Eastern Asia: Expanded Clays Market 2024

Expanded Clays Market Size in Eastern Asia

After six years of growth, the East Asian expanded clays market decreased by -12.6% to $X in 2021. The total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.3% 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 increased by +71.1% against 2014 indices. As a result, consumption attained the peak level of $X, and then declined in the following year.

Expanded Clays Production in Eastern Asia

In value terms, expanded clays production dropped markedly to $X in 2021 estimated in export price. Over the period under review, production posted prominent growth. The growth pace was the most rapid in 2020 with an increase of 53%. As a result, production reached the peak level of $X, and then reduced dramatically in the following year.

Expanded Clays Exports

Exports in Eastern Asia

In 2021, approx. X tons of exfoliated vermiculite, expanded clays and foamed slag were exported in Eastern Asia; approximately reflecting 2020. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 31%. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, expanded clays exports surged to $X in 2021. In general, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 139%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

China dominates exports structure, accounting for X tons, which was near 93% of total exports in 2021. South Korea (X tons) and Japan (X tons) held a little share of total exports.

Exports from China increased at an average annual rate of +1.6% from 2012 to 2021. At the same time, Japan (+21.6%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +21.6% from 2012-2021. By contrast, South Korea (-11.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and Japan increased by +6.3 and +2.6 percentage points, respectively.

In value terms, China ($X) remains the largest expanded clays supplier in Eastern Asia, comprising 74% of total exports. The second position in the ranking was taken by South Korea ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China totaled +15.1%. In the other countries, the average annual rates were as follows: South Korea (+2.1% per year) and Japan (-1.9% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, picking up by 48% against the previous year. In general, the export price showed buoyant growth. The most prominent rate of growth was recorded in 2020 an increase of 83%. The level of export peaked in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+15.7%), while the other leaders experienced mixed trends in the export price figures.

Expanded Clays Imports

Imports in Eastern Asia

Expanded clays imports rose remarkably to X tons in 2021, growing by 14% against 2020 figures. Over the period under review, imports, however, recorded a mild contraction. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, expanded clays imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 32%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, Japan (X tons) was the main importer of exfoliated vermiculite, expanded clays and foamed slag, constituting 69% of total imports. South Korea (X tons) ranks second in terms of the total imports with a 20% share, followed by Taiwan (Chinese) (6.2%). China (X tons) took a minor share of total imports.

Imports into Japan increased at an average annual rate of +1.4% from 2012 to 2021. At the same time, South Korea (+3.4%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +3.4% from 2012-2021. By contrast, China (-8.1%) and Taiwan (Chinese) (-15.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Japan and South Korea increased by +13 and +6.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported exfoliated vermiculite, expanded clays and foamed slag in Eastern Asia, comprising 73% of total imports. The second position in the ranking was taken by South Korea ($X), with an 18% share of total imports. It was followed by China, with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan amounted to +10.5%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-1.9% per year) and China (-2.6% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, with a decrease of -6.5% against the previous year. Import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, expanded clays import price decreased by -9.1% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the import price increased by 29%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: 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 Japan (+8.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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