Eastern Asia: Market for Non-Refractory Clay Constructional Products 2024

Market Size for Non-Refractory Clay Constructional Products in Eastern Asia

The East Asian non-refractory clay constructional products market contracted slightly to $X in 2022, with a decrease of -4.9% against the previous year. Overall, consumption recorded a abrupt decline. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Non-Refractory Clay Constructional Products in Eastern Asia

In value terms, non-refractory clay constructional products production dropped modestly to $X in 2022 estimated in export price. In general, production saw a deep slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by 23%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Non-Refractory Clay Constructional Products

Exports in Eastern Asia

In 2022, shipments abroad of non-refractory clay constructional products increased by 15% to X tons, rising for the fifth consecutive year after two years of decline. Overall, exports recorded prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 393% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, non-refractory clay constructional products exports skyrocketed to $X in 2022. In general, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 199%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

China dominates exports structure, accounting for X tons, which was approx. 97% of total exports in 2022. Hong Kong SAR (X tons) took a relatively small share of total exports.

China was also the fastest-growing in terms of the non-refractory clay constructional products exports, with a CAGR of +13.1% from 2012 to 2022. Hong Kong SAR experienced a relatively flat trend pattern. From 2012 to 2022, the share of China increased by +9.5 percentage points.

In value terms, China ($X) remains the largest non-refractory clay constructional products supplier in Eastern Asia, comprising 95% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 1% share of total exports.

In China, non-refractory clay constructional products exports expanded at an average annual rate of +16.0% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, increasing by 9% against the previous year. Export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-refractory clay constructional products export price decreased by -2.6% against 2020 indices. The growth pace was the most rapid in 2013 an increase of 55%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Hong Kong SAR stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.6%).

Imports of Non-Refractory Clay Constructional Products

Imports in Eastern Asia

In 2022, supplies from abroad of non-refractory clay constructional products decreased by -22.9% to X tons, falling for the second year in a row after two years of growth. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by 302%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, non-refractory clay constructional products imports declined remarkably to $X in 2022. Over the period under review, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of 129%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Macao SAR (X tons) and Taiwan (Chinese) (X tons) dominates imports structure, together generating 73% of total imports. South Korea (X tons) ranks next in terms of the total imports with an 8.6% share, followed by China (8.1%) and Japan (7.4%). Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Macao SAR (with a CAGR of +34.5%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, China ($X), Taiwan (Chinese) ($X) and Macao SAR ($X) were the countries with the highest levels of imports in 2022, with a combined 73% share of total imports.

Macao SAR, with a CAGR of +22.9%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, falling by -34.5% against the previous year. In general, the import price showed a pronounced setback. The growth pace was the most rapid in 2021 when the import price increased by 214%. Over the period under review, import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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