Southern Asia: Activated Carbon Market 2024

Activated Carbon Market Size in Southern Asia

In 2022, the South Asian activated carbon market decreased by -10.4% to $X, falling for the second consecutive year after five years of growth. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Activated Carbon Production in Southern Asia

In value terms, activated carbon production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 21% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Activated Carbon Exports

Exports in Southern Asia

In 2022, shipments abroad of activated carbon increased by 13% to X tons, rising for the seventh year in a row after two years of decline. Total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +7.7% 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 +102.5% against 2015 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 39% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, activated carbon exports skyrocketed to $X in 2022. In general, exports continue to indicate a resilient increase. The growth pace was the most rapid in 2018 with an increase of 37% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

India was the largest exporting country with an export of about X tons, which recorded 73% of total exports. It was distantly followed by Sri Lanka (X tons), making up a 27% share of total exports.

India was also the fastest-growing in terms of the activated carbon exports, with a CAGR of +9.1% from 2012 to 2022. At the same time, Sri Lanka (+4.6%) displayed positive paces of growth. While the share of India (+9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sri Lanka (-9 p.p.) displayed negative dynamics.

In value terms, India ($X) and Sri Lanka ($X) appeared to be the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, India, with a CAGR of +11.4%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, growing by 2.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2014 an increase of 32%. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+3.3%).

Activated Carbon Imports

Imports in Southern Asia

In 2022, approx. X tons of activated carbon were imported in Southern Asia; falling by -19.8% on 2021. In general, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 42% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then declined rapidly in the following year.

In value terms, activated carbon imports reduced modestly to $X in 2022. Overall, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 40% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then dropped slightly in the following year.

Imports by Country

India (X tons) and Sri Lanka (X tons) dominates imports structure, together constituting 88% of total imports. It was distantly followed by Bangladesh (X tons), achieving a 9.7% share of total imports. Pakistan (X tons) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +23.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Sri Lanka ($X) and Bangladesh ($X) were the countries with the highest levels of imports in 2022, with a combined 98% share of total imports.

In terms of the main importing countries, Bangladesh, with a CAGR of +19.1%, 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 2022, the import price in Southern Asia amounted to $X per ton, rising by 25% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+5.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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