Asia-Pacific: Carbonate Market 2024

Carbonate Market Size in Asia-Pacific

The Asia-Pacific carbonate market reduced to $X in 2023, remaining constant against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Carbonate Production in Asia-Pacific

In value terms, carbonate production rose modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Carbonate Exports

Exports in Asia-Pacific

In 2023, overseas shipments of carbonates and peroxocarbonates increased by X% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2022 when exports increased by X%. The volume of export peaked in 2023 and is expected to retain growth in years to come.

In value terms, carbonate exports dropped notably to $X in 2023. Over the period under review, exports saw a strong expansion. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then declined significantly in the following year.

Exports by Country

China was the largest exporter of carbonates and peroxocarbonates in Asia-Pacific, with the volume of exports accounting for X tons, which was near X% of total exports in 2023. Vietnam (X tons) ranks second in terms of the total exports with a X% share, followed by India (X%) and Malaysia (X%). Pakistan (X tons), South Korea (X tons) and Thailand (X tons) held a minor share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of carbonates and peroxocarbonates. At the same time, Vietnam (X%), Pakistan (X%), India (X%), South Korea (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. Malaysia experienced a relatively flat trend pattern. From 2012 to 2023, the share of Vietnam, India and Pakistan increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest carbonate supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

In China, carbonate exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: India (X% per year) and South Korea (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2023, dropping by X% against the previous year. Export price indicated a perceptible increase 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, carbonate export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2022 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then contracted 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 South Korea ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

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

Carbonate Imports

Imports in Asia-Pacific

For the third consecutive year, Asia-Pacific recorded growth in overseas purchases of carbonates and peroxocarbonates, which increased by X% to X tons in 2023. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; afterwards, it flattened through to 2023.

In value terms, carbonate imports shrank to $X in 2023. Overall, imports showed buoyant growth. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2023, India (X tons), followed by Indonesia (X tons), China (X tons), Thailand (X tons), South Korea (X tons), Vietnam (X tons), Malaysia (X tons) and Bangladesh (X tons) represented the largest importers of carbonates and peroxocarbonates, together generating X% of total imports. Japan (X tons) and Australia (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key 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 ($X) constitutes the largest market for imported carbonates and peroxocarbonates in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

In China, carbonate imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2023, reducing by X% against the previous year. In general, the import price, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Indonesia ($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