Asia-Pacific: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in Asia-Pacific

After three years of decline, the Asia-Pacific double or complex silicates market increased by X% to $X in 2022. Overall, consumption, however, showed a mild curtailment. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Double Or Complex Silicates in Asia-Pacific

In value terms, double or complex silicates production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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Exports of Double Or Complex Silicates

Exports in Asia-Pacific

Double or complex silicates exports dropped remarkably to X tons in 2022, with a decrease of X% compared with 2021. Overall, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then dropped notably in the following year.

In value terms, double or complex silicates exports declined notably to $X in 2022. In general, exports, however, saw a perceptible increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from South Korea (X tons), India (X tons) and Malaysia (X tons), together resulting at X% of total export. Japan (X tons) took the next position in the ranking, followed by Thailand (X tons). All these countries together held near X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Malaysia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the largest double or complex silicates supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by South Korea, with an X% share.

In Japan, double or complex silicates exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, picking up by X% against the previous year. In general, the export price saw a buoyant expansion. The growth pace was the most rapid in 2017 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the export prices remained at a somewhat lower figure.

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 Japan ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced more modest paces of growth.

Imports of Double Or Complex Silicates

Imports in Asia-Pacific

For the fifth consecutive year, Asia-Pacific recorded growth in purchases abroad of double or complex silicates, which increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, double or complex silicates imports reduced to $X in 2022. Over the period under review, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Indonesia (X tons), India (X tons) and Japan (X tons) represented roughly X% of total imports in 2022. It was distantly followed by China (X tons), Vietnam (X tons), Myanmar (X tons), the Philippines (X tons), Thailand (X tons) and Malaysia (X tons), together creating a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest double or complex silicates importing markets in Asia-Pacific were India ($X), Japan ($X) and China ($X), with a combined X% share of total imports.

India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, shrinking by X% against the previous year. In general, the import price, however, posted prominent growth. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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