South-Eastern Asia: Market for Refractory Products of Siliceous or Diatomite Earths 2024

Market Size for Refractory Products of Siliceous or Diatomite Earths in South-Eastern Asia

In 2021, after two years of decline, there was significant growth in the Southeast Asian market for refractory products of siliceous or diatomite earths, when its value increased by 14% to $X. Overall, consumption, however, showed a mild decrease. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Refractory Products of Siliceous or Diatomite Earths in South-Eastern Asia

In value terms, production of refractory products of siliceous or diatomite earths rose slightly to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 52%. As a result, production attained the peak level of $X. From 2019 to 2021, production of growth remained at a somewhat lower figure.

Exports of Refractory Products of Siliceous or Diatomite Earths

Exports in South-Eastern Asia

In 2021, after four years of growth, there was significant decline in shipments abroad of refractory products of siliceous or diatomite earths, when their volume decreased by -7% to X tons. Overall, exports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 71%. The volume of export peaked at X tons in 2020, and then shrank in the following year.

In value terms, exports of refractory products of siliceous or diatomite earths declined to $X in 2021. In general, exports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2014 when exports increased by 126% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2020, and then shrank in the following year.

Exports by Country

The Philippines was the main exporter of refractory products of siliceous or diatomite earths in South-Eastern Asia, with the volume of exports resulting at X tons, which was near 72% of total exports in 2021. Indonesia (X tons) held the second position in the ranking, followed by Singapore (X tons) and Thailand (X tons). All these countries together took near 23% share of total exports. Malaysia (X tons) took a minor share of total exports.

The Philippines was also the fastest-growing in terms of the refractory products of siliceous or diatomite earths exports, with a CAGR of +32.2% from 2012 to 2021. At the same time, Malaysia (+4.0%), Indonesia (+1.8%) and Singapore (+1.6%) displayed positive paces of growth. By contrast, Thailand (-2.5%) illustrated a downward trend over the same period. The Philippines (+53 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia, Singapore, Indonesia and Thailand saw its share reduced by -4.1%, -12.8%, -18.5% and -18.7% from 2012 to 2021, respectively.

In value terms, the Philippines ($X) remains the largest refractory products of siliceous or diatomite earths supplier in South-Eastern Asia, comprising 92% of total exports. The second position in the ranking was held by Indonesia ($X), with a 2.9% share of total exports. It was followed by Singapore, with a 2% share.

In the Philippines, exports of refractory products of siliceous or diatomite earths increased at an average annual rate of +28.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (-2.2% per year) and Singapore (-3.3% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, remaining stable against the previous year. Export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for refractory products of siliceous or diatomite earths increased by +48.2% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the export price increased by 54% against the previous year. The level of export peaked at $X per ton in 2020, and then declined in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (-3.0%), while the other leaders experienced a decline in the export price figures.

Imports of Refractory Products of Siliceous or Diatomite Earths

Imports in South-Eastern Asia

In 2021, the amount of refractory products of siliceous or diatomite earths imported in South-Eastern Asia skyrocketed to X tons, picking up by 53% against 2020. Total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +87.7% against 2018 indices. Over the period under review, imports of reached the maximum at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, imports of refractory products of siliceous or diatomite earths skyrocketed to $X in 2021. Total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +69.9% against 2016 indices. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X tons) and the Philippines (X tons) represented roughly 57% of total imports in 2021. Vietnam (X tons) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (12%) and Timor-Leste (9.5%). Myanmar (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Timor-Leste (with a CAGR of +38.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest refractory products of siliceous or diatomite earths importing markets in South-Eastern Asia were Malaysia ($X), Singapore ($X) and the Philippines ($X), with a combined 73% share of total imports. Vietnam, Timor-Leste and Myanmar lagged somewhat behind, together comprising a further 18%.

In terms of the main importing countries, Timor-Leste, with a CAGR of +17.0%, recorded 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

The import price in South-Eastern Asia stood at $X per ton in 2021, dropping by -7.7% against the previous year. Over the period under review, the import price recorded a deep downturn. The growth pace was the most rapid in 2020 an increase of 29%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Timor-Leste ($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 (-0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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