Eastern Asia: Alums Market 2024

Alums Market Size in Eastern Asia

The East Asian alums market soared to $X in 2022, rising by 22% against the previous year. The total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +50.1% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Alums Production in Eastern Asia

In value terms, alums production reached $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 52%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Alums Exports

Exports in Eastern Asia

In 2022, overseas shipments of alums decreased by -11.5% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports saw a mild decrease. The pace of growth was the most pronounced in 2015 when exports increased by 282% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, alums exports shrank significantly to $X in 2022. Overall, exports, however, enjoyed a temperate increase. The most prominent rate of growth was recorded in 2015 when exports increased by 190% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China prevails in exports structure, recording X tons, which was approx. 90% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X tons), creating a 9.5% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of alums. Taiwan (Chinese) (-6.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +8.8 percentage points.

In value terms, China ($X) remains the largest alums supplier in Eastern Asia, comprising 92% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 5.5% share of total exports.

In China, alums exports increased at an average annual rate of +10.5% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, waning by -20.3% against the previous year. Export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 an increase of 26%. The level of export peaked at $X per ton in 2021, and then fell dramatically 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 China ($X per ton), while Taiwan (Chinese) totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.1%).

Alums Imports

Imports in Eastern Asia

In 2022, supplies from abroad of alums increased by 20% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 146% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, alums imports skyrocketed to $X in 2022. In general, imports showed a tangible increase. The pace of growth was the most pronounced in 2018 when imports increased by 123% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Japan was the key importer of alums in Eastern Asia, with the volume of imports finishing at X tons, which was approx. 53% of total imports in 2022. South Korea (X tons) took a 19% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (16%) and China (10%).

From 2012 to 2022, average annual rates of growth with regard to alums imports into Japan stood at +4.4%. At the same time, Taiwan (Chinese) (+19.8%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +19.8% from 2012-2022. By contrast, South Korea (-1.5%) and China (-7.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Japan and Taiwan (Chinese) increased by +17 and +13 percentage points, respectively.

In value terms, the largest alums importing markets in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), together accounting for 96% of total imports.

China, with a CAGR of +13.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the import price showed a moderate increase. The growth pace was the most rapid in 2021 when the import price increased by 89% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: 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 China (+22.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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