Eastern Asia: Feldspar Market 2024

Feldspar Market Size in Eastern Asia

In 2021, after two years of decline, there was growth in the East Asian feldspar market, when its value increased by 3.4% to $X. The total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Feldspar Production in Eastern Asia

In value terms, feldspar production contracted slightly to $X in 2021 estimated in export price. In general, production showed a moderate expansion. The pace of growth appeared the most rapid in 2014 with an increase of 189% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Feldspar Exports

Exports in Eastern Asia

In 2021, shipments abroad of feldspar increased by 21% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, showed a drastic downturn. The growth pace was the most rapid in 2014 with an increase of 57% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, feldspar exports skyrocketed to $X in 2021. Over the period under review, exports showed a mild expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 197%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China dominates exports structure, amounting to X tons, which was approx. 91% of total exports in 2021. It was distantly followed by South Korea (X tons), committing a 6.3% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to feldspar exports from China stood at -5.4%. At the same time, South Korea (+2.3%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +2.3% from 2012-2021. South Korea (+3.1 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -2.3% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest feldspar supplier in Eastern Asia, comprising 83% of total exports. The second position in the ranking was taken by South Korea ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China totaled +2.3%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, surging by 24% against the previous year. In general, the export price showed a prominent increase. The growth pace was the most rapid in 2014 when the export price increased by 89%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 China (+8.2%).

Feldspar Imports

Imports in Eastern Asia

In 2021, after four years of decline, there was significant growth in supplies from abroad of feldspar, when their volume increased by 15% to X tons. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 30% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, feldspar imports skyrocketed to $X in 2021. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 26%. The level of import peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) was the major importer of feldspar, achieving 82% of total imports. China (X tons) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by Japan (6.2%).

Taiwan (Chinese) experienced a relatively flat trend pattern with regard to volume of imports of feldspar. At the same time, Japan (+1.3%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +1.3% from 2012-2021. China experienced a relatively flat trend pattern. From 2012 to 2021, the share of Taiwan (Chinese) and China increased by +4 and +1.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Taiwan (Chinese) ($X), China ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2021, together comprising 98% of total imports.

Among the main importing countries, China, with a CAGR of +1.3%, saw 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, surging by 9.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2015 an increase of 24%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the import prices remained at a somewhat 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 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 Taiwan (Chinese) (+1.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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