South-Eastern Asia: Expanded Clays Market 2024

Expanded Clays Market Size in South-Eastern Asia

In 2021, after two years of decline, there was growth in the Southeast Asian expanded clays market, when its value increased by 3.6% to $X. Overall, consumption, however, showed a perceptible decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Expanded Clays Production in South-Eastern Asia

In value terms, expanded clays production reached $X in 2021 estimated in export price. Overall, production, however, recorded a noticeable reduction. The pace of growth was the most pronounced in 2017 when the production volume increased by 21%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Expanded Clays Exports

Exports in South-Eastern Asia

In 2021, exports of exfoliated vermiculite, expanded clays and foamed slag in South-Eastern Asia fell notably to X tons, waning by -51.3% against 2020. Overall, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2015 with an increase of 66% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, expanded clays exports reduced notably to $X in 2021. In general, exports continue to indicate a pronounced curtailment. The growth pace was the most rapid in 2020 when exports increased by 44%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Malaysia (X tons) was the key exporter of exfoliated vermiculite, expanded clays and foamed slag, mixing up 57% of total exports. Thailand (X tons) held a 15% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (12%), Singapore (7.9%) and the Philippines (7.4%).

From 2012 to 2021, average annual rates of growth with regard to expanded clays exports from Malaysia stood at +6.9%. At the same time, Thailand (+38.0%) and Singapore (+3.7%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +38.0% from 2012-2021. By contrast, the Philippines (-13.6%) and Indonesia (-30.5%) illustrated a downward trend over the same period. Malaysia (+49 p.p.), Thailand (+15 p.p.) and Singapore (+6.4 p.p.) significantly strengthened its position in terms of the total exports, while Indonesia saw its share reduced by -70.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest expanded clays supplier in South-Eastern Asia, comprising 60% of total exports. The second position in the ranking was held by Singapore ($X), with an 18% share of total exports. It was followed by Thailand, with an 18% share.

From 2012 to 2021, the average annual growth rate of value in Malaysia stood at +5.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (+11.3% per year) and Thailand (+24.0% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, picking up by 43% against the previous year. Overall, the export price continues to indicate a resilient increase. The growth pace was the most rapid in 2017 when the export price increased by 125% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is likely to continue growth in the immediate term.

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 (+7.3%), while the other leaders experienced mixed trends in the export price figures.

Expanded Clays Imports

Imports in South-Eastern Asia

In 2021, purchases abroad of exfoliated vermiculite, expanded clays and foamed slag was finally on the rise to reach X tons after three years of decline. Overall, imports saw moderate growth. The growth pace was the most rapid in 2015 when imports increased by 126% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, expanded clays imports soared to $X in 2021. In general, imports posted a moderate increase. The pace of growth was the most pronounced in 2015 when imports increased by 105% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Singapore (X tons) and Thailand (X tons) represented roughly 60% of total imports in 2021. Indonesia (X tons) held the next position in the ranking, followed by Malaysia (X tons) and Vietnam (X tons). All these countries together held approx. 38% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Thailand (with a CAGR of +19.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest expanded clays importing markets in South-Eastern Asia were Singapore ($X), Thailand ($X) and Malaysia ($X), together comprising 68% of total imports.

Malaysia, with a CAGR of +16.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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, increasing by 1.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2019 an increase of 27% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per ton), while Singapore ($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 (+1.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :