Eastern Asia: Market for Gypsum, Anhydrite And Limestone 2024

Market Size for Gypsum, Anhydrite And Limestone in Eastern Asia

After three years of growth, the East Asian gypsum, anhydrite and limestone market decreased by -5.6% to $X in 2021. The total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% 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 +39.6% against 2017 indices. The level of consumption peaked at $X in 2020, and then reduced in the following year.

Production of Gypsum, Anhydrite And Limestone in Eastern Asia

In value terms, gypsum, anhydrite and limestone production reduced to $X in 2021 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +39.5% against 2016 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by 27% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then dropped in the following year.

Exports of Gypsum, Anhydrite And Limestone

Exports in Eastern Asia

In 2021, approx. X tons of gypsum, anhydrite and limestone were exported in Eastern Asia; increasing by 14% on 2020. The total export volume increased at an average annual rate of +3.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2013 when exports increased by 21% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in years to come.

In value terms, gypsum, anhydrite and limestone exports surged to $X in 2021. The total export value increased at an average annual rate of +5.0% over the period 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

Japan represented the key exporting country with an export of about X tons, which recorded 79% of total exports. It was distantly followed by China (X tons) and South Korea (X tons), together committing a 21% share of total exports.

Exports from Japan increased at an average annual rate of +2.6% from 2012 to 2021. At the same time, South Korea (+52.4%) and China (+5.2%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +52.4% from 2012-2021. From 2012 to 2021, the share of South Korea increased by +8.2 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest gypsum, anhydrite and limestone supplying countries in Eastern Asia were Japan ($X), China ($X) and South Korea ($X), with a combined 100% share of total exports.

South Korea, with a CAGR of +18.2%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, surging by 16% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 China ($X per ton), while South Korea ($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 (+5.6%).

Imports of Gypsum, Anhydrite And Limestone

Imports in Eastern Asia

In 2021, after four years of growth, there was significant decline in supplies from abroad of gypsum, anhydrite and limestone, when their volume decreased by -26.1% to X tons. The total import volume increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 20% against the previous year. The volume of import peaked at X tons in 2020, and then contracted dramatically in the following year.

In value terms, gypsum, anhydrite and limestone imports reduced to $X in 2021. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 18%. The level of import peaked at $X in 2020, and then declined in the following year.

Imports by Country

Taiwan (Chinese) (X tons) and Japan (X tons) represented the key importers of gypsum, anhydrite and limestone in 2021, recording approx. 38% and 33% of total imports, respectively. South Korea (X tons) held an 18% share (based on physical terms) of total imports, which put it in second place, followed by China (9.9%). Hong Kong SAR (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +44.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported gypsum, anhydrite and limestone in Eastern Asia, comprising 47% of total imports. The second position in the ranking was taken by South Korea ($X), with an 18% share of total imports. It was followed by Taiwan (Chinese), with a 15% share.

In Japan, gypsum, anhydrite and limestone imports expanded at an average annual rate of +1.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (+4.3% per year) and Taiwan (Chinese) (-2.3% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, growing by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Hong Kong SAR ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+22.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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