Southern Asia: Expanded Clays Market 2024

Expanded Clays Market Size in Southern Asia

The South Asian expanded clays market shrank slightly to $X in 2022, waning by X% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Expanded Clays Production in Southern Asia

In value terms, expanded clays production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Expanded Clays Exports

Exports in Southern Asia

In 2022, expanded clays exports in Southern Asia surged to X tons, increasing by X% against the previous year's figure. Overall, exports posted resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, expanded clays exports soared to $X in 2022. Over the period under review, exports showed a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The shipments of the one major exporters of exfoliated vermiculite, expanded clays and foamed slag, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the exfoliated vermiculite, expanded clays and foamed slag exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest expanded clays supplier in Southern Asia.

In India, expanded clays exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price recorded a mild descent. The growth pace was the most rapid in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Expanded Clays Imports

Imports in Southern Asia

Expanded clays imports reduced to X tons in 2022, with a decrease of X% compared with 2021 figures. Over the period under review, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, expanded clays imports soared to $X in 2022. In general, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2018 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.

Imports by Country

India prevails in imports structure, finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Bangladesh (X tons), comprising a X% share of total imports. The following importers - Pakistan (X tons), Nepal (X tons) and Sri Lanka (X tons) - together made up X% of total imports.

India was also the fastest-growing in terms of the exfoliated vermiculite, expanded clays and foamed slag imports, with a CAGR of X% from 2012 to 2022. At the same time, Nepal (X%) and Pakistan (X%) displayed positive paces of growth. By contrast, Bangladesh (X%) and Sri Lanka (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sri Lanka (X p.p.) and Bangladesh (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported exfoliated vermiculite, expanded clays and foamed slag in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

In India, expanded clays imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (X% per year) and Bangladesh (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, jumping by X% against the previous year. Import price indicated resilient growth 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, expanded clays import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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