India: Expanded Clays Market 2024

Expanded Clays Market Size in India

In 2021, the Indian expanded clays market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Expanded Clays Production in India

In value terms, expanded clays production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when the production volume increased by 14%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Expanded Clays Exports

Exports from India

In 2021, expanded clays exports from India soared to X tons, with an increase of 124% compared with 2020. Overall, exports posted a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, expanded clays exports surged to $X in 2021. Over the period under review, exports posted a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Nigeria (X tons) was the main destination for expanded clays exports from India, with a 47% share of total exports. Moreover, expanded clays exports to Nigeria exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), sixfold. Nepal (X tons) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Nigeria amounted to +141.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-2.3% per year) and Nepal (+1.8% per year).

In value terms, Nigeria ($X) emerged as the key foreign market for exfoliated vermiculite, expanded clays and foamed slag exports from India, comprising 37% of total exports. The second position in the ranking was taken by Nepal ($X), with an 8.8% share of total exports. It was followed by Morocco, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value to Nigeria stood at +130.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+13.5% per year) and Morocco (-12.2% per year).

Export Prices by Country

In 2021, the average expanded clays export price amounted to $X per ton, shrinking by -15.5% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 41% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Kenya ($X per ton), while the average price for exports to Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Expanded Clays Imports

Imports into India

In 2021, the amount of exfoliated vermiculite, expanded clays and foamed slag imported into India shrank to X tons, dropping by -13.2% against 2020. In general, imports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 67%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, expanded clays imports surged to $X in 2021. Over the period under review, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 78% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and the Netherlands (X tons) were the main suppliers of expanded clays imports to India, together accounting for 65% of total imports. The UK, the United States, Japan and Turkey lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +114.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest expanded clays suppliers to India were China ($X), the United States ($X) and the Netherlands ($X), with a combined 66% share of total imports. Japan, the UK, the United Arab Emirates and Turkey lagged somewhat behind, together accounting for a further 28%.

Among the main suppliers, Turkey, with a CAGR of +116.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average expanded clays import price amounted to $X per ton, jumping by 42% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :