South-Eastern Asia: Dolomite Market 2024

Dolomite Market Size in South-Eastern Asia

The Southeast Asian dolomite market soared to $X in 2021, growing by 18% against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Dolomite Production in South-Eastern Asia

In value terms, dolomite production totaled $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 22% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Dolomite Exports

Exports in South-Eastern Asia

In 2021, dolomite exports in South-Eastern Asia fell sharply to X tons, shrinking by -55.9% on the year before. In general, exports recorded a slight contraction. The growth pace was the most rapid in 2020 with an increase of 324% against the previous year. As a result, the exports attained the peak of X tons, and then dropped sharply in the following year.

In value terms, dolomite exports dropped markedly to $X in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 171% against the previous year. As a result, the exports reached the peak of $X, and then dropped markedly in the following year.

Exports by Country

In 2021, Thailand (X tons) and the Philippines (X tons) was the major exporter of dolomite in South-Eastern Asia, generating 100% of total export.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +0.1%).

In value terms, the largest dolomite supplying countries in South-Eastern Asia were Thailand ($X) and the Philippines ($X).

Thailand, with a CAGR of -0.0%, 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.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, with an increase of 14% against the previous year. Export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dolomite export price decreased by -27.1% against 2019 indices. The pace of growth appeared the most rapid in 2015 when the export price increased by 15%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Thailand ($X per ton), while the Philippines stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+2.7%).

Dolomite Imports

Imports in South-Eastern Asia

For the fifth year in a row, South-Eastern Asia recorded growth in purchases abroad of dolomite, which increased by 148% to X tons in 2021. In general, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, dolomite imports soared to $X in 2021. Overall, imports recorded a significant increase. The pace of growth appeared the most rapid in 2018 when imports increased by 98% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

Indonesia was the largest importing country with an import of about X tons, which recorded 68% of total imports. It was distantly followed by Malaysia (X tons) and Vietnam (X tons), together making up a 31% share of total imports.

Indonesia was also the fastest-growing in terms of the dolomite imports, with a CAGR of +89.0% from 2012 to 2021. At the same time, Vietnam (+35.4%) and Malaysia (+34.7%) displayed positive paces of growth. While the share of Indonesia (+65 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest dolomite importing markets in South-Eastern Asia were Indonesia ($X), Malaysia ($X) and Vietnam ($X), together accounting for 98% of total imports.

In terms of the main importing countries, Indonesia, with a CAGR of +68.5%, saw 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 import price in South-Eastern Asia amounted to $X per ton, reducing by -24.7% against the previous year. Over the period under review, the import price saw a deep downturn. The growth pace was the most rapid in 2017 an increase of 22%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 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 Malaysia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (-1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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