Eastern Asia: Market for Non-Refractory Clay Flooring Blocks, Support Or Filler Tiles 2024

Market Size for Non-Refractory Clay Flooring Blocks, Support Or Filler Tiles in Eastern Asia

The East Asian market for non-refractory clay flooring blocks, support or filler tiles expanded modestly to $X in 2022, surging by 2.1% against the previous year. Over the period under review, consumption recorded a mild slump. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Non-Refractory Clay Flooring Blocks, Support Or Filler Tiles in Eastern Asia

In value terms, production of non-refractory clay flooring blocks, support or filler tiles rose slightly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 14%. As a result, production reached the peak level of $X. From 2016 to 2022, production of growth failed to regain momentum.

Exports of Non-Refractory Clay Flooring Blocks, Support Or Filler Tiles

Exports in Eastern Asia

In 2022, the amount of non-refractory clay flooring blocks, support or filler tiles exported in Eastern Asia reduced slightly to X tons, approximately reflecting the year before. Over the period under review, exports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2017 when exports increased by 99% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of non-refractory clay flooring blocks, support or filler tiles skyrocketed to $X in 2022. In general, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 74% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

In 2022, China (X tons) was the key exporter of non-refractory clay flooring blocks, support or filler tiles in Eastern Asia, creating 100% of total export.

China was also the fastest-growing in terms of the non-refractory clay flooring blocks, support or filler tiles exports, with a CAGR of +7.2% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest non-refractory clay flooring blocks, support or filler tiles supplier in Eastern Asia.

In China, exports of non-refractory clay flooring blocks, support or filler tiles increased at an average annual rate of +19.9% 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 43% against the previous year. Overall, the export price saw a prominent expansion. The most prominent rate of growth was recorded in 2013 when the export price increased by 74% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +11.9% per year.

Imports of Non-Refractory Clay Flooring Blocks, Support Or Filler Tiles

Imports in Eastern Asia

Imports of non-refractory clay flooring blocks, support or filler tiles contracted modestly to X tons in 2022, declining by -5% on the year before. Over the period under review, imports, however, continue to indicate pronounced growth. The growth pace was the most rapid in 2017 with an increase of 347%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of non-refractory clay flooring blocks, support or filler tiles contracted to $X in 2022. In general, imports, however, posted a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of 446% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

Hong Kong SAR represented the key importing country with an import of about X tons, which recorded 68% of total imports. It was distantly followed by Japan (X tons), Macao SAR (X tons) and Democratic People's Republic of Korea (X tons), together generating a 26% share of total imports. The following importers - South Korea (X tons) and Taiwan (Chinese) (X tons) - each accounted for a 6.6% share of total imports.

Hong Kong SAR was also the fastest-growing in terms of the non-refractory clay flooring blocks, support or filler tiles imports, with a CAGR of +27.1% from 2012 to 2022. At the same time, Macao SAR (+5.7%) displayed positive paces of growth. By contrast, Democratic People's Republic of Korea (-4.0%), South Korea (-5.2%), Japan (-8.1%) and Taiwan (Chinese) (-10.5%) illustrated a downward trend over the same period. While the share of Hong Kong SAR (+58 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Korea (-5.2 p.p.), Democratic People's Republic of Korea (-5.7 p.p.), Taiwan (Chinese) (-11.3 p.p.) and Japan (-36.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported non-refractory clay flooring blocks, support or filler tiles in Eastern Asia, comprising 77% of total imports. The second position in the ranking was taken by Japan ($X), with a 9.7% share of total imports. It was followed by South Korea, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Hong Kong SAR stood at +40.2%. In the other countries, the average annual rates were as follows: Japan (-6.3% per year) and South Korea (-4.4% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, declining by -3.6% against the previous year. Import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for non-refractory clay flooring blocks, support or filler tiles decreased by -9.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 25% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+10.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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