South-Eastern Asia: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in South-Eastern Asia

The Southeast Asian double or complex silicates market totaled $X in 2021, standing approx. at the previous year. Overall, consumption saw modest growth. 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.

Production of Double Or Complex Silicates in South-Eastern Asia

In value terms, double or complex silicates production contracted modestly to $X in 2021 estimated in export price. Over the period under review, production recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 185% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Exports of Double Or Complex Silicates

Exports in South-Eastern Asia

In 2021, approx. X tons of double or complex silicates were exported in South-Eastern Asia; growing by 49% compared with 2020. In general, exports posted strong growth. The growth pace was the most rapid in 2018 when exports increased by 256% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in the near future.

In value terms, double or complex silicates exports rose sharply to $X in 2021. Over the period under review, exports posted a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 346% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Malaysia prevails in exports structure, finishing at X tons, which was near 90% of total exports in 2021. It was distantly followed by Thailand (X tons), generating a 7% share of total exports.

Malaysia was also the fastest-growing in terms of the double or complex silicates exports, with a CAGR of +46.0% from 2012 to 2021. Thailand (-5.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Malaysia increased by +81 percentage points.

In value terms, Malaysia ($X) remains the largest double or complex silicates supplier in South-Eastern Asia, comprising 91% of total exports. The second position in the ranking was taken by Thailand ($X), with a 7.2% share of total exports.

In Malaysia, double or complex silicates exports increased at an average annual rate of +12.5% over the period from 2012-2021.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, with a decrease of -23.5% against the previous year. In general, the export price recorded a noticeable curtailment. The growth pace was the most rapid in 2017 an increase of 86% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Malaysia amounted to $X per ton.

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

Imports of Double Or Complex Silicates

Imports in South-Eastern Asia

After two years of growth, overseas purchases of double or complex silicates decreased by -9.7% to X tons in 2021. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when imports increased by 33% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then dropped in the following year.

In value terms, double or complex silicates imports amounted to $X in 2021. Total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +75.2% against 2015 indices. The pace of growth appeared the most rapid in 2020 with an increase of 19% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

Indonesia represented the largest importer of double or complex silicates in South-Eastern Asia, with the volume of imports recording X tons, which was near 45% of total imports in 2021. Myanmar (X tons) took a 22% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (11%), Malaysia (8.3%) and Thailand (8.1%). Singapore (X tons) and Vietnam (X tons) followed a long way behind the leaders.

Indonesia experienced a relatively flat trend pattern with regard to volume of imports of double or complex silicates. At the same time, Myanmar (+15.8%) and Singapore (+8.6%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +15.8% from 2012-2021. The Philippines experienced a relatively flat trend pattern. By contrast, Thailand (-2.4%), Malaysia (-2.9%) and Vietnam (-14.3%) illustrated a downward trend over the same period. Myanmar (+22 p.p.) and Singapore (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Thailand, Malaysia, Vietnam and Indonesia saw its share reduced by -3%, -3.7%, -6.6% and -9.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest double or complex silicates importing markets in South-Eastern Asia were Malaysia ($X), Indonesia ($X) and Thailand ($X), together accounting for 75% of total imports.

In terms of the main importing countries, Malaysia, with a CAGR of +19.0%, recorded 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

In 2021, the import price in South-Eastern Asia amounted to $X per ton, with an increase of 21% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+22.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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