ASEAN: Kaolin Market 2024

Kaolin Market Size in ASEAN

In 2023, the ASEAN kaolin market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then shrank rapidly in the following year.

Kaolin Production in ASEAN

In value terms, kaolin production totaled $X in 2023 estimated in export price. In general, production, however, showed a mild contraction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Kaolin Exports

Exports in ASEAN

Kaolin exports expanded remarkably to X tons in 2023, increasing by X% against the previous year's figure. Over the period under review, exports enjoyed measured growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of export peaked in 2023 and is expected to retain growth in the near future.

In value terms, kaolin exports skyrocketed to $X in 2023. In general, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2023 and are expected to retain growth in years to come.

Exports by Country

Indonesia represented the largest exporter of kaolin and kaolinic clays in ASEAN, with the volume of exports recording X tons, which was approx. X% of total exports in 2023. Malaysia (X tons) held the second position in the ranking, distantly followed by Thailand (X tons) and Vietnam (X tons). All these countries together took near X% share 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 Thailand (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest kaolin supplying countries in ASEAN were Malaysia ($X), Indonesia ($X) and Vietnam ($X), together comprising X% of total exports.

In terms of the main exporting countries, Malaysia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2023, growing by X% against the previous year. Export price indicated tangible 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, kaolin export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

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 Vietnam ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Kaolin Imports

Imports in ASEAN

After two years of growth, overseas purchases of kaolin and kaolinic clays decreased by X% to X tons in 2023. Total imports indicated a mild increase 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 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2022, and then reduced sharply in the following year.

In value terms, kaolin imports fell rapidly to $X in 2023. Total imports indicated tangible growth 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 increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then dropped markedly in the following year.

Imports by Country

In 2023, Vietnam (X tons), distantly followed by Indonesia (X tons), Malaysia (X tons), Thailand (X tons) and the Philippines (X tons) were the major importers of kaolin and kaolinic clays, together committing X% of total imports.

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

In value terms, the largest kaolin importing markets in ASEAN were Vietnam ($X), Indonesia ($X) and Thailand ($X), with a combined X% share of total imports.

Vietnam, with a CAGR of X%, saw 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

In 2023, the import price in ASEAN amounted to $X per ton, increasing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2023 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Malaysia ($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 Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform