Southern Asia: Expanded Clays Market 2024

Expanded Clays Market Size in Southern Asia

In 2021, after two years of decline, there was growth in the South Asian expanded clays market, when its value increased by 1.5% to $X. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Expanded Clays Production in Southern Asia

In value terms, expanded clays production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when the production volume increased by 12% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Expanded Clays Exports

Exports in Southern Asia

In 2021, approx. X tons of exfoliated vermiculite, expanded clays and foamed slag were exported in Southern Asia; growing by 124% against 2020. Over the period under review, exports showed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, expanded clays exports soared to $X in 2021. In general, exports recorded a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X tons) represented roughly 100% of total exports in 2021.

India was also the fastest-growing in terms of the exfoliated vermiculite, expanded clays and foamed slag exports, with a CAGR of +14.3% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest expanded clays supplier in Southern Asia.

In India, expanded clays exports increased at an average annual rate of +14.9% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, shrinking by -15.6% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 44%. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +0.5% per year.

Expanded Clays Imports

Imports in Southern Asia

In 2021, expanded clays imports in Southern Asia reduced to X tons, with a decrease of -5.3% compared with the previous year. Over the period under review, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by 63% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, expanded clays imports soared to $X in 2021. In general, imports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2018 with an increase of 79% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

India prevails in imports structure, amounting to X tons, which was approx. 79% of total imports in 2021. Nepal (X tons) took a 7.4% share (based on physical terms) of total imports, which put it in second place, followed by Sri Lanka (5.3%). Bangladesh (X tons) and Pakistan (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to expanded clays imports into India stood at +19.2%. At the same time, Nepal (+30.7%), Pakistan (+13.2%) and Sri Lanka (+1.1%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +30.7% from 2012-2021. By contrast, Bangladesh (-3.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India and Nepal increased by +24 and +5.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported exfoliated vermiculite, expanded clays and foamed slag in Southern Asia, comprising 92% of total imports. The second position in the ranking was taken by Nepal ($X), with a 2.2% share of total imports. It was followed by Pakistan, with a 2.1% share.

In India, expanded clays imports expanded at an average annual rate of +20.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Nepal (+39.6% per year) and Pakistan (+14.1% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, increasing by 33% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.2%. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was India ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+11.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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