Asia: Other Carbonates Market 2024

Other Carbonates Market Size in Asia

After two years of growth, the Asian other carbonates market decreased by X% to $X in 2023. The total consumption indicated buoyant growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Other Carbonates Production in Asia

In value terms, other carbonates production totaled $X in 2023 estimated in export price. The total production indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Other Carbonates Exports

Exports in Asia

In 2023, overseas shipments of other carbonates increased by X% to X tons, rising for the second consecutive year after three years of decline. Total exports indicated noticeable growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2021 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, other carbonates exports dropped to $X in 2023. In general, exports recorded a resilient increase. The pace of growth was the most pronounced in 2022 when exports increased by X%. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

In 2023, China (X tons) represented the main exporter of other carbonates, committing X% of total exports. It was distantly followed by South Korea (X tons) and Turkey (X tons), together committing a X% share of total exports. The following exporters - India (X tons), Taiwan (Chinese) (X tons) and Uzbekistan (X tons) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Uzbekistan (X%), Turkey (X%), India (X%), South Korea (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. Turkey (X p.p.), India (X p.p.) and Uzbekistan (X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest other carbonates supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in China stood at X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, waning by X% against the previous year. In general, the export price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped notably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Other Carbonates Imports

Imports in Asia

In 2023, overseas purchases of other carbonates decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, imports, however, posted a strong increase. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then dropped significantly in the following year.

In value terms, other carbonates imports shrank to $X in 2023. Overall, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

South Korea (X tons) and China (X tons) were the major importers of other carbonates in 2023, reaching approx. X% and X% of total imports, respectively. It was distantly followed by India (X tons), Thailand (X tons), Japan (X tons) and Malaysia (X tons), together achieving a X% share of total imports. The following importers - Turkey (X tons), Indonesia (X tons), Taiwan (Chinese) (X tons), Vietnam (X tons), the United Arab Emirates (X tons) and Bangladesh (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

From 2012 to 2023, the average annual growth rate of value in China amounted to X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

In 2023, the import price in Asia amounted to $X per ton, surging by X% against the previous year. In general, the import price continues to indicate a significant expansion. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. The level of import peaked in 2023 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 2023, amid the top importers, the country with the highest price was China ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform