Carbon Market 2024

Activated Carbon Market Size in Eastern Asia

The East Asian activated carbon market shrank modestly to $X in 2022, leveling off at the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Activated Carbon Production in Eastern Asia

In value terms, activated carbon production reduced modestly to $X in 2022 estimated in export price. In general, production, however, saw a slight shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 31%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Activated Carbon Exports

Exports in Eastern Asia

In 2022, exports of activated carbon in Eastern Asia fell modestly to X tons, remaining constant against the year before. The total export volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 54% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then fell slightly in the following year.

In value terms, activated carbon exports soared to $X in 2022. Total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.0% against 2020 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 27%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China prevails in exports structure, amounting to X tons, which was near 95% of total exports in 2022. Japan (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to activated carbon exports from China stood at +2.4%. At the same time, Japan (+3.2%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +3.2% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest activated carbon supplier in Eastern Asia, comprising 83% of total exports. The second position in the ranking was taken by Japan ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +5.7%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, jumping by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2016 when the export price increased by 31%. Over the period under review, the export prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.2%).

Activated Carbon Imports

Imports in Eastern Asia

In 2022, imports of activated carbon in Eastern Asia dropped to X tons, waning by -6.4% compared with 2021. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 16% against the previous year. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, activated carbon imports totaled $X in 2022. Total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +22.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

Japan (X tons), South Korea (X tons), China (X tons) and Taiwan (Chinese) (X tons) represented roughly 99% of total imports in 2022.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +11.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest activated carbon importing markets in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), with a combined 90% share of total imports.

Among the main importing countries, China, with a CAGR of +11.9%, recorded the highest rates of growth with regard to 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 2022, the import price in Eastern Asia amounted to $X per ton, surging by 7.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2018 when the import price increased by 12%. The level of import peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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