India: Fireclay Market 2024

Fireclay Market Size in India

The Indian fireclay market totaled $X in 2021, surging by 3.9% against the previous year. Overall, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -3.7% against 2019 indices. Fireclay consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Fireclay Production in India

In value terms, fireclay production expanded modestly to $X in 2021 estimated in export price. In general, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.3% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 31%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Fireclay Exports

Exports from India

In 2021, exports of fireclay from India reduced sharply to X tons, with a decrease of -21% against 2020 figures. Over the period under review, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2018 with an increase of 167%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, fireclay exports soared to $X in 2021. Overall, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2018 with an increase of 168%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Bangladesh (X tons) was the main destination for fireclay exports from India, accounting for a 64% share of total exports. Moreover, fireclay exports to Bangladesh exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fourfold. Nepal (X tons) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bangladesh stood at -5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+13.4% per year) and Nepal (-2.7% per year).

In value terms, Bangladesh ($X), the United Arab Emirates ($X) and the UK ($X) appeared to be the largest markets for fireclay exported from India worldwide, with a combined 90% share of total exports.

In terms of the main countries of destination, the UK, with a CAGR of +86.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average fireclay export price amounted to $X per ton, growing by 49% against the previous year. In general, the export price posted a prominent expansion. The growth pace was the most rapid in 2013 an increase of 98% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Nepal ($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 the UK (+23.0%), while the prices for the other major destinations experienced more modest paces of growth.

Fireclay Imports

Imports into India

In 2021, approx. X tons of fireclay were imported into India; which is down by -58.8% compared with the year before. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 640%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, fireclay imports dropped markedly to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 681%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Germany (X tons) and Bahrain (X tons) were the main suppliers of fireclay imports to India, with a combined 88% share of total imports. These countries were followed by the United Arab Emirates and Japan, which together accounted for a further 6.5%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +109.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fireclay suppliers to India were China ($X), Germany ($X) and Japan ($X), together accounting for 88% of total imports.

Japan, with a CAGR of +70.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fireclay import price stood at $X per ton in 2021, reducing by -19.8% against the previous year. Over the period under review, the import price, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2015 an increase of 85%. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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