Eastern Asia: Steatite Market 2021

Steatite Market Size in Eastern Asia

In 2019, after two years of growth, there was decline in the East Asian steatite market, when its value decreased by -X% to $X. The total consumption indicated a buoyant expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2018, and then shrank slightly in the following year.

Steatite Production in Eastern Asia

In value terms, steatite production declined slightly to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. The level of production peaked at $X in 2018, and then contracted modestly in the following year.

Production By Country in Eastern Asia

China (X tons) remains the largest steatite producing country in Eastern Asia, comprising approx. X% of total volume. It was followed by Democratic People's Republic of Korea (X tons), with a X% share of total production.

From 2007 to 2019, the average annual rate of growth in terms of volume in China was relatively modest.

Steatite Exports

Exports in Eastern Asia

In 2019, shipments abroad of steatites was finally on the rise to reach X tons after two years of decline. In general, exports, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. The volume of export peaked at X tons in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

In value terms, steatite exports expanded significantly to $X in 2019. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

Exports by Country

China dominates steatite exports structure, reaching X tons, which was approx. X% of total exports in 2019. South Korea (X tons) and Japan (X tons) occupied a relatively small share of total exports.

From 2007 to 2019, average annual rates of growth with regard to steatite exports from China stood at -X%. At the same time, South Korea (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +X% from 2007-2019. From 2007 to 2019, the share of South Korea increased by +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest steatite supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Japan ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value in China was relatively modest. In the other countries, the average annual rates were as follows: Japan (+X% per year) and South Korea (+X% per year).

Export Prices by Country

In 2019, the steatite export price in Eastern Asia amounted to $X per ton, which is down by -X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced mixed trends in the export price figures.

Steatite Imports

Imports in Eastern Asia

For the fourth consecutive year, Eastern Asia recorded growth in overseas purchases of steatites, which increased by X% to X tons in 2019. The total import volume increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. The volume of import peaked in 2019 and is expected to retain growth in the near future.

In value terms, steatite imports totaled $X in 2019. Total imports indicated a pronounced increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2019 and are likely to see steady growth in years to come.

Imports by Country

Japan (X tons) and South Korea (X tons) were the major importers of steatites in 2019, recording near X% and X% of total imports, respectively. It was distantly followed by China (X tons) and Taiwan (Chinese) (X tons), together achieving a X% share of total imports.

From 2007 to 2019, the biggest increases were in China, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported steatites in Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In Japan, steatite imports expanded at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: China (+X% per year) and South Korea (+X% per year).

Import Prices by Country

In 2019, the steatite import price in Eastern Asia amounted to $X per ton, waning by -X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2012 when the import price increased by X% year-to-year. Over the period under review, import prices attained the peak figure at $X per ton in 2018, and then reduced slightly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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