Southern Asia: Market for Refractory Products of Siliceous or Diatomite Earths 2024

Market Size for Refractory Products of Siliceous or Diatomite Earths in Southern Asia

For the third consecutive year, the South Asian market for refractory products of siliceous or diatomite earths recorded decline in sales value, which decreased by -0.1% to $X in 2021. In general, consumption recorded a noticeable reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Refractory Products of Siliceous or Diatomite Earths in Southern Asia

In value terms, production of refractory products of siliceous or diatomite earths amounted to $X in 2021 estimated in export price. In general, production showed a noticeable contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 18% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Refractory Products of Siliceous or Diatomite Earths

Exports in Southern Asia

In 2021, shipments abroad of refractory products of siliceous or diatomite earths increased by 13% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2014 with an increase of 28%. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, exports of refractory products of siliceous or diatomite earths skyrocketed to $X in 2021. Over the period under review, exports, however, showed a deep setback. Over the period under review, the exports of hit record highs at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

India represented the main exporter of refractory products of siliceous or diatomite earths in Southern Asia, with the volume of exports recording X tons, which was near 57% of total exports in 2021. Bangladesh (X tons) held a 32% share (based on physical terms) of total exports, which put it in second place, followed by Pakistan (12%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Pakistan (with a CAGR of +12.5%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest refractory products of siliceous or diatomite earths supplying countries in Southern Asia were Bangladesh ($X), India ($X) and Pakistan ($X), with a combined 99.9% share of total exports.

Pakistan, with a CAGR of +12.5%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, growing by 27% against the previous year. In general, the export price, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2015 an increase of 31%. Over the period under review, the export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (-0.1%), while the other leaders experienced a decline in the export price figures.

Imports of Refractory Products of Siliceous or Diatomite Earths

Imports in Southern Asia

In 2021, after two years of decline, there was growth in overseas purchases of refractory products of siliceous or diatomite earths, when their volume increased by 0.7% to X tons. In general, imports, however, faced a deep contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 444% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of refractory products of siliceous or diatomite earths soared to $X in 2021. Overall, imports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2015 when imports increased by 307%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

In 2021, India (X tons) was the main importer of refractory products of siliceous or diatomite earths, making up 77% of total imports. Bhutan (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Maldives (9.6%).

Imports into India decreased at an average annual rate of -14.3% from 2012 to 2021. At the same time, Bhutan (+36.4%) and Maldives (+20.2%) displayed positive paces of growth. Moreover, Bhutan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +36.4% from 2012-2021. While the share of Bhutan (+10 p.p.) and Maldives (+9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of India (-16 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported refractory products of siliceous or diatomite earths in Southern Asia, comprising 76% of total imports. The second position in the ranking was held by Bhutan ($X), with a 10% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in India amounted to -9.6%. The remaining importing countries recorded the following average annual rates of imports growth: Bhutan (+29.7% per year) and Maldives (+15.9% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, rising by 44% against the previous year. Import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while Maldives ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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