South-Eastern Asia: Abrasives Market 2024

Abrasives Market Size in South-Eastern Asia

The Southeast Asian abrasives market rose rapidly to $X in 2021, surging by 8.8% against the previous year. Over the period under review, consumption, however, showed a slight decline. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Abrasives Production in South-Eastern Asia

In value terms, abrasives production amounted to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 40% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Abrasives Exports

Exports in South-Eastern Asia

In 2021, approx. X tons of abrasives (natural) were exported in South-Eastern Asia; increasing by 14% against 2020 figures. Over the period under review, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 55%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, abrasives exports surged to $X in 2021. In general, exports recorded a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by 50% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Indonesia dominates exports structure, reaching X tons, which was approx. 89% of total exports in 2021. It was distantly followed by Malaysia (X tons), making up a 7.1% share of total exports. Singapore (X tons) held a little share of total exports.

Exports from Indonesia increased at an average annual rate of +10.1% from 2012 to 2021. At the same time, Malaysia (+14.7%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +14.7% from 2012-2021. Singapore experienced a relatively flat trend pattern. Indonesia (+7.8 p.p.) and Malaysia (+2.6 p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by -4.6% from 2012 to 2021, respectively.

In value terms, Indonesia ($X) remains the largest abrasives supplier in South-Eastern Asia, comprising 62% of total exports. The second position in the ranking was held by Malaysia ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Indonesia totaled +10.6%. In the other countries, the average annual rates were as follows: Malaysia (+17.2% per year) and Singapore (+2.2% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, picking up by 7.9% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 34%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+2.7%), while the other leaders experienced more modest paces of growth.

Abrasives Imports

Imports in South-Eastern Asia

In 2021, approx. X tons of abrasives (natural) were imported in South-Eastern Asia; picking up by 24% compared with 2020 figures. Over the period under review, imports, however, continue to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2019 with an increase of 38% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, abrasives imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a slight decline. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Indonesia (X tons), Malaysia (X tons) and Thailand (X tons) represented the main importer of abrasives (natural) in South-Eastern Asia, constituting 71% of total import. Singapore (X tons) held the next position in the ranking, followed by Cambodia (X tons) and Vietnam (X tons). All these countries together held near 26% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +14.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest abrasives importing markets in South-Eastern Asia were Indonesia ($X), Thailand ($X) and Malaysia ($X), with a combined 64% share of total imports. These countries were followed by Singapore, Vietnam and Cambodia, which together accounted for a further 32%.

Among the main importing countries, Cambodia, with a CAGR of +22.0%, saw the highest rates of growth with regard to 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

The import price in South-Eastern Asia stood at $X per ton in 2021, surging by 3.7% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 15%. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (+6.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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