Eastern Asia: Common Clay Market 2024

Common Clay Market Size in Eastern Asia

The East Asian common clay market shrank to $X in 2022, with a decrease of -2.6% against the previous year. In general, consumption recorded a perceptible contraction. The pace of growth was the most pronounced in 2018 when the market value increased by 9.4%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Common Clay Production in Eastern Asia

In value terms, common clay production shrank modestly to $X in 2022 estimated in export price. In general, production showed a noticeable decrease. The pace of growth was the most pronounced in 2018 with an increase of 13% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Common Clay Exports

Exports in Eastern Asia

In 2022, after two years of growth, there was significant decline in shipments abroad of common clay, when their volume decreased by -38.2% to X tons. Over the period under review, exports continue to indicate a deep setback. The growth pace was the most rapid in 2017 with an increase of 24% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, common clay exports reduced markedly to $X in 2022. In general, exports saw a abrupt descent. The growth pace was the most rapid in 2017 when exports increased by 16% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China represented the largest exporting country with an export of about X tons, which resulted at 75% of total exports. It was distantly followed by Taiwan (Chinese) (X tons) and Japan (X tons), together comprising a 25% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to common clay exports from China stood at -9.3%. Taiwan (Chinese) experienced a relatively flat trend pattern. Japan (-12.9%) illustrated a downward trend over the same period. While the share of Taiwan (Chinese) (+9.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (-3.5 p.p.) and Japan (-5.7 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest common clay supplier in Eastern Asia, comprising 63% of total exports. The second position in the ranking was held by Japan ($X), with an 18% share of total exports.

In China, common clay exports shrank by an average annual rate of -2.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-13.8% per year) and Taiwan (Chinese) (+0.7% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, surging by 34% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. Over the period under review, the export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 2022, the most notable rate of growth in terms of prices was attained by China (+7.5%), while the other leaders experienced mixed trends in the export price figures.

Common Clay Imports

Imports in Eastern Asia

In 2022, after five years of growth, there was significant decline in overseas purchases of common clay, when their volume decreased by -31.2% to X tons. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 27% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then reduced dramatically in the following year.

In value terms, common clay imports shrank to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 45%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

Japan (X tons) and Taiwan (Chinese) (X tons) represented the main importers of common clay in 2022, reaching near 39% and 38% of total imports, respectively. China (X tons) ranks next in terms of the total imports with a 17% share, followed by South Korea (6.2%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Taiwan (Chinese) (with a CAGR of +1.2%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Japan ($X), China ($X) and South Korea ($X) were the countries with the highest levels of imports in 2022, with a combined 94% share of total imports.

China, with a CAGR of +0.4%, recorded the highest growth rate of the value of imports, among 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, picking up by 28% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 South Korea (+9.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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