Gypsum And Anhydrite Market

The global gypsum and anhydrite market is expected to see continued growth in consumption with a forecasted CAGR of +2.8% by 2030, reaching a market volume of 212M tons and a market value of $34.2B. In 2022, there was a decline in consumption and production, but overall consumption and production have seen modest increases over the period under review. The United States, China, and Iran were the top consuming and producing countries in 2022, while Spain, Oman, and Thailand led in exports. Import and export prices remained relatively stable, with Germany having the highest export price at $55 per ton. Overall, the global gypsum and anhydrite market is expected to see gradual growth in the years to come.

Market Forecast

Driven by increasing demand for gypsum and anhydrite worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +2.8% for the period from 2022 to 2030, which is projected to bring the market volume to 212M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.2% for the period from 2022 to 2030, which is projected to bring the market value to $34.2B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Gypsum And Anhydrite

In 2022, after four years of growth, there was decline in consumption of gypsum and anhydrite, when its volume decreased by -2.2% to 170M tons. Over the period under review, consumption, however, saw a modest increase. Global consumption peaked at 174M tons in 2021, and then contracted in the following year.

The global gypsum and anhydrite market value dropped modestly to $24.7B in 2022, approximately equating 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). The market value increased at an average annual rate of +4.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market reached the maximum level at $25B in 2021, and then shrank slightly in the following year.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the United States (29M tons), China (16M tons) and Iran (14M tons), together accounting for 35% of global consumption. Iraq, Turkey, India, Japan, Oman, Russia, Australia, Brazil, Mexico and Saudi Arabia lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +27.1%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($8.5B) led the market, alone. The second position in the ranking was held by China ($2.1B). It was followed by Iran.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +12.0%. In the other countries, the average annual rates were as follows: China (+3.4% per year) and Iran (-0.6% per year).

In 2022, the highest levels of gypsum and anhydrite per capita consumption was registered in Oman (733 kg per person), followed by Iraq (270 kg per person), Iran (167 kg per person) and Australia (140 kg per person), while the world average per capita consumption of gypsum and anhydrite was estimated at 22 kg per person.

In Oman, gypsum and anhydrite per capita consumption expanded at an average annual rate of +17.0% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Iraq (-0.9% per year) and Iran (-0.4% per year).

Production

World Production of Gypsum And Anhydrite

In 2022, after four years of growth, there was decline in production of gypsum and anhydrite, when its volume decreased by -0.4% to 172M tons. The total output volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 12% against the previous year. Over the period under review, global production attained the peak volume at 173M tons in 2021, and then reduced slightly in the following year.

In value terms, gypsum and anhydrite production contracted slightly to $13.9B in 2022 estimated in export price. Overall, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.9% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 38%. Over the period under review, global production hit record highs at $14.4B in 2021, and then declined modestly in the following year.

Production By Country

The countries with the highest volumes of production in 2022 were the United States (22M tons), Iran (16M tons) and China (16M tons), with a combined 31% share of global production. Iraq, Oman, Turkey, Spain, Thailand, Mexico, Japan, Australia, Russia and Saudi Arabia lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Saudi Arabia (with a CAGR of +26.4%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Gypsum And Anhydrite

In 2022, purchases abroad of gypsum and anhydrite decreased by -6.4% to 35M tons, falling for the third consecutive year after eight years of growth. Overall, total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -11.0% against 2019 indices. The growth pace was the most rapid in 2014 when imports increased by 13%. Global imports peaked at 39M tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, gypsum and anhydrite imports amounted to $1.2B in 2022. In general, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.7% against 2014 indices. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. Over the period under review, global imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports By Country

The United States (6.9M tons) and India (5.8M tons) represented roughly 36% of total imports in 2022. It was distantly followed by Japan (2.2M tons), mixing up a 6.2% share of total imports. Indonesia (1,478K tons), the UK (1,372K tons), Bangladesh (1,294K tons), Vietnam (1,284K tons), the Philippines (1,018K tons), Belgium (854K tons), Canada (768K tons), the Netherlands (664K tons), China (553K tons) and Sweden (528K tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of +35.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest gypsum and anhydrite importing markets worldwide were the United States ($129M), India ($125M) and Japan ($124M), with a combined 30% share of global imports. The UK, Belgium, Indonesia, Vietnam, Canada, China, the Netherlands, Bangladesh, the Philippines and Sweden lagged somewhat behind, together comprising a further 27%.

China, with a CAGR of +22.7%, recorded 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 global leaders experienced more modest paces of growth.

Import Prices By Country

The average gypsum and anhydrite import price stood at $36 per ton in 2022, increasing by 8% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 19%. Global import price peaked at $36 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($63 per ton), while the Philippines ($13 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+12.2%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Gypsum And Anhydrite

Global gypsum and anhydrite exports rose slightly to 37M tons in 2022, growing by 2.1% against the previous year. In general, total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.1% against 2012 indices. The pace of growth appeared the most rapid in 2014 with an increase of 11%. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, gypsum and anhydrite exports expanded modestly to $829M in 2022. Over the period under review, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.5% against 2012 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 15% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports By Country

Spain (9.6M tons), Oman (7.5M tons) and Thailand (6.3M tons) represented roughly 63% of total exports in 2022. Canada (2.1M tons) ranks next in terms of the total exports with a 5.6% share, followed by Mexico (5%) and Iran (4.8%). The following exporters - Morocco (1,012K tons), Germany (861K tons), Australia (831K tons) and Cyprus (589K tons) - together made up 8.9% of total exports.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of +23.6%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest gypsum and anhydrite supplying countries worldwide were Oman ($186M), Thailand ($128M) and Spain ($124M), with a combined 53% share of global exports. Germany, Iran, Canada, Morocco, Mexico, Australia and Cyprus lagged somewhat behind, together comprising a further 23%.

In terms of the main exporting countries, Morocco, with a CAGR of +18.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average gypsum and anhydrite export price amounted to $22 per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 6.6%. The global export price peaked at $24 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($55 per ton), while Mexico ($9.3 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.9%), while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform