Eastern Asia: Mixtures Of Slag Market 2024

Mixtures Of Slag Market Size in Eastern Asia

The East Asian mixtures of slag market reduced to $X in 2021, waning by -8.9% against the previous year. Over the period under review, consumption, however, continues to indicate a drastic downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Mixtures Of Slag Production in Eastern Asia

In value terms, mixtures of slag production declined to $X in 2021 estimated in export price. In general, production, however, saw a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 17%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Mixtures Of Slag Exports

Exports in Eastern Asia

In 2021, shipments abroad of mixtures of slag was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports posted a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 1,467%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, mixtures of slag exports fell to $X in 2021. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 1,703%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, China (X tons) was the major exporter of mixtures of slag in Eastern Asia, constituting 99% of total export.

China was also the fastest-growing in terms of the mixtures of slag exports, with a CAGR of +44.3% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest mixtures of slag supplier in Eastern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +34.2%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, dropping by -5.1% against the previous year. In general, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 when the export price increased by 33% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -7.0% per year.

Mixtures Of Slag Imports

Imports in Eastern Asia

In 2021, imports of mixtures of slag in Eastern Asia contracted to X tons, dropping by -6.4% compared with 2020. Over the period under review, imports, however, showed a remarkable increase. The growth pace was the most rapid in 2013 when imports increased by 397% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, mixtures of slag imports fell dramatically to $X in 2021. Overall, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 180%. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Korea prevails in imports structure, reaching X tons, which was approx. 79% of total imports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), Japan (X tons) and Hong Kong SAR (X tons), together comprising a 20% share of total imports.

South Korea was also the fastest-growing in terms of the mixtures of slag imports, with a CAGR of +42.4% from 2012 to 2021. At the same time, Hong Kong SAR (+21.8%) displayed positive paces of growth. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Japan (-4.8%) illustrated a downward trend over the same period. While the share of South Korea (+67 p.p.), Japan (+5.6 p.p.) and Hong Kong SAR (+4.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Taiwan (Chinese) (-24.2 p.p.) displayed negative dynamics.

In value terms, South Korea ($X) constitutes the largest market for imported mixtures of slag in Eastern Asia, comprising 52% of total imports. The second position in the ranking was taken by Japan ($X), with a 22% share of total imports. It was followed by Taiwan (Chinese), with an 18% share.

In South Korea, mixtures of slag imports expanded at an average annual rate of +24.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (+18.4% per year) and Taiwan (Chinese) (+2.6% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, reducing by -34.5% against the previous year. Overall, the import price continues to indicate a mild setback. The most prominent rate of growth was recorded in 2016 when the import price increased by 143% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 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 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 Japan (+24.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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