China - Abrasives (Natural) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAbrasives Price in China - 2023
Contents:
- Abrasives Price in China (FOB) - 2022
- Abrasives Price in China (CIF) - 2023
- Abrasives Exports in China
- Abrasives Imports in China
Abrasives Price in China (FOB) - 2022
The average abrasives export price stood at $374 per ton in 2022, picking up by 16% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, abrasives export price increased by +108.4% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 36% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($571 per ton), while the average price for exports to Singapore ($239 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.
Abrasives Price in China (CIF) - 2023
The average abrasives import price stood at $131 per ton in June 2023, growing by 16% against the previous month. Over the period under review, the import price, however, recorded a slight shrinkage. The pace of growth appeared the most rapid in January 2023 an increase of 41% m-o-m. Over the period under review, average import prices reached the maximum at $179 per ton in July 2022; however, from August 2022 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Japan ($191 per ton), while the price for Indonesia ($86.0 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Indonesia (-1.3%), while the prices for the other major suppliers experienced a decline.
Abrasives Exports in China
For the third year in a row, China recorded decline in overseas shipments of abrasives (natural), which decreased by -4.1% to 189K tons in 2022. Overall, exports showed a drastic downturn. The smallest decline of -0.2% was in 2021.
In value terms, abrasives exports expanded notably to $71M in 2022. The total export value increased at an average annual rate of +3.1% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Abrasives in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 3.7 | 9.3 | 11.4 | 9.2 | 35.5% |
| United States | 16.7 | 6.2 | 7.3 | 8.7 | -19.5% |
| Russia | 3.7 | 3.3 | 3.4 | 6.8 | 22.5% |
| Australia | 1.8 | 4.5 | 4.2 | 6.1 | 50.2% |
| Italy | 3.8 | 2.4 | 2.9 | 4.4 | 5.0% |
| Japan | 1.6 | 3.4 | 3.5 | 3.8 | 33.4% |
| Poland | 3.0 | 2.8 | 1.7 | 1.8 | -15.7% |
| Canada | 3.4 | 2.2 | 1.2 | 1.7 | -20.6% |
| Mexico | 0.4 | 0.4 | 0.6 | 1.7 | 62.0% |
| New Zealand | 1.0 | 1.4 | 1.6 | 1.7 | 19.3% |
| Brazil | 1.2 | 1.3 | 0.9 | 1.5 | 7.7% |
| Netherlands | 1.5 | 1.3 | 1.2 | 1.3 | -4.7% |
| Singapore | 0.3 | 1.0 | 1.0 | 0.9 | 44.2% |
| Others | 22.3 | 22.0 | 22.2 | 20.9 | -2.1% |
| Total | 64.5 | 61.6 | 63.3 | 70.6 | 3.1% |
Top Export Markets for Abrasives from China in 2022:
- United States (35.8K tons)
- Russia (27.0K tons)
- South Korea (17.0K tons)
- Italy (15.0K tons)
- Australia (11.4K tons)
- New Zealand (6.9K tons)
- Japan (6.7K tons)
- Poland (5.8K tons)
- Netherlands (4.9K tons)
- Brazil (4.3K tons)
- Mexico (4.1K tons)
- Singapore (3.9K tons)
- Canada (3.8K tons)
Abrasives Imports in China
Abrasives imports into China dropped dramatically to 151K tons in 2022, falling by -17.1% against the year before. Overall, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 7.8%.
In value terms, abrasives imports shrank to $23M in 2022. Over the period under review, imports recorded a perceptible decline. The growth pace was the most rapid in 2021 with an increase of 31%.
| Import of Abrasives in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 7.5 | 7.3 | 9.1 | 8.4 | 3.8% |
| Turkey | 5.6 | 6.5 | 8.4 | 8.2 | 13.6% |
| Japan | 2.8 | 2.7 | 4.4 | 3.2 | 4.6% |
| South Africa | 7.0 | N/A | N/A | N/A | 0% |
| Others | 1.8 | 2.2 | 2.6 | 2.8 | 15.9% |
| Total | 24.6 | 18.7 | 24.5 | 22.6 | -2.8% |
Top Suppliers of Abrasives to China in 2022:
- Indonesia (82.5K tons)
- Turkey (62.7K tons)
- Japan (4.1K tons)
This report provides an in-depth analysis of the abrasives market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 08992200 - Industrial diamonds, unworked or simply sawn, cleaved or bruted, pumice stone, emery, natural corundum, natural garnet and other natural abrasives
- Prodcom 08992220 -
- Prodcom 08992230 -
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
534
This report provides an in-depth analysis of the abrasives market in China.
273
This report provides an in-depth analysis of the natural abrasives market in China.
788
This report provides an in-depth analysis of the global abrasives market.
474
Global Natural Abrasives Market Report 2018. This report provides an in-depth analysis of the global natural abrasives market.
534
This report provides an in-depth analysis of the abrasives market in China.
273
This report provides an in-depth analysis of the natural abrasives market in China.
788
This report provides an in-depth analysis of the global abrasives market.
474
Global Natural Abrasives Market Report 2018. This report provides an in-depth analysis of the global natural abrasives market.
363
In September 2022, the abrasives price stood at $351 per ton (FOB, China), rising by 19% against the previous month.
311
The global abrasives market is growing rapidly, fueled by increasing demand in various industries such as automotive, construction, and metalworking. Discover the top import markets for abrasives based on import value, including the United States, Netherlands, United Kingdom, China, and the United Arab Emirates. Learn how these countries are driving the growth of the abrasive industry and how businesses can leverage these import markets through platforms like IndexBox.
363
In September 2022, the abrasives price stood at $351 per ton (FOB, China), rising by 19% against the previous month.
1385
Global abrasive imports stood at X tons in 2016, declining by -X% against the previous year level. Overall, abrasive imports continue to indicate a relatively flat trend pattern. The pace of gr...
1026
Global abrasive imports stood at X tons in 2016, declining by -X% against the previous year level. Overall, abrasive imports continue to indicate a relatively flat trend pattern. The pace of gr...
1971
The global natural abrasives trade amounted to X million USD in 2015, falling from X million USD in 2014. However, the previous gains allowed keeping the overall growth positive, with a CAGR of +X% from 2007 to 2015.
311
The global abrasives market is growing rapidly, fueled by increasing demand in various industries such as automotive, construction, and metalworking. Discover the top import markets for abrasives based on import value, including the United States, Netherlands, United Kingdom, China, and the United Arab Emirates. Learn how these countries are driving the growth of the abrasive industry and how businesses can leverage these import markets through platforms like IndexBox.
