Eastern Asia: Market for Activated Natural Mineral Products 2024

Market Size for Activated Natural Mineral Products in Eastern Asia

After four years of growth, the East Asian activated natural mineral products market decreased by -1.9% to $X in 2021. The market value increased at an average annual rate of +3.8% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked at $X in 2020, and then shrank slightly in the following year.

Production of Activated Natural Mineral Products in Eastern Asia

In value terms, activated natural mineral products production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.6% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 15% against the previous year. The level of production peaked at $X in 2020, and then contracted modestly in the following year.

Exports of Activated Natural Mineral Products

Exports in Eastern Asia

In 2021, overseas shipments of activated natural mineral products increased by 1.8% to 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% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when exports increased by 29% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, activated natural mineral products exports rose markedly to $X in 2021. The total export value increased at an average annual rate of +4.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 24%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

In 2021, China (X tons) was the major exporter of activated natural mineral products in Eastern Asia, constituting 98% of total export.

China was also the fastest-growing in terms of the activated natural mineral products exports, with a CAGR of +3.6% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest activated natural mineral products supplier in Eastern Asia.

From 2012 to 2021, the average annual growth rate of value in China stood at +5.6%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, with an increase of 4.9% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2020 an increase of 14%. The level of export peaked in 2021 and is likely to continue growth in years to come.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +1.9% per year.

Imports of Activated Natural Mineral Products

Imports in Eastern Asia

In 2021, approx. X tons of activated natural mineral products were imported in Eastern Asia; growing by 21% on 2020 figures. In general, imports posted a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 44% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, activated natural mineral products imports surged to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Korea was the main importer of activated natural mineral products in Eastern Asia, with the volume of imports accounting for X tons, which was near 78% of total imports in 2021. Taiwan (Chinese) (X tons) ranks second in terms of the total imports with a 10% share, followed by Japan (6.5%) and China (4.6%).

South Korea was also the fastest-growing in terms of the activated natural mineral products imports, with a CAGR of +13.6% from 2012 to 2021. At the same time, Taiwan (Chinese) (+3.8%) displayed positive paces of growth. By contrast, Japan (-5.2%) and China (-6.4%) illustrated a downward trend over the same period. While the share of South Korea (+30 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Taiwan (Chinese) (-4 p.p.), China (-11.7 p.p.) and Japan (-13.9 p.p.) displayed negative dynamics.

In value terms, South Korea ($X) constitutes the largest market for imported activated natural mineral products in Eastern Asia, comprising 53% of total imports. The second position in the ranking was taken by China ($X), with a 21% share of total imports. It was followed by Taiwan (Chinese), with a 14% share.

In South Korea, activated natural mineral products imports increased at an average annual rate of +4.4% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: China (-5.5% per year) and Taiwan (Chinese) (+2.8% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, shrinking by -4.7% against the previous year. Over the period under review, the import price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2014 when the import price increased by 7.2% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, 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 ($X per ton), while South Korea ($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 (+0.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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