Calcined And Sintered Dolomite Market

The article provides a comprehensive analysis of the global calcined and sintered dolomite market from 2022 to 2030. It includes insights on consumption trends, production trends, import trends, export trends, and key players in the market. The market is expected to continue its upward consumption trend, with forecasted growth in both volume and value terms. China is leading in both consumption and production, while countries like the United States, India, and Belgium are also major players in the market. The article also highlights the fluctuations in market trends over the years and provides valuable information on average prices and growth rates.

Market Forecast

Driven by increasing demand for calcined and sintered dolomite worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +3.6% for the period from 2022 to 2030, which is projected to bring the market volume to 41M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.3% for the period from 2022 to 2030, which is projected to bring the market value to $6.8B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Calcined And Sintered Dolomite

In 2022, global calcined and sintered dolomite consumption declined modestly to 31M tons, shrinking by -1.6% against the previous year's figure. The total consumption volume increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, global consumption hit record highs at 33M tons in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

The global calcined and sintered dolomite market value declined slightly to $5.2B in 2022, falling by -1.5% 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). The market value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2018 when the market value increased by 9% against the previous year. Over the period under review, the global market reached the peak level at $5.7B in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Consumption By Country

China (5M tons) constituted the country with the largest volume of calcined and sintered dolomite consumption, accounting for 16% of total volume. Moreover, calcined and sintered dolomite consumption in China exceeded the figures recorded by the second-largest consumer, the United States (2.3M tons), twofold. India (2M tons) ranked third in terms of total consumption with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled +5.8%. The remaining consuming countries recorded the following average annual rates of consumption growth: the United States (+6.6% per year) and India (+4.5% per year).

In value terms, the largest calcined and sintered dolomite markets worldwide were China ($596M), the United States ($454M) and Pakistan ($409M), with a combined 28% share of the global market. Japan, Russia, Indonesia, Nigeria, Italy, India, Brazil, Mexico, the UK and Bangladesh lagged somewhat behind, together comprising a further 34%.

The UK, with a CAGR of +12.4%, saw the highest rates of growth with regard to market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of calcined and sintered dolomite per capita consumption in 2022 were Italy (10 kg per person), the UK (9 kg per person) and Japan (7.6 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 the UK (with a CAGR of +10.6%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Calcined And Sintered Dolomite

In 2022, global production of calcined and sintered dolomite contracted slightly to 31M tons, waning by -1.6% against 2021 figures. The total output volume increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when the production volume increased by 13%. Global production peaked at 33M tons in 2018; however, from 2019 to 2022, production failed to regain momentum.

In value terms, calcined and sintered dolomite production reduced to $5.1B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 9.1%. Global production peaked at $5.4B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Production By Country

China (5.1M tons) remains the largest calcined and sintered dolomite producing country worldwide, comprising approx. 16% of total volume. Moreover, calcined and sintered dolomite production in China exceeded the figures recorded by the second-largest producer, the United States (2.4M tons), twofold. India (1.9M tons) ranked third in terms of total production with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume in China totaled +5.5%. The remaining producing countries recorded the following average annual rates of production growth: the United States (+6.7% per year) and India (+4.1% per year).

Imports

World Imports of Calcined And Sintered Dolomite

In 2022, approx. 1.2M tons of calcined and sintered dolomite were imported worldwide; waning by -7.5% against 2021 figures. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 29% against the previous year. As a result, imports reached the peak of 1.5M tons. From 2015 to 2022, the growth of global imports remained at a lower figure.

In value terms, calcined and sintered dolomite imports totaled $228M in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Global imports peaked at $250M in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports By Country

In 2022, the Netherlands (214K tons), Canada (153K tons), Japan (105K tons), Taiwan (Chinese) (103K tons), Sweden (96K tons), Oman (88K tons), India (65K tons), France (61K tons), Finland (43K tons), Spain (38K tons) and the United States (34K tons) represented the key importer of calcined and sintered dolomite in the world, mixing up 81% of total import. Slovenia (21K tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +67.4%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the Netherlands ($55M) constitutes the largest market for imported calcined and sintered dolomite worldwide, comprising 24% of global imports. The second position in the ranking was taken by Sweden ($25M), with an 11% share of global imports. It was followed by France, with an 8.7% share.

In the Netherlands, calcined and sintered dolomite imports contracted by an average annual rate of -1.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sweden (+3.3% per year) and France (-2.8% per year).

Import Prices By Country

The average calcined and sintered dolomite import price stood at $184 per ton in 2022, with an increase of 9.5% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 11% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($328 per ton), while Slovenia ($52 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.6%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Calcined And Sintered Dolomite

In 2022, the amount of calcined and sintered dolomite exported worldwide dropped to 1.2M tons, falling by -8.2% on the previous year's figure. In general, exports saw a noticeable decline. The growth pace was the most rapid in 2021 when exports increased by 28%. Over the period under review, the global exports attained the peak figure at 1.4M tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, calcined and sintered dolomite exports stood at $213M in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year. Over the period under review, the global exports attained the maximum at $253M in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports By Country

In 2022, Belgium (303K tons), distantly followed by Vietnam (139K tons), the UK (126K tons), the United Arab Emirates (94K tons), the United States (64K tons), Italy (64K tons), Poland (59K tons), China (58K tons) and Thailand (57K tons) were the main exporters of calcined and sintered dolomite, together mixing up 84% of total exports.

From 2012 to 2022, average annual rates of growth with regard to calcined and sintered dolomite exports from Belgium stood at -9.5%. At the same time, Thailand (+65.5%), the United Arab Emirates (+34.2%), Poland (+24.7%), Vietnam (+16.5%), Italy (+9.2%) and the United States (+1.1%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +65.5% from 2012-2022. The UK experienced a relatively flat trend pattern. By contrast, China (-6.4%) illustrated a downward trend over the same period. Vietnam (+9.9 p.p.), the United Arab Emirates (+7.8 p.p.), Thailand (+4.9 p.p.), Poland (+4.6 p.p.), Italy (+3.7 p.p.), the UK (+2.4 p.p.) and the United States (+1.5 p.p.) significantly strengthened its position in terms of the global exports, while China and Belgium saw its share reduced by -2.9% and -32% from 2012 to 2022, respectively.

In value terms, Belgium ($75M) remains the largest calcined and sintered dolomite supplier worldwide, comprising 35% of global exports. The second position in the ranking was taken by the UK ($28M), with a 13% share of global exports. It was followed by Vietnam, with a 7.3% share.

In Belgium, calcined and sintered dolomite exports plunged by an average annual rate of -5.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the UK (+2.3% per year) and Vietnam (+20.6% per year).

Export Prices By Country

In 2022, the average calcined and sintered dolomite export price amounted to $185 per ton, surging by 9.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2013 an increase of 15% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($246 per ton), while the United Arab Emirates ($111 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform