Asia: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in Asia

The Asian double or complex silicates market reduced modestly to $X in 2023, approximately mirroring the previous year. In general, consumption showed a pronounced slump. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Production of Double Or Complex Silicates in Asia

In value terms, double or complex silicates production dropped slightly to $X in 2023 estimated in export price. In general, production saw a abrupt descent. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Exports of Double Or Complex Silicates

Exports in Asia

In 2023, approx. X tons of double or complex silicates were exported in Asia; rising by X% compared with 2022 figures. In general, exports, however, showed a deep contraction. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, double or complex silicates exports surged to $X in 2023. Over the period under review, exports showed a noticeable expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, India (X tons) and South Korea (X tons) represented the largest exporters of double or complex silicates in Asia, together constituting X% of total exports. Malaysia (X tons) held the next position in the ranking, followed by Japan (X tons) and Turkey (X tons). All these countries together held near X% share of total exports. The United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the largest double or complex silicates supplier in Asia, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

In Japan, double or complex silicates exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: India (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2023, 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 Japan ($X per ton), while South Korea ($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.

Imports of Double Or Complex Silicates

Imports in Asia

Double or complex silicates imports totaled X tons in 2023, flattening at the year before. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, double or complex silicates imports stood at $X in 2023. Total imports indicated a notable 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, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

The countries with the highest levels of double or complex silicates imports in 2023 were India (X tons), Indonesia (X tons), Japan (X tons), China (X tons), Turkey (X tons), Israel (X tons), Thailand (X tons), Myanmar (X tons), Malaysia (X tons), the Philippines (X tons), Taiwan (Chinese) (X tons) and South Korea (X tons), together accounting for X% of total import.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

India, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2023, growing by X% against the previous year. Import price indicated temperate growth from 2012 to 2023: its price 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, double or complex silicates import price decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2019 to 2023, the import prices remained at a lower figure.

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 South Korea ($X per ton), while Israel ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform