Overview of the Global Market for Refractory Products of Siliceous or Diatomite Earths

Market Size for Refractory Products of Siliceous or Diatomite Earths

In 2023, the global market for refractory products of siliceous or diatomite earths increased by X% to $X for the first time since 2019, thus ending a three-year declining trend. Over the period under review, consumption, however, showed a mild reduction. Over the period under review, the global market reached the peak level at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Production of Refractory Products of Siliceous or Diatomite Earths

In value terms, production of refractory products of siliceous or diatomite earths reached $X in 2023 estimated in export price. In general, production, however, showed a mild setback. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, global production of hit record highs at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Exports of Refractory Products of Siliceous or Diatomite Earths

Exports

In 2023, approx. X tons of refractory products of siliceous or diatomite earths were exported worldwide; which is down by X% compared with the year before. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the global exports of remained at a lower figure.

In value terms, exports of refractory products of siliceous or diatomite earths contracted significantly to $X in 2023. In general, total exports indicated a tangible increase from 2012 to 2023: its value 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 decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the global exports of hit record highs at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the eight major exporters of refractory products of siliceous or diatomite earths, namely Russia, Spain, China, Italy, Turkey, India, the United States and South Africa, represented more than two-thirds of total export. The following exporters - Australia (X tons), Rwanda (X tons), Ireland (X tons) and France (X tons) - together made up X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Ireland (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest refractory products of siliceous or diatomite earths supplying countries worldwide were India ($X), Spain ($X) and Italy ($X), together accounting for X% of global exports. France, China, South Africa, Turkey, the United States, Russia, Ireland, Rwanda and Australia lagged somewhat behind, together comprising a further X%.

Ireland, with a CAGR of X%, saw the highest growth rate of 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 export price for refractory products of siliceous or diatomite earths stood at $X per ton in 2023, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2023, the average export prices remained at a somewhat lower figure.

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 France ($X per ton), while the United States ($X per ton) was amongst the lowest.

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

Imports of Refractory Products of Siliceous or Diatomite Earths

Imports

In 2023, approx. X tons of refractory products of siliceous or diatomite earths were imported worldwide; jumping by X% on the year before. In general, total imports indicated perceptible 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. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Global imports peaked at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, imports of refractory products of siliceous or diatomite earths dropped to $X in 2023. Over the period under review, total imports indicated a modest increase from 2012 to 2023: its value 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, imports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Global imports peaked at $X in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

Imports by Country

India represented the key importing country with an import of about X tons, which accounted for X% of total imports. It was distantly followed by Canada (X tons), the Czech Republic (X tons) and Rwanda (X tons), together constituting a X% share of total imports. Ireland (X tons), Saudi Arabia (X tons), Greece (X tons), the UK (X tons), Kazakhstan (X tons) and Nigeria (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to refractory products of siliceous or diatomite earths imports into India stood at X%. At the same time, Greece (X%), Nigeria (X%), Ireland (X%), Rwanda (X%), Saudi Arabia (X%), the Czech Republic (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. Canada experienced a relatively flat trend pattern. By contrast, the UK (X%) illustrated a downward trend over the same period. While the share of India (X p.p.), Rwanda (X p.p.), the Czech Republic (X p.p.), Greece (X p.p.), Ireland (X p.p.), Saudi Arabia (X p.p.) and Nigeria (X p.p.) increased significantly in terms of the global imports from 2012-2023, the share of Canada (X p.p.) and the UK (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest refractory products of siliceous or diatomite earths importing markets worldwide were Rwanda ($X), the UK ($X) and Ireland ($X), with a combined X% share of global imports. India, Saudi Arabia, Greece, Nigeria, the Czech Republic, Canada and Kazakhstan lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2023, the average import price for refractory products of siliceous or diatomite earths amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price showed a slight reduction. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. Global import price peaked at $X per ton in 2019; however, from 2020 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Canada ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform