Eastern Asia: Market for Refractory Products of Siliceous or Diatomite Earths 2024

Market Size for Refractory Products of Siliceous or Diatomite Earths in Eastern Asia

The East Asian market for refractory products of siliceous or diatomite earths soared to $X in 2021, picking up by 21% against the previous year. Overall, consumption, however, saw a slight setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Refractory Products of Siliceous or Diatomite Earths in Eastern Asia

In value terms, production of refractory products of siliceous or diatomite earths skyrocketed to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 63%. Over the period under review, production of attained the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Refractory Products of Siliceous or Diatomite Earths

Exports in Eastern Asia

In 2021, overseas shipments of refractory products of siliceous or diatomite earths decreased by -39.8% to X tons, falling for the second consecutive year after two years of growth. In general, exports saw a deep downturn. The pace of growth was the most pronounced in 2019 with an increase of 38% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of refractory products of siliceous or diatomite earths shrank dramatically to $X in 2021. Overall, exports, however, recorded a notable increase. The most prominent rate of growth was recorded in 2013 when exports increased by 162%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

China dominates earths structure, reaching X tons, which was near 97% of total exports in 2021. South Korea (X tons) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of -7.9% from 2012 to 2021. South Korea (-3.6%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest refractory products of siliceous or diatomite earths supplier in Eastern Asia, comprising 80% of total exports. The second position in the ranking was taken by South Korea ($X), with a 15% share of total exports.

In China, exports of refractory products of siliceous or diatomite earths increased at an average annual rate of +2.6% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, surging by 24% against the previous year. In general, the export price saw a resilient increase. The growth pace was the most rapid in 2013 an increase of 187%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

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 South Korea ($X per ton), while China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+19.2%).

Imports of Refractory Products of Siliceous or Diatomite Earths

Imports in Eastern Asia

In 2021, imports of refractory products of siliceous or diatomite earths in Eastern Asia declined to X tons, waning by -6.1% against 2020. Overall, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2015 when imports increased by 33%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of refractory products of siliceous or diatomite earths shrank significantly to $X in 2021. In general, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 37%. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Japan represented the main importing country with an import of about X tons, which resulted at 63% of total imports. South Korea (X tons) held a 15% share (based on physical terms) of total imports, which put it in second place, followed by China (11%) and Taiwan (Chinese) (9.8%).

From 2012 to 2021, average annual rates of growth with regard to refractory products of siliceous or diatomite earths imports into Japan stood at -3.8%. At the same time, Taiwan (Chinese) (+38.0%) and China (+6.7%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +38.0% from 2012-2021. By contrast, South Korea (-15.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Japan, Taiwan (Chinese) and China increased by +14, +9.5 and +7.7 percentage points, respectively.

In value terms, Japan ($X) constitutes the largest market for imported refractory products of siliceous or diatomite earths in Eastern Asia, comprising 50% of total imports. The second position in the ranking was taken by China ($X), with a 22% share of total imports. It was followed by South Korea, with a 14% share.

In Japan, imports of refractory products of siliceous or diatomite earths shrank by an average annual rate of -6.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: China (-4.4% per year) and South Korea (-7.9% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, reducing by -16% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the import price increased by 54%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+8.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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