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World - Abrasives (Natural) - Market Analysis, Forecast, Size, Trends And Insights
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The global market for natural abrasives is anticipated to experience a steady growth in consumption over the next eight years, with a forecasted CAGR of +5.7%. By 2030, the market volume is expected to reach 200M tons, valued at $291.4B. Despite a slight decline in consumption in 2022, overall consumption has shown resilience and growth. China stands out as the largest consumer and producer of abrasives, with impressive growth rates over the years. The United States leads in imports, while Greece tops the list of exporters. The market is also characterized by fluctuations in prices, with noticeable differences across countries. Overall, the global market for natural abrasives is poised for continued growth and opportunities for key players in the industry.
Market Forecast
Driven by increasing demand for abrasives (natural) worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +5.7% for the period from 2022 to 2030, which is projected to bring the market volume to 200M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +7.8% for the period from 2022 to 2030, which is projected to bring the market value to $291.4B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Abrasives (Natural)
In 2022, after two years of growth, there was decline in consumption of abrasives (natural), when its volume decreased by -4.6% to 129M tons. Overall, consumption, however, recorded a strong increase. Global consumption peaked at 135M tons in 2021, and then contracted slightly in the following year.
The global abrasives market revenue reduced to $159.6B in 2022, dropping by -6.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a resilient expansion. Global consumption peaked at $170.7B in 2021, and then declined in the following year.
Consumption By Country
The country with the largest volume of abrasives consumption was China (25M tons), comprising approx. 19% of total volume. Moreover, abrasives consumption in China exceeded the figures recorded by the second-largest consumer, India (9.7M tons), threefold. Turkey (6.2M tons) ranked third in terms of total consumption with a 4.9% share.
In China, abrasives consumption expanded at an average annual rate of +20.3% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+19.2% per year) and Turkey (+20.8% per year).
In value terms, Brazil ($82.4B) led the market, alone. The second position in the ranking was held by Nigeria ($12.3B). It was followed by China.
In Brazil, the abrasives market increased at an average annual rate of +18.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Nigeria (+20.2% per year) and China (+23.9% per year).
The countries with the highest levels of abrasives per capita consumption in 2022 were Turkey (73 kg per person), the UK (66 kg per person) and Italy (65 kg per person).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Japan (with a CAGR of +20.3%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Abrasives (Natural)
In 2022, production of abrasives (natural) decreased by -4.5% to 130M tons for the first time since 2019, thus ending a two-year rising trend. Overall, production, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 69%. Global production peaked at 136M tons in 2021, and then contracted in the following year.
In value terms, abrasives production fell to $162.3B in 2022 estimated in export price. In general, production, however, posted a prominent expansion. The growth pace was the most rapid in 2018 when the production volume increased by 90% against the previous year. Over the period under review, global production reached the peak level at $174.7B in 2021, and then dropped in the following year.
Production By Country
China (25M tons) constituted the country with the largest volume of abrasives production, comprising approx. 19% of total volume. Moreover, abrasives production in China exceeded the figures recorded by the second-largest producer, India (9.8M tons), threefold. Turkey (6.6M tons) ranked third in terms of total production with a 5.1% share.
In China, abrasives production expanded at an average annual rate of +20.4% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: India (+16.0% per year) and Turkey (+19.7% per year).
Imports
World Imports of Abrasives (Natural)
Global abrasives imports expanded significantly to 1.6M tons in 2022, picking up by 5.9% on the previous year's figure. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 19%. Over the period under review, global imports attained the peak figure at 1.7M tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, abrasives imports expanded sharply to $390M in 2022. The total import value increased at an average annual rate of +3.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. Over the period under review, global imports hit record highs in 2022 and are likely to see gradual growth in years to come.
