Asia: Market for Porphyry, Basalt and Quartzites 2024

Market Size for Porphyry, Basalt and Quartzites in Asia

In 2022, the Asian porphyry, basalt and quartzites market increased by X% to $X, rising for the second consecutive year after eight years of decline. In general, consumption, however, continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2021 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Porphyry, Basalt and Quartzites in Asia

In value terms, porphyry, basalt and quartzites production fell modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible contraction. The growth pace was the most rapid in 2021 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Exports of Porphyry, Basalt and Quartzites

Exports in Asia

In 2022, overseas shipments of porphyry, basalt and quartzites decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, exports showed a abrupt decline. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021, and then shrank dramatically in the following year.

In value terms, porphyry, basalt and quartzites exports fell significantly to $X in 2022. In general, exports showed a deep slump. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, China (X tons) was the largest exporter of porphyry, basalt and quartzites, comprising X% of total exports. It was distantly followed by Turkey (X tons) and India (X tons), together constituting a X% share of total exports. The following exporters - South Korea (X tons) and Taiwan (Chinese) (X tons) - each amounted to a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to porphyry, basalt and quartzites exports from China stood at X%. At the same time, Taiwan (Chinese) (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Turkey (X%) and India (X%) illustrated a downward trend over the same period. China (X p.p.), South Korea (X p.p.) and Taiwan (Chinese) (X p.p.) significantly strengthened its position in terms of the total exports, while Turkey and India saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Turkey ($X), China ($X) and India ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Taiwan (Chinese) and South Korea lagged somewhat behind, together accounting for a further X%.

Taiwan (Chinese), with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 2022, picking up by X% against the previous year. Over the period under review, the export price, however, saw a slight downturn. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a 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 India ($X per ton), while South Korea ($X per ton) was amongst the lowest.

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

Imports of Porphyry, Basalt and Quartzites

Imports in Asia

Porphyry, basalt and quartzites imports rose to X tons in 2022, growing by X% against the year before. Overall, imports recorded a tangible increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, porphyry, basalt and quartzites imports rose notably to $X in 2022. Over the period under review, imports recorded prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

Bangladesh (X tons), China (X tons), Japan (X tons), Maldives (X tons) and Malaysia (X tons) represented roughly X% of total imports in 2022. The following importers - Azerbaijan (X tons), Georgia (X tons), Indonesia (X tons), India (X tons), Hong Kong SAR (X tons) and South Korea (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest porphyry, basalt and quartzites importing markets in Asia were China ($X), Bangladesh ($X) and Japan ($X), with a combined X% share of total imports.

In terms of the main importing countries, Bangladesh, 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 Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Import price indicated notable growth from 2012 to 2022: its price 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. Based on 2022 figures, porphyry, basalt and quartzites import price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

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 India ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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