Republic of Korea: Market for Non-Kaolinitic Clays for Constructional and Industrial Use 2024

Market Size for Non-Kaolinitic Clays for Constructional and Industrial Use in Republic of Korea

For the fourth year in a row, the South Korean market for non-kaolinitic clays for constructional and industrial use recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Production of Non-Kaolinitic Clays for Constructional and Industrial Use in Republic of Korea

In value terms, production of non-kaolinitic clays for constructional and industrial use soared to $X in 2022 estimated in export price. Overall, production, however, faced a sharp reduction. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Non-Kaolinitic Clays for Constructional and Industrial Use

Exports from Republic of Korea

In 2022, shipments abroad of non-kaolinitic clays for constructional and industrial use decreased by X% to X tons, falling for the third consecutive year after four years of growth. In general, total exports indicated a notable expansion from 2012 to 2022: its volume 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, exports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of non-kaolinitic clays for constructional and industrial use declined sharply to $X in 2022. Over the period under review, exports recorded a deep slump. The pace of growth appeared the most rapid in 2016 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons), Taiwan (Chinese) (X tons) and Indonesia (X tons) were the main destinations of exports of non-kaolinitic clays for constructional and industrial use from South Korea, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Vietnam ($X) and China ($X) appeared to be the largest markets for non-kaolinitic clays for constructional and industrial use exported from South Korea worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Taiwan (Chinese), with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for non-kaolinitic clays for constructional and industrial use stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price recorded a deep slump. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Kaolinitic Clays for Constructional and Industrial Use

Imports into Republic of Korea

Imports of non-kaolinitic clays for constructional and industrial use into South Korea fell slightly to X tons in 2022, remaining stable against the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of non-kaolinitic clays for constructional and industrial use amounted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

India (X tons), China (X tons) and the United States (X tons) were the main suppliers of imports of non-kaolinitic clays for constructional and industrial use to South Korea, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Japan ($X) appeared to be the largest non-kaolinitic clays for constructional and industrial use suppliers to South Korea, together comprising X% of total imports. South Africa, India, France and Turkey lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, India, with a CAGR of X%, recorded the highest growth rate of 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 import price for non-kaolinitic clays for constructional and industrial use stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for India ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :