Eastern Asia: Dolomite Market 2024

Dolomite Market Size in Eastern Asia

The East Asian dolomite market rose modestly to $X in 2021, increasing by 4% against the previous year. In general, consumption, however, recorded a perceptible curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Dolomite Production in Eastern Asia

In value terms, dolomite production rose to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2013 when the production volume increased by 10%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Dolomite Exports

Exports in Eastern Asia

Dolomite exports soared to X tons in 2021, growing by 30% compared with 2020 figures. The total export volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, dolomite exports soared to $X in 2021. The total export value increased at an average annual rate of +3.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the largest exporting country with an export of around X tons, which amounted to 84% of total exports. It was distantly followed by South Korea (X tons), constituting a 16% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of chalk and dolomite. At the same time, South Korea (+9.1%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +9.1% from 2012-2021. While the share of South Korea (+7.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (-7.3 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest dolomite supplier in Eastern Asia, comprising 73% of total exports. The second position in the ranking was taken by South Korea ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China stood at +2.0%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, rising by 5.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2014 when the export price increased by 35% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices failed to regain momentum.

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 South Korea ($X per ton), while China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+2.9%).

Dolomite Imports

Imports in Eastern Asia

In 2021, overseas purchases of chalk and dolomite were finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, recorded a noticeable setback. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, dolomite imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a mild decrease. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Japan represented the key importer of chalk and dolomite in Eastern Asia, with the volume of imports amounting to X tons, which was approx. 64% of total imports in 2021. Taiwan (Chinese) (X tons) ranks second in terms of the total imports with a 24% share, followed by China (12%).

Imports into Japan decreased at an average annual rate of -3.6% from 2012 to 2021. At the same time, Taiwan (Chinese) (+2.9%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +2.9% from 2012-2021. By contrast, China (-8.1%) illustrated a downward trend over the same period. Taiwan (Chinese) (+10 p.p.) significantly strengthened its position in terms of the total imports, while Japan and China saw its share reduced by -2.8% and -7.3% from 2012 to 2021, respectively.

In value terms, China ($X), Japan ($X) and Taiwan (Chinese) ($X) were the countries with the highest levels of imports in 2021, with a combined 99% share of total imports.

Taiwan (Chinese), with a CAGR of +7.2%, recorded 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 a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, increasing by 17% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2019 when the import price increased by 37% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the 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 2021, the most notable rate of growth in terms of prices was attained by China (+6.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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