Global Gypsum and Anhydrite Imports Shrink with Declined Purchases from the U.S. and India
IndexBox has just published a new report: ‘World – Gypsum And Anhydrite – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.
Global gypsum and anhydrite imports fell from $991M in 2019 to $901M in 2020. The U.S., India, Japan, Indonesia and the UK constitute the largest importers of gypsum and anhydride worldwide. In 2020, these five countries saw significant drops in import volume. China, the Netherlands and Sweden were among the few countries that managed to increase their imports. In 2020, the average gypsum and anhydrite import price grew by +6% against the previous year.
Global Gypsum and Anhydrite Imports
In 2020, global gypsum and anhydrite imports fell to 30M tonnes, dropping by -14.2% on 2019. In value terms, gypsum and anhydrite imports dropped to $901M (IndexBox estimates) in 2020.
In 2020, the U.S. (6M tonnes), distantly followed by India (5.0M tonnes), Japan (2.4M tonnes), Indonesia (2.0M tonnes) and the UK (1.6M tonnes) were the key importers of gypsum and anhydrite, together generating 52% of total imports. The United Arab Emirates (1,326K tonnes), Bangladesh (1,108K tonnes), Canada (933K tonnes), Belgium (758K tonnes), South Korea (673K tonnes), Viet Nam (653K tonnes), Israel (571K tonnes) and China (556K tonnes) followed a long way behind the leaders.
The world’s largest importers, U.S. (-2% y-o-y), India (-6.3% y-o-y), Japan, Indonesia and the UK, saw significant drops in the import volume. By contrast, China, the Netherlands and Sweden managed to boost their purchases from abroad.
In value terms, the largest gypsum and anhydrite importing markets worldwide were the U.S. ($141M), India ($89M) and Japan ($86M), together comprising 35% of global imports. These countries were followed by Indonesia, the UK, Canada, Viet Nam, China, Belgium, South Korea, Bangladesh, the United Arab Emirates and Israel, which together accounted for a further 32%.
In 2020, the average gypsum and anhydrite import price amounted to $30 per tonne, increasing by +6% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was China ($50 per tonne), while the United Arab Emirates ($11 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Canada, while the other global leaders experienced more modest paces of growth.
Source: IndexBox Platform