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Kaolinitic Clays Market in China

Market Overview
The Chinese kaolinitic clays market rose remarkably to $ in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a prominent increase from 2007 to : its value increased at an average annual rate of +% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2007 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

In value terms, kaolinitic clays production reduced to $ in estimated in export price. Overall, production showed a resilient expansion. The growth pace was the most rapid in 2017 when the production volume increased by %. China production peaked at $ in 2019, and then shrank slightly in the following year.


Consumption
For the sixteenth year in a row, China recorded growth in consumption of kaolinitic clays (ball and plastic clays), which increased by % to tons in . Overall, the total consumption indicated a moderate expansion from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2007 indices. The growth pace was the most rapid in 2018 with an increase of %. Over the period under review, consumption reached the peak volume in and is expected to retain growth in the near future.

The value of the kaolinitic clays market in China amounted to $ in , with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated pronounced growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2007 indices. China consumption peaked in and is likely to continue growth in the near future.


Market Forecast
Driven by increasing demand for kaolinitic clays in China, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, the share of imports in terms of total kaolinitic clays consumption in China was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the China kaolinitic clays market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
China remains a net exporter of kaolinitic clays; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.