ASEAN: Kaolin Market 2024

Kaolin Market Size in ASEAN

After two years of growth, the ASEAN kaolin market decreased by X% to $X in 2023. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then contracted dramatically in the following year.

Kaolin Production in ASEAN

In value terms, kaolin production reached $X in 2023 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Kaolin Exports

Exports in ASEAN

In 2023, kaolin exports in ASEAN skyrocketed to X tons, picking up by X% on the previous year's figure. In general, exports saw buoyant growth. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are likely to see steady growth in the immediate term.

In value terms, kaolin exports surged to $X in 2023. Overall, exports posted a prominent increase. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked in 2023 and is likely to see gradual growth in years to come.

Exports by Country

Indonesia represented the major exporting country with an export of about X tons, which accounted for X% of total exports. Malaysia (X tons) held the second position in the ranking, distantly followed by Thailand (X tons) and Vietnam (X tons). All these countries together took near X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Indonesia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Indonesia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced mixed trends in the export price figures.

Kaolin Imports

Imports in ASEAN

In 2023, overseas purchases of kaolin and kaolinic clays decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then shrank significantly in the following year.

In value terms, kaolin imports fell significantly to $X in 2023. Total imports indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then fell sharply in the following year.

Imports by Country

In 2023, Vietnam (X tons), distantly followed by Indonesia (X tons), Malaysia (X tons), Thailand (X tons) and the Philippines (X tons) were the major importers of kaolin and kaolinic clays, together committing X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest kaolin importing markets in ASEAN were Vietnam ($X), Indonesia ($X) and Thailand ($X), with a combined X% share of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to 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

The import price in ASEAN stood at $X per ton in 2023, with an increase of X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2020 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform