South-Eastern Asia: Market for Clays For Construction and Industrial Use 2024

Market Size for Clays For Construction and Industrial Use in South-Eastern Asia

The Southeast Asian market for clays for construction and industrial use declined to $X in 2022, falling by -7.1% against the previous year. Overall, consumption, however, showed a pronounced shrinkage. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Clays For Construction and Industrial Use in South-Eastern Asia

In value terms, production of clays for construction and industrial use reduced to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a slight contraction. The pace of growth appeared the most rapid in 2015 when the production volume increased by 36% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production of growth failed to regain momentum.

Exports of Clays For Construction and Industrial Use

Exports in South-Eastern Asia

In 2022, after two years of growth, there was significant decline in overseas shipments of clays for construction and industrial use, when their volume decreased by -44.4% to X tons. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 176% against the previous year. As a result, the exports attained the peak of X tons, and then declined remarkably in the following year.

In value terms, exports of clays for construction and industrial use dropped dramatically to $X in 2022. Total exports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 105%. As a result, the exports reached the peak of $X, and then dropped remarkably in the following year.

Exports by Country

In 2022, Malaysia (X tons) represented the major exporter of clays for construction and industrial use, mixing up 62% of total exports. It was distantly followed by Thailand (X tons), constituting a 33% share of total exports. Indonesia (X tons) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +9.1%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Malaysia ($X), Thailand ($X) and Indonesia ($X) constituted the countries with the highest levels of exports in 2022, together comprising 99% of total exports.

Thailand, with a CAGR of +9.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, growing by 46% against the previous year. Export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+1.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Clays For Construction and Industrial Use

Imports in South-Eastern Asia

In 2022, purchases abroad of clays for construction and industrial use increased by 24% to X tons, rising for the second consecutive year after three years of decline. Total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.7% against 2020 indices. The pace of growth was the most pronounced in 2016 when imports increased by 59%. Over the period under review, imports of hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, imports of clays for construction and industrial use expanded markedly to $X in 2022. The total import value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 44% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

Indonesia represented the largest importer of clays for construction and industrial use in South-Eastern Asia, with the volume of imports recording X tons, which was near 53% of total imports in 2022. Vietnam (X tons) held the second position in the ranking, followed by Malaysia (X tons) and Thailand (X tons). All these countries together held approx. 43% share of total imports.

Imports into Indonesia increased at an average annual rate of +7.2% from 2012 to 2022. At the same time, Vietnam (+8.8%) and Thailand (+2.0%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +8.8% from 2012-2022. By contrast, Malaysia (-6.8%) illustrated a downward trend over the same period. Indonesia (+23 p.p.) and Vietnam (+8.7 p.p.) significantly strengthened its position in terms of the total imports, while Malaysia saw its share reduced by -18.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported clays for construction and industrial use in South-Eastern Asia, comprising 61% of total imports. The second position in the ranking was held by Thailand ($X), with a 14% share of total imports. It was followed by Vietnam, with a 13% share.

From 2012 to 2022, the average annual growth rate of value in Indonesia amounted to +8.9%. In the other countries, the average annual rates were as follows: Thailand (+4.5% per year) and Vietnam (+2.8% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, with a decrease of -14.2% against the previous year. Import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for clays for construction and industrial use increased by +5.8% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by 37% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2021, and then reduced in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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