Eastern Asia: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in Eastern Asia

In 2021, after three years of decline, there was significant growth in the East Asian double or complex silicates market, when its value increased by 12% to $X. The total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -46.3% against 2017 indices. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Production of Double Or Complex Silicates in Eastern Asia

In value terms, double or complex silicates production surged to $X in 2021 estimated in export price. Overall, production saw a prominent expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 67% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Double Or Complex Silicates

Exports in Eastern Asia

In 2021, double or complex silicates exports in Eastern Asia rose sharply to X tons, surging by 5.8% compared with 2020 figures. Overall, exports, however, faced a abrupt slump. The pace of growth was the most pronounced in 2019 with an increase of 15% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, double or complex silicates exports surged to $X in 2021. In general, exports showed a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 112% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

South Korea represented the major exporting country with an export of around X tons, which amounted to 61% of total exports. Japan (X tons) held the second position in the ranking, distantly followed by China (X tons). All these countries together took near 38% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Japan (with a CAGR of +15.3%), while the other leaders experienced a decline in the exports figures.

In value terms, Japan ($X) remains the largest double or complex silicates supplier in Eastern Asia, comprising 89% of total exports. The second position in the ranking was held by South Korea ($X), with an 8.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan stood at +23.1%. In the other countries, the average annual rates were as follows: South Korea (-7.4% per year) and China (-26.3% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, surging by 12% against the previous year. In general, the export price saw significant growth. The most prominent rate of growth was recorded in 2017 when the export price increased by 303% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while South Korea ($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 (+10.7%), while the other leaders experienced more modest paces of growth.

Imports of Double Or Complex Silicates

Imports in Eastern Asia

In 2021, supplies from abroad of double or complex silicates increased by 5.4% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2018 with an increase of 11%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, double or complex silicates imports soared to $X in 2021. Overall, imports continue to indicate a resilient increase. The growth pace was the most rapid in 2018 when imports increased by 89%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Japan (X tons) was the major importer of double or complex silicates, constituting 52% of total imports. China (X tons) took a 27% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (12%) and Taiwan (Chinese) (8.9%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of +19.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest double or complex silicates importing markets in Eastern Asia were Japan ($X), China ($X) and South Korea ($X), with a combined 95% share of total imports.

Among the main importing countries, China, with a CAGR of +19.0%, 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

The import price in Eastern Asia stood at $X per ton in 2021, with an increase of 10% against the previous year. Overall, the import price saw strong growth. The pace of growth was the most pronounced in 2018 when the import price increased by 71%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+12.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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