Asia: Abrasives Market 2022

Abrasives Market Size in Asia

The Asian abrasives market expanded modestly to $X in 2021, picking up by X% against the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is likely to continue growth in years to come.

Abrasives Production in Asia

In value terms, abrasives production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Abrasives Exports

Exports in Asia

In 2021, abrasives exports in Asia soared to X tons, picking up by X% compared with the previous year's figure. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, abrasives exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

Turkey was the main exporter of abrasives (natural) in Asia, with the volume of exports finishing at X tons, which was near X% of total exports in 2021. China (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (X%), India (X%) and Japan (X%). The United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to abrasives exports from Turkey stood at +X%. At the same time, the United Arab Emirates (+X%), China (+X%), Indonesia (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2012-2021. By contrast, India (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey, China, Indonesia, Japan and the United Arab Emirates increased by +X, +X, +X, +X and +X percentage points, respectively. India (-X p.p.) saw their shares reduced.

In value terms, China ($X), Turkey ($X) and Japan ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined X% share of total exports.

China, with a CAGR of +X%, recorded the highest growth rate of 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

The export price in Asia stood at $X per ton in 2021, which is down by -X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2020, and then declined in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the other leaders experienced mixed trends in the export price figures.

Abrasives Imports

Imports in Asia

In 2021, the amount of abrasives (natural) imported in Asia rose markedly to X tons, growing by X% on 2020. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when imports increased by X%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, abrasives imports expanded notably to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by X%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons), distantly followed by Bangladesh (X tons), the United Arab Emirates (X tons), Saudi Arabia (X tons) and South Korea (X tons) represented the key importers of abrasives (natural), together mixing up X% of total imports. The following importers - Malaysia (X tons), Indonesia (X tons), Vietnam (X tons), Thailand (X tons), Israel (X tons), Pakistan (X tons), Sri Lanka (X tons) and Qatar (X tons) - together made up X% of total imports.

Imports into China increased at an average annual rate of +X% from 2012 to 2021. At the same time, Pakistan (+X%), Sri Lanka (+X%), Bangladesh (+X%), Israel (+X%), Vietnam (+X%), Saudi Arabia (+X%), Qatar (+X%), South Korea (+X%) and Thailand (+X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2012-2021. By contrast, Indonesia (-X%), Malaysia (-X%) and the United Arab Emirates (-X%) illustrated a downward trend over the same period. China (+X p.p.), Bangladesh (+X p.p.), Pakistan (+X p.p.) and Sri Lanka (+X p.p.) significantly strengthened its position in terms of the total imports, while Indonesia, Malaysia and the United Arab Emirates saw its share reduced by -X%, -X% and -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest abrasives importing markets in Asia were China ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), with a combined X% share of total imports. South Korea, Indonesia, Israel, Bangladesh, Thailand, Malaysia, Vietnam, Qatar, Pakistan and Sri Lanka lagged somewhat behind, together accounting for a further X terms of the main importing countries, Sri Lanka, with a CAGR of +X%, saw the highest growth rate of 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

In 2021, the import price in Asia amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild reduction. The growth pace was the most rapid in 2013 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :