China: Carbonate Market Overview 2021

Carbonate Market Size in China

The Chinese carbonate market expanded notably to $X in 2020, rising by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the market value increased by X% year-to-year. Carbonate consumption peaked at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

Carbonate Production in China

In value terms, carbonate production expanded significantly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by X% y-o-y. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2020, production stood at a somewhat lower figure.

Carbonate Exports

Exports from China

In 2020, overseas shipments of carbonates and peroxocarbonates increased by X% to X tonnes, rising for the second consecutive year after three years of decline. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Exports peaked at X tonnes in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

In value terms, carbonate exports amounted to $X in 2020. The total export value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Exports peaked at $X in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

Exports by Country

South Korea (X tonnes), Indonesia (X tonnes) and Viet Nam (X tonnes) were the main destinations of carbonate exports from China, together comprising X% of total exports. Bangladesh, Thailand, the Philippines, Nigeria, Malaysia, Japan, Taiwan (Chinese), India, Myanmar and Australia lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in Myanmar, while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) remains the key foreign market for carbonate exports from China, comprising X% of total exports. The second position in the ranking was occupied by Japan ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to South Korea amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and Indonesia (-X% per year).

Export Prices by Country

The average carbonate export price stood at $X per tonne in 2020, almost unchanged from the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2018; however, from 2019 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per tonne), while the average price for exports to Nigeria ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced more modest paces of growth.

Carbonate Imports

Imports into China

In 2020, the amount of carbonates and peroxocarbonates imported into China soared to X tonnes, picking up by X% compared with the previous year's figure. Over the period under review, imports saw strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, carbonate imports surged to $X in 2020. Overall, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, the U.S. (X tonnes) constituted the largest supplier of carbonate to China, accounting for a X% share of total imports. Moreover, carbonate imports from the U.S. exceeded the figures recorded by the second-largest supplier, Turkey (X tonnes), twofold. The third position in this ranking was occupied by Chile (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from the U.S. stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Chile (+X% per year).

In value terms, Chile ($X) constituted the largest supplier of carbonate to China, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Chile totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Turkey (+X% per year).

Import Prices by Country

In 2020, the average carbonate import price amounted to $X per tonne, waning by -X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% year-to-year. The import price peaked at $X per tonne in 2017; however, from 2018 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Chile ($X per tonne), while the price for the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for carbonates and peroxocarbonates in the world?

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China (14M tonnes) constituted the country with the largest volume of carbonate consumption, accounting for 24% of total volume. Moreover, carbonate consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (6.3M tonnes), twofold. India (3.5M tonnes) ranked third in terms of total consumption with a 5.8% share.

What are the largest producers of carbonates and peroxocarbonates in the world?

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The countries with the highest volumes of carbonate production in 2020 were China (16M tonnes), the U.S. (12M tonnes) and Turkey (4M tonnes), with a combined 55% share of global production.

What are the leading suppliers of carbonates and peroxocarbonates to China?

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In value terms, Chile ($182M) constituted the largest supplier of carbonate to China, comprising 45% of total imports. The second position in the ranking was occupied by the U.S. ($41M), with a 10% share of total imports. It was followed by Turkey, with a 5% share.

What are the leading importers of carbonates and peroxocarbonates from China?

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In value terms, South Korea ($125M) remains the key foreign market for carbonate exports from China, comprising 14% of total exports. The second position in the ranking was occupied by Japan ($61M), with a 7% share of total exports. It was followed by Indonesia, with a 6.4% share.

What is the average export price for carbonates and peroxocarbonates in China?

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The average carbonate export price stood at $335 per tonne in 2020, leveling off at the previous year.

What is the average import price for carbonates and peroxocarbonates in China?

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In 2020, the average carbonate import price amounted to $758 per tonne, declining by -27.8% against the previous year.