Eastern Asia: Calcium Carbonate Market 2024

Calcium Carbonate Market Size in Eastern Asia

In 2021, the East Asian calcium carbonate market was finally on the rise to reach $X after two years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Calcium Carbonate Production in Eastern Asia

In value terms, calcium carbonate production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, showed a mild decline. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Calcium Carbonate Exports

Exports in Eastern Asia

In 2021, approx. X tons of calcium carbonate were exported in Eastern Asia; surging by 15% against 2020 figures. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, calcium carbonate exports skyrocketed to $X in 2021. In general, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons) represented the largest exporter of calcium carbonate, achieving 64% of total exports. Taiwan (Chinese) (X tons) took the second position in the ranking, followed by Japan (X tons). All these countries together held approx. 35% share of total exports.

China was also the fastest-growing in terms of the calcium carbonate exports, with a CAGR of +2.0% from 2012 to 2021. Japan (-1.4%) and Taiwan (Chinese) (-5.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +14 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest calcium carbonate supplier in Eastern Asia, comprising 54% of total exports. The second position in the ranking was held by Japan ($X), with a 26% share of total exports.

In China, calcium carbonate exports increased at an average annual rate of +5.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (-1.9% per year) and Taiwan (Chinese) (-2.1% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, jumping by 18% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.4%), while the other leaders experienced mixed trends in the export price figures.

Calcium Carbonate Imports

Imports in Eastern Asia

In 2021, overseas purchases of calcium carbonate increased by 11% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +4.3% 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 2017 when imports increased by 27%. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, calcium carbonate imports surged to $X in 2021. The total import value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China represented the key importer of calcium carbonate in Eastern Asia, with the volume of imports recording X tons, which was near 53% of total imports in 2021. South Korea (X tons) took the second position in the ranking, followed by Hong Kong SAR (X tons) and Taiwan (Chinese) (X tons). All these countries together held approx. 45% share of total imports.

China was also the fastest-growing in terms of the calcium carbonate imports, with a CAGR of +6.6% from 2012 to 2021. At the same time, South Korea (+4.7%) and Taiwan (Chinese) (+4.7%) displayed positive paces of growth. Hong Kong SAR experienced a relatively flat trend pattern. From 2012 to 2021, the share of China increased by +9.6 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest calcium carbonate importing markets in Eastern Asia were South Korea ($X), China ($X) and Taiwan (Chinese) ($X), together comprising 94% of total imports.

Among the main importing countries, South Korea, with a CAGR of +8.8%, 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 2021, the import price in Eastern Asia amounted to $X per ton, picking up by 27% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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