Asia: Abrasives Market 2024

Abrasives Market Size in Asia

After two years of growth, the Asian abrasives market decreased by X% to $X in 2022. The total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Abrasives Production in Asia

In value terms, abrasives production contracted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Abrasives Exports

Exports in Asia

In 2022, abrasives exports in Asia contracted to X tons, waning by X% on the previous year's figure. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, abrasives exports declined to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then fell in the following year.

Exports by Country

Turkey was the key exporting country with an export of about X tons, which amounted to X% of total exports. China (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (X%), India (X%) and Japan (X%). The United Arab Emirates (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest abrasives supplying countries in Asia were China ($X), Turkey ($X) and India ($X), together accounting for X% of total exports. Japan, the United Arab Emirates and Indonesia lagged somewhat behind, together accounting for a further X%.

The United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries 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 Asia stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, 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.

Abrasives Imports

Imports in Asia

In 2022, the amount of abrasives (natural) imported in Asia expanded markedly to X tons, growing by X% against 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, abrasives imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat 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 level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

China (X tons) and the United Arab Emirates (X tons) were the key importers of abrasives (natural) in 2022, accounting for approx. X% and X% of total imports, respectively. It was distantly followed by Bangladesh (X tons), Saudi Arabia (X tons) and South Korea (X tons), together creating a X% share of total imports. The following importers - Malaysia (X tons), Indonesia (X tons), Pakistan (X tons), Thailand (X tons), Qatar (X tons), Singapore (X tons), Japan (X tons) and Kuwait (X tons) - together made up X% of total imports.

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

In value terms, the largest abrasives importing markets in Asia were the United Arab Emirates ($X), China ($X) and Saudi Arabia ($X), with a combined X% share of total imports. South Korea, Indonesia, Bangladesh, Malaysia, Singapore, Japan, Thailand, Qatar, Pakistan and Kuwait lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Pakistan, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 2022, rising by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :