Eastern Asia: Agglomerated Dolomite Market 2024

Agglomerated Dolomite Market Size in Eastern Asia

In 2022, the East Asian agglomerated dolomite market decreased by -14% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2021, and then declined in the following year.

Agglomerated Dolomite Production in Eastern Asia

In value terms, agglomerated dolomite production rose modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2018 when the production volume increased by 92%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Agglomerated Dolomite Exports

Exports in Eastern Asia

Agglomerated dolomite exports reduced remarkably to X tons in 2022, waning by -16.8% on the year before. Overall, exports faced a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 51% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, agglomerated dolomite exports declined markedly to $X in 2022. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 56%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Korea was the largest exporter of agglomerated dolomite in Eastern Asia, with the volume of exports accounting for X tons, which was near 62% of total exports in 2022. China (X tons) took a 19% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (16%). Hong Kong SAR (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to agglomerated dolomite exports from South Korea stood at -19.9%. At the same time, Hong Kong SAR (+6.8%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +6.8% from 2012-2022. By contrast, China (-7.4%) and Taiwan (Chinese) (-11.4%) illustrated a downward trend over the same period. While the share of China (+13 p.p.), Taiwan (Chinese) (+8.3 p.p.) and Hong Kong SAR (+2.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Korea (-21.1 p.p.) displayed negative dynamics.

In value terms, South Korea ($X) remains the largest agglomerated dolomite supplier in Eastern Asia, comprising 73% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 18% share of total exports. It was followed by China, with a 5.8% share.

From 2012 to 2022, the average annual growth rate of value in South Korea amounted to -18.4%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (-6.5% per year) and China (-9.5% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, flattening at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2020 an increase of 17% against the previous year. The level of export peaked at $X per ton in 2021, and then contracted slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+15.3%), while the other leaders experienced more modest paces of growth.

Agglomerated Dolomite Imports

Imports in Eastern Asia

In 2022, supplies from abroad of agglomerated dolomite decreased by -29.6% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 145% against the previous year. As a result, imports attained the peak of X tons, and then contracted significantly in the following year.

In value terms, agglomerated dolomite imports shrank dramatically to $X in 2022. Over the period under review, imports, however, showed a perceptible increase. The pace of growth was the most pronounced in 2021 with an increase of 161%. As a result, imports attained the peak of $X, and then shrank dramatically in the following year.

Imports by Country

South Korea represented the major importing country with an import of about X tons, which amounted to 52% of total imports. Taiwan (Chinese) (X tons) held the second position in the ranking, distantly followed by Japan (X tons). All these countries together took approx. 46% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by South Korea (with a CAGR of +28.4%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, South Korea ($X), Taiwan (Chinese) ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 98% of total imports.

In terms of the main importing countries, South Korea, with a CAGR of +21.5%, 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 mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, declining by -1.8% against the previous year. Import price indicated a perceptible expansion from 2012 to 2022: its price 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, agglomerated dolomite import price decreased by -5.6% against 2019 indices. The growth pace was the most rapid in 2018 when the import price increased by 35% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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