Eastern Asia: Market for Siliceous Fossil Meals (Kieselguhr, Tripolite and Diatomite) 2024

Market Size for Siliceous Fossil Meals (Kieselguhr, Tripolite and Diatomite) in Eastern Asia

In 2023, the East Asian market for siliceous fossil meals (kieselguhr, tripolite and diatomite) decreased by X% to $X, falling for the third consecutive year after three years of growth. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2023, the growth of the market remained at a lower figure.

Production of Siliceous Fossil Meals (Kieselguhr, Tripolite and Diatomite) in Eastern Asia

In value terms, production of siliceous fossil meals (kieselguhr, tripolite and diatomite) dropped slightly to $X in 2023 estimated in export price. Over the period under review, production saw modest growth. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2023, production of growth remained at a somewhat lower figure.

Exports of Siliceous Fossil Meals (Kieselguhr, Tripolite and Diatomite)

Exports in Eastern Asia

In 2023, shipments abroad of siliceous fossil meals (kieselguhr, tripolite and diatomite) decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, exports, however, saw a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2022, and then dropped slightly in the following year.

In value terms, exports of siliceous fossil meals (kieselguhr, tripolite and diatomite) contracted to $X in 2023. Overall, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2022 when exports increased by X%. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

In 2023, China (X tons) represented the main exporter of siliceous fossil meals (kieselguhr, tripolite and diatomite), creating X% of total exports. It was distantly followed by Japan (X tons), making up a X% share of total exports.

China was also the fastest-growing in terms of the siliceous fossil meals (kieselguhr, tripolite and diatomite) exports, with a CAGR of X% from 2012 to 2023. At the same time, Japan (X%) displayed positive paces of growth. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Japan (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest siliceous fossil meal (kieselguhr, tripolite and diatomite) supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports.

In China, exports of siliceous fossil meals (kieselguhr, tripolite and diatomite) expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the export price saw a slight setback. The most prominent rate of growth was recorded in 2020 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 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 Japan ($X per ton), while China totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%).

Imports of Siliceous Fossil Meals (Kieselguhr, Tripolite and Diatomite)

Imports in Eastern Asia

In 2023, the amount of siliceous fossil meals (kieselguhr, tripolite and diatomite) imported in Eastern Asia contracted to X tons, waning by X% against the previous year. In general, imports showed a slight downturn. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2023, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of siliceous fossil meals (kieselguhr, tripolite and diatomite) reduced to $X in 2023. The total import value 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 growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports of hit record highs at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, China (X tons) was the major importer of siliceous fossil meals (kieselguhr, tripolite and diatomite), making up X% of total imports. Taiwan (Chinese) (X tons) ranks second in terms of the total imports with a X% share, followed by South Korea (X%) and Japan (X%).

China was also the fastest-growing in terms of the siliceous fossil meals (kieselguhr, tripolite and diatomite) imports, with a CAGR of X% from 2012 to 2023. South Korea experienced a relatively flat trend pattern. Taiwan (Chinese) (X%) and Japan (X%) illustrated a downward trend over the same period. China (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese) and Japan saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, China ($X) constitutes the largest market for imported siliceous fossil meals (kieselguhr, tripolite and diatomite) in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

In China, imports of siliceous fossil meals (kieselguhr, tripolite and diatomite) 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: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2023, picking up by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, import prices attained the maximum in 2023 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 China ($X per ton), while Taiwan (Chinese) ($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