Eastern Asia: Market for Porphyry, Basalt and Quartzites 2024

Market Size for Porphyry, Basalt and Quartzites in Eastern Asia

The East Asian porphyry, basalt and quartzites market dropped modestly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption saw a abrupt setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Porphyry, Basalt and Quartzites in Eastern Asia

In value terms, porphyry, basalt and quartzites production contracted to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 when the production volume increased by 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 Eastern Asia

After four years of growth, overseas shipments of porphyry, basalt and quartzites decreased by X% to X tons in 2022. Overall, exports, however, showed prominent growth. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, porphyry, basalt and quartzites exports rose notably to $X in 2022. In general, exports, however, saw a buoyant expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, finishing at X tons, which was near X% of total exports in 2022. South Korea (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

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 Eastern Asia, with a CAGR of X% from 2012-2022. While the share of Taiwan (Chinese) (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Korea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest porphyry, basalt and quartzites supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price, however, recorded a noticeable contraction. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced a decline in the export price figures.

Imports of Porphyry, Basalt and Quartzites

Imports in Eastern Asia

In 2022, imports of porphyry, basalt and quartzites in Eastern Asia skyrocketed to X tons, growing by X% against the previous year. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, porphyry, basalt and quartzites imports reached $X in 2022. Over the period under review, imports recorded a perceptible expansion. 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 continue growth in the near future.

Imports by Country

China (X tons) and Japan (X tons) dominates imports structure, together mixing up X% of total imports. Hong Kong SAR (X tons) ranks next in terms of the total imports with a X% share, followed by South Korea (X%).

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 mixed trends in the imports figures.

In value terms, China ($X) constitutes the largest market for imported porphyry, basalt and quartzites in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, which is down by X% against the previous year. Import price indicated a notable increase 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 2019 indices. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Hong Kong SAR ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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