Feldspar market in Western Asia

Earlier Report Observations

The feldspar market in Western Asia expanded dramatically from 2018 to 2022, with its volume surging from 814 thousand tons to 9 482 thousand tons. This growth began with a major leap in 2019, when consumption reached 4 010 thousand tons, and continued with steady annual increases. The market's value followed a similar trajectory, rising from 44.1 million USD to 428.6 million USD over the same period.

The significant rise in 2022 was directly supported by strong economic development and construction activity in Gulf states like Saudi Arabia, the UAE, and Oman. This drove higher consumption of feldspar for glass, ceramic products, and industrial coatings. Furthermore, industrial activities resumed after the pandemic, and global supply chain dynamics, alongside the influence of major regional companies, contributed to the market's expansion during this phase.

Subsequent years were characterized by sustained infrastructure development in the region and a growing focus on sustainability, which influenced demand for high-purity feldspar. Investment in new extraction projects and the emergence of engineered feldspar alternatives also became notable factors shaping the industrial landscape.

Production feldspar in Western Asia

In kind, 2017-2020, K t

Top producers of feldspar, 2017-2020

World map of production of feldspar, 2017-2020

Feldspar production in Western Asia has increased for the third consecutive year. In 2020, the region produced 10 574 K t of feldspar, marking a modest 7.0% rise compared to 2019. From 2017 to 2020, production grew by 59.3%, which translates to an annualized growth rate of 16.8%.

Annual dynamics of production in Western Asia in kind, 2017-2020, K t

In value, 2017-2020, M $ US

Western Asia's feldspar production value has also risen for the third year in a row. In 2020, the output was valued at 384.2 M $ US, showing a significant 13.2% increase from the previous year. Between 2017 and 2020, production value surged by 104.4%, averaging an annual growth rate of 26.9%.

Annual dynamics of production in Western Asia in value, 2017-2020, M $ US

Exports feldspar from Western Asia

Exports in kind, K t

Western Asia's feldspar export volume has declined for the second consecutive year. In 2020, exports totaled 5 598 K t, representing an 11.5% drop from 2019. Over the period from 2017 to 2020, exports decreased by 12.1%, with a compound annual growth rate (CAGR) of -4.2%. The highest export volume was recorded in 2018 at 6 616 K t, which also saw the largest increase of 3.8% that year.

Annual dynamics of product's exports from Western Asia in kind, 2017-2020, K t

From 2017 to 2020, Italy, Spain, and Russia were the primary markets for Western Asia's feldspar exports in kind. Italy accounted for 38.9% of exports, Spain for 36.9%, and Russia for 4.2%, together making up 80.1% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Western Asia in kind, 2017-2020

Exports in value, M $ US

After two years of growth, Western Asia's feldspar exports in value terms declined. In 2020, exports amounted to 203.4 M $ US, down 6.4% from the prior year. From 2017 to 2020, exports increased by 12.7%, with a CAGR of 4.1%. The peak value was reached in 2019 at 217.3 M $ US, while the largest increase occurred in 2018 at 14.3%.

Annual dynamics of product's exports from Western Asia in value, 2017-2020, M $ US

Between 2017 and 2020, Italy, Spain, and Russia were the main destinations for Western Asia's feldspar exports in value terms. Italy represented 33.6% of exports, Spain 32.3%, and Russia 4.5%, collectively absorbing 70.4% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Western Asia in value, 2017-2020

Imports feldspar to Western Asia

Imports in kind, K t

Western Asia's feldspar import volume has fallen for the third consecutive year. In 2020, imports stood at 226 K t, a sharp 50.5% decrease compared to 2019. From 2017 to 2020, imports dropped by 66.4%, with a CAGR of -30.5%.

Annual dynamics of product's imports to Western Asia in kind, 2017-2020, K t

Throughout 2017–2020, Thailand, Iran, and India formed the core sources for Western Asia's feldspar imports in kind. Thailand contributed 30.5% of imports, Iran 23.0%, and India 14.4%, together accounting for 67.9% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Western Asia in kind, 2017-2020

Imports in value, M $ US

Feldspar imports into Western Asia have declined for the third year in a row. In 2020, imports were valued at 19.8 M $ US, reflecting a 29.6% decrease year-over-year. Over the period from 2017 to 2020, imports fell by 59.6%, with a CAGR of -26.1%.

Annual dynamics of product's imports to Western Asia in value, 2017-2020, M $ US

From 2017 to 2020, Thailand, India, and Iran were the largest suppliers of feldspar to Western Asia in value terms. Thailand made up 18.5% of imports, India 16.7%, and Iran 14.3%, together forming 49.5% of total import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Western Asia in value, 2017-2020