Latest Report Update: Jan 30, 2021

Republic of Korea - Clays (excluding fireclay, bentonite, kaolin and other kaolinic clays and expanded clay) - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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Republic of Korea: Common Clay Market Overview 2021

Common Clay Market Size in Republic of Korea

In 2019, after two years of growth, there was significant decline in the South Korean common clay market, when its value decreased by -X% to $X. Over the period under review, consumption saw a mild decrease. The pace of growth appeared the most rapid in 2010 when the market value increased by X% against the previous year. As a result, consumption attained the peak level of $X. From 2011 to 2019, the growth of the market failed to regain the momentum.

Common Clay Exports

Exports from Republic of Korea

For the third year in a row, South Korea recorded decline in shipments abroad of common clay, which decreased by -X% to X tonnes in 2019. Over the period under review, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2009; however, from 2010 to 2019, exports remained at a lower figure.

In value terms, common clay exports stood at $X in 2019. Overall, exports recorded a pronounced slump. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Exports peaked at $X in 2009; however, from 2010 to 2019, exports remained at a lower figure.

Exports by Country

Viet Nam (X tonnes), Indonesia (X tonnes) and China (X tonnes) were the main destinations of common clay exports from South Korea, together comprising X% of total exports.

From 2007 to 2019, the biggest increases were in Indonesia (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

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

From 2007 to 2019, the average annual rate of growth in terms of value to Indonesia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Viet Nam (+X% per year) and India (+X% per year).

Export Prices by Country

In 2019, the average common clay export price amounted to $X per tonne, growing by X% against the previous year. Overall, export price indicated a buoyant expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, common clay export price increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. Over the period under review, average export prices attained the peak figure in 2019 and is likely to see steady growth in years to come.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand, while the prices for the other major destinations experienced more modest paces of growth.

Common Clay Imports

Imports into Republic of Korea

In 2019, purchases abroad of common clay decreased by -X% to X tonnes for the first time since 2016, thus ending a two-year rising trend. Overall, imports saw a abrupt descent. The pace of growth appeared the most rapid in 2010 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tonnes in 2011; however, from 2012 to 2019, imports remained at a lower figure.

In value terms, common clay imports dropped dramatically to $X in 2019. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. As a result, imports reached the peak of $X. From 2011 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2019, China (X tonnes) constituted the largest common clay supplier to South Korea, with a X% share of total imports. Moreover, common clay imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tonnes), twofold. The U.S. (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and the U.S. (-X% per year).

In value terms, the largest common clay suppliers to South Korea were China ($X), the U.S. ($X) and Japan ($X), together accounting for X% of total imports. These countries were followed by Thailand, Germany, Malaysia and India, which together accounted for a further X (+X% per year) saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average common clay import price amounted to $X per tonne, rising by X% against the previous year. In general, import price indicated prominent growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, common clay import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the peak figure in 2019 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Japan ($X per tonne), while the price for India ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for clays in the world?
+
China (56M tonnes) remains the largest clay consuming country worldwide, accounting for 24% of total volume. Moreover, clay consumption in China exceeded the figures recorded by the second-largest consumer, Russia (24M tonnes), twofold. Turkey (17M tonnes) ranked third in terms of total consumption with a 7.2% share.
What are the largest producers of clays in the world?
+
China (58M tonnes) constituted the country with the largest volume of clay production, comprising approx. 25% of total volume. Moreover, clay production in China exceeded the figures recorded by the second-largest producer, Russia (22M tonnes), threefold. Turkey (17M tonnes) ranked third in terms of total production with a 7.2% share.
What are the leading suppliers of clays to Republic of Korea?
+
In value terms, the U.S. ($38M), China ($34M) and India ($4.7M) were the largest clay suppliers to South Korea, with a combined 79% share of total imports. South Africa and Iran lagged somewhat behind, together comprising a further 4.5%.
What are the leading importers of clays from Republic of Korea?
+
In value terms, the largest markets for clay exported from South Korea were India ($3.8M), China ($3M) and Taiwan (Chinese) ($1.9M), together accounting for 74% of total exports.
What is the average export price for clays in Republic of Korea?
+
In 2019, the average clay export price amounted to $577 per tonne, surging by 8.5% against the previous year.
What is the average import price for clays in Republic of Korea?
+
In 2019, the average clay import price amounted to $208 per tonne, rising by 3.8% against the previous year.

Product coverage:
• Prodcom 08122250 - Common clays and shales for construction use (excluding bentonite, fireclay, expanded clays, kaolin and kaolinic clays), a ndalusite, kyanite and sillimanite, mullite, chamotte or dinas earths
• Prodcom 08122255 -

This report provides an in-depth analysis of the common clay market in Republic of Korea. 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 2025.


Country coverage:
• South Korea

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Republic of Korea
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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