China - Abrasives (Natural) - Market Analysis, Forecast, Size, Trends and Insights
China: Abrasives Market 2022
Abrasives Market Size in China
After four years of growth, the Chinese abrasives market decreased by -X% to $X in 2021. In general, consumption enjoyed prominent growth. Abrasives consumption peaked at $X in 2020, and then declined in the following year.
Abrasives Production in China
In value terms, abrasives production fell to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2020, and then dropped in the following year.
Abrasives Exports
Exports from China
In 2021, overseas shipments of abrasives (natural) decreased by -X% to X tons, falling for the second consecutive year after three years of growth. In general, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.
In value terms, abrasives exports stood at $X in 2021. Overall, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.
Exports by Country
The United States (X tons), South Korea (X tons) and Russia (X tons) were the main destinations of abrasives exports from China, with a combined X% share of total exports. Australia, Italy, Japan, Poland, New Zealand, Indonesia, the United Arab Emirates, the Netherlands, Turkey and Malaysia lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in Poland (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, South Korea ($X), the United States ($X) and Australia ($X) were the largest markets for abrasives exported from China worldwide, together accounting for X% of total exports. Japan, Russia, Italy, Malaysia, the United Arab Emirates, Poland, New Zealand, Indonesia, the Netherlands and Turkey lagged somewhat behind, together comprising a further X, with a CAGR of +X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2021, the average abrasives export price amounted to $X per ton, increasing by X% against the previous year. Overall, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, abrasives export price increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the immediate term.
Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+X%), while the prices for the other major destinations experienced more modest paces of growth.
Abrasives Imports
Imports into China
In 2021, purchases abroad of abrasives (natural) decreased by -X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.
In value terms, abrasives imports declined to $X in 2021. Over the period under review, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2020, and then reduced in the following year.
Imports by Country
Indonesia (X tons), Turkey (X tons) and Japan (X tons) were the main suppliers of abrasives imports to China, together comprising X% of total imports.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +X%), while imports for the other leaders experienced mixed trend patterns.
In value terms, the largest abrasives suppliers to China were Indonesia ($X), Turkey ($X) and Japan ($X), together accounting for X% of total imports.
In terms of the main suppliers, Turkey, 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 average abrasives import price stood at $X per ton in 2021, rising by X% against the previous year. Overall, the import price, however, saw a pronounced decrease. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+X%), while the prices for the other major suppliers experienced a decline.
| Base Year | Historical Period | Forecast Period | Units |
|---|---|---|---|
| 2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the abrasives market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
Recommended reports
This report provides an in-depth analysis of the global abrasives market.
This report provides an in-depth analysis of the abrasives market in the EU.
This report provides an in-depth analysis of the abrasives market in Asia.
This report provides an in-depth analysis of the abrasives market in the U.S..
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, January 25th, 2022 @ 04:00 pm ET
Join our live webinar to get insights into the global graphite market.
Tuesday, May 18th, 2021 @ 04:00 pm ET
Join our live webinar to get insights into cooling innovations in the oil and gas industry.
Monday, November 2nd, 2020 @ 04:00 pm ET
