Asia: Chalk Market 2022

Chalk Market Size in Asia

In 2021, the Asian chalk market decreased by -20.2% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption showed a pronounced shrinkage. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Chalk Production in Asia

In value terms, chalk production plummeted to $X in 2021 estimated in export price. Overall, production recorded a perceptible reduction. The pace of growth was the most pronounced in 2014 with an increase of 33%. The level of production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Chalk Exports

Exports in Asia

In 2021, overseas shipments of chalks increased by 42% to X tons, rising for the second year in a row after two years of decline. In general, exports saw prominent growth. The pace of growth was the most pronounced in 2013 when exports increased by 62% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, chalk exports rose notably to $X in 2021. Total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 54%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia dominates exports structure, amounting to X tons, which was approx. 66% of total exports in 2021. Japan (X tons) ranks second in terms of the total exports with a 7.7% share, followed by Iran (7.7%), Syrian Arab Republic (6.2%) and Turkey (4.6%). Uzbekistan (X tons) took a relatively small share of total exports.

Saudi Arabia was also the fastest-growing in terms of the chalks exports, with a CAGR of +59.4% from 2012 to 2021. At the same time, Japan (+20.4%), Turkey (+16.2%) and Uzbekistan (+1.9%) displayed positive paces of growth. Iran experienced a relatively flat trend pattern. By contrast, Syrian Arab Republic (-4.7%) illustrated a downward trend over the same period. While the share of Saudi Arabia (+63 p.p.), Uzbekistan (+3.9 p.p.) and Japan (+2.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Iran (-16.8 p.p.) and Syrian Arab Republic (-26.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest chalk supplier in Asia, comprising 52% of total exports. The second position in the ranking was taken by Japan ($X), with a 15% share of total exports. It was followed by Iran, with a 9.2% share.

In Saudi Arabia, chalk exports expanded at an average annual rate of +43.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (+9.8% per year) and Iran (-4.0% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, waning by -19.3% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2014 when the export price increased by 17% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+9.7%), while the other leaders experienced a decline in the export price figures.

Chalk Imports

Imports in Asia

Chalk imports rose remarkably to X tons in 2021, growing by 6.8% against the previous year's figure. Over the period under review, imports, however, recorded a pronounced curtailment. The growth pace was the most rapid in 2016 when imports increased by 26% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, chalk imports shrank to $X in 2021. Overall, imports, however, continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2018 when imports increased by 31%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Kuwait (X tons), Bahrain (X tons) and Lebanon (X tons) was the main importer of chalks in Asia, mixing up 64% of total import. It was distantly followed by Armenia (X tons), achieving a 9.6% share of total imports. The following importers - China (X tons), Israel (X tons), Kazakhstan (X tons), Syrian Arab Republic (X tons), South Korea (X tons) and Macao SAR (X tons) - together made up 16% of total imports.

From 2012 to 2021, the biggest increases were in South Korea (with a CAGR of +65.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X), Bahrain ($X) and Lebanon ($X) constituted the countries with the highest levels of imports in 2021, with a combined 41% share of total imports.

Among the main importing countries, Bahrain, with a CAGR of +36.8%, 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

The import price in Asia stood at $X per ton in 2021, falling by -16.8% against the previous year. In general, the import price showed a slight slump. The pace of growth appeared the most rapid in 2018 an increase of 24%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Macao SAR ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Macao SAR (+12.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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