ASEAN: Market for Activated Natural Mineral Products 2024

Market Size for Activated Natural Mineral Products in ASEAN

The ASEAN activated natural mineral products market shrank slightly to $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021, and then contracted modestly in the following year.

Production of Activated Natural Mineral Products in ASEAN

In value terms, activated natural mineral products production reduced slightly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Activated Natural Mineral Products

Exports in ASEAN

In 2022, after two years of decline, there was significant growth in overseas shipments of activated natural mineral products, when their volume increased by X% to X tons. Total exports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, activated natural mineral products exports skyrocketed to $X in 2022. Total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia represented the main exporter of activated natural mineral products in ASEAN, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. Thailand (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (X%).

From 2012 to 2022, average annual rates of growth with regard to activated natural mineral products exports from Indonesia stood at X%. At the same time, Thailand (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. While the share of Thailand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Indonesia (X p.p.) and Malaysia (X p.p.) displayed negative dynamics.

In value terms, Indonesia ($X) remains the largest activated natural mineral products supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Indonesia totaled X%. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Activated Natural Mineral Products

Imports in ASEAN

Activated natural mineral products imports rose modestly to X tons in 2022, increasing by X% against the previous year's figure. Overall, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, activated natural mineral products imports skyrocketed to $X in 2022. In general, imports enjoyed a prominent increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

In 2022, Thailand (X tons) was the main importer of activated natural mineral products, mixing up X% of total imports. Indonesia (X tons) ranks second in terms of the total imports with a X% share, followed by the Philippines (X%), Malaysia (X%) and Singapore (X%). Vietnam (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to activated natural mineral products imports into Thailand stood at X%. At the same time, Malaysia (X%), Indonesia (X%), the Philippines (X%), Vietnam (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. Indonesia (X p.p.), Malaysia (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the total imports, while Vietnam, Singapore and Thailand saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Thailand ($X) constitutes the largest market for imported activated natural mineral products in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports. It was followed by the Philippines, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and the Philippines (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, recorded a noticeable shrinkage. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, 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 Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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