Imports By Country
The United States represented the main importing country with an import of about 425K tons, which resulted at 26% of total imports. It was distantly followed by China (160K tons), the UK (146K tons) and Bangladesh (73K tons), together generating a 24% share of total imports. The following importers - the United Arab Emirates (72K tons), the Netherlands (64K tons), South Korea (41K tons), Canada (40K tons), Russia (39K tons), Denmark (28K tons) and Sweden (25K tons) - together made up 19% of total imports.
Imports into the United States increased at an average annual rate of +3.7% from 2012 to 2022. At the same time, the UK (+24.8%), Bangladesh (+16.4%), Russia (+9.4%), China (+8.0%), Sweden (+7.7%) and Denmark (+2.5%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing importer imported in the world, with a CAGR of +24.8% from 2012-2022. South Korea and the Netherlands experienced a relatively flat trend pattern. By contrast, Canada (-5.0%) and the United Arab Emirates (-7.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the UK, the United States, China and Bangladesh increased by +7.9, +5.1, +4.6 and +3.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($70M) constitutes the largest market for imported abrasives (natural) worldwide, comprising 18% of global imports. The second position in the ranking was held by the UK ($33M), with an 8.4% share of global imports. It was followed by the Netherlands, with an 8% share.
From 2012 to 2022, the average annual growth rate of value in the United States amounted to +2.3%. In the other countries, the average annual rates were as follows: the UK (+17.8% per year) and the Netherlands (+17.2% per year).
Import Prices By Country
The average abrasives import price stood at $243 per ton in 2022, increasing by 5.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2021 an increase of 11%. Global import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($483 per ton), while Denmark ($128 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+17.8%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Abrasives (Natural)
In 2022, approx. 2.8M tons of abrasives (natural) were exported worldwide; picking up by 4.8% on 2021 figures. Over the period under review, total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.2% against 2017 indices. The pace of growth was the most pronounced in 2018 with an increase of 16% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, abrasives exports reached $382M in 2022. The total export value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 30%. The global exports peaked in 2022 and are expected to retain growth in the immediate term.
Exports By Country
Greece represented the largest exporter of abrasives (natural) in the world, with the volume of exports accounting for 1.1M tons, which was approx. 37% of total exports in 2022. Turkey (407K tons) ranks second in terms of the total exports with a 14% share, followed by Australia (12%), South Africa (9.1%) and China (7%). The following exporters - Indonesia (115K tons), India (99K tons), Iceland (86K tons), Japan (70K tons) and the United States (43K tons) - together made up 15% of total exports.
From 2012 to 2022, average annual rates of growth with regard to abrasives exports from Greece stood at +9.3%. At the same time, South Africa (+62.5%), China (+12.8%), Turkey (+10.0%), Indonesia (+7.1%), Iceland (+5.4%), Japan (+4.4%), the United States (+2.8%) and Australia (+1.1%) displayed positive paces of growth. Moreover, South Africa emerged as the fastest-growing exporter exported in the world, with a CAGR of +62.5% from 2012-2022. By contrast, India (-15.8%) illustrated a downward trend over the same period. While the share of Greece (+15 p.p.), South Africa (+9 p.p.), Turkey (+6.5 p.p.) and China (+4 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Australia (-3.3 p.p.) and India (-24.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest abrasives supplying countries worldwide were Australia ($78M), China ($66M) and South Africa ($40M), with a combined 48% share of global exports.
South Africa, with a CAGR of +55.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average abrasives export price stood at $135 per ton in 2022, which is down by -1.9% against the previous year. Over the period under review, the export price saw a slight reduction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 14%. The global export price peaked at $161 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($605 per ton), while Greece ($17 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global abrasives market. 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 2030.
Product coverage:
- Prodcom 08992200 - Industrial diamonds, unworked or simply sawn, cleaved or bruted, pumice stone, emery, natural corundum, natural garnet and other natural abrasives
- Prodcom 08992220 -
- Prodcom 08992230 -
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Company coverage:
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
This report provides an in-depth analysis of the global abrasives market.
Global Natural Abrasives Market Report 2018. This report provides an in-depth analysis of the global natural abrasives market.