Eastern Asia: Dolomite Market 2024

Dolomite Market Size in Eastern Asia

The East Asian dolomite market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Dolomite Production in Eastern Asia

In value terms, dolomite production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 46%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Dolomite Exports

Exports in Eastern Asia

In 2021, the amount of dolomite exported in Eastern Asia soared to X tons, with an increase of 27% against the previous year. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, dolomite exports surged to $X in 2021. Total exports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the largest exporting country with an export of around X tons, which reached 84% of total exports. It was distantly followed by South Korea (X tons), creating a 16% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of dolomite. At the same time, South Korea (+10.4%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +10.4% from 2012-2021. While the share of South Korea (+8.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (-7.7 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest dolomite supplier in Eastern Asia, comprising 76% of total exports. The second position in the ranking was held by South Korea ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +2.4%.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, rising by 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2018 when the export price increased by 30% against the previous year. Over the period under review, the export prices reached the maximum in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per ton), while China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.8%).

Dolomite Imports

Imports in Eastern Asia

After three years of decline, supplies from abroad of dolomite increased by 16% to X tons in 2021. Over the period under review, imports, however, saw a pronounced slump. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, dolomite imports soared to $X in 2021. In general, imports, however, showed a mild shrinkage. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X tons) represented the major importer of dolomite, generating 64% of total imports. Taiwan (Chinese) (X tons) held the second position in the ranking, distantly followed by China (X tons). All these countries together took approx. 36% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to dolomite imports into Japan stood at -3.6%. At the same time, Taiwan (Chinese) (+2.9%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +2.9% from 2012-2021. By contrast, China (-8.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Taiwan (Chinese) increased by +10 percentage points.

In value terms, China ($X), Japan ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of imports in 2021, together comprising 100% of total imports.

Among the main importing countries, Taiwan (Chinese), with a CAGR of +7.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, growing by 17% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2019 an increase of 37%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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