Salts of inorganic acids or peroxoacids market
Salts of inorganic acids or peroxoacids market: discover the latest statistics provided by an Ai-driven market intelligence tool. Datasets provide market size, imports, exports, market prices, companies, trade, consumption, and production. Here is a split by region, including Latin America, EU, Russia, China, the U.K., the U.S., Africa, and the Middle East. Market dynamics and outlook to 2030 are also featured in the snapshots.
Salts of Inorganic Acids or Peroxoacids - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | China |
| 2 | Russia |
| 3 | India |
| 4 | Brazil |
| 5 | Japan |
In value terms, China led the market, alone. The second position in the ranking was occupied by Russia. It was followed by India.
From 2018 to 2020, the average annual growth rate of value in China amounted to +135.8%. The remaining consuming countries recorded the following average annual rates of market growth: Russia (-14.3% per year) and India (+4.3% per year).
Salts Of Inorganic Acids Or Peroxoacids Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Spain | 1389 | 1511 | 1703 | 10.7% |
| Turkey | 1803 | 1841 | 1903 | 2.7% |
| South Korea | 2624 | 2721 | 2982 | 6.6% |
| Japan | 3250 | 3141 | 3440 | 2.9% |
| United States | 4991 | 4849 | 3575 | -15.4% |
| Germany | 1238 | 1872 | 4159 | 83.3% |
| China | 6768 | 5458 | 5553 | -9.4% |
| Average | 3278 | 4244 | 4725 | 20.1% |
There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was China ($5,553 per ton), while Spain ($1,703 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Germany (+83.3% per year), while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| China | 3360 | 4846 | 2727 | -9.9% |
| Vietnam | 1346 | 1823 | 1700 | 12.4% |
| United States | 2312 | 1964 | 1638 | -15.8% |
| France | 1157 | 1422 | 1314 | 6.6% |
| India | 1142 | 938 | 768 | -18.0% |
| Switzerland | 576 | 656 | 732 | 12.7% |
| Average | 2405 | 2546 | 2641 | 4.8% |
Prices varied noticeably by the country of destination; the country with the highest price was China ($2,727 per ton), while Switzerland ($732 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Switzerland, while the other global leaders experienced more modest paces of growth.
Salts of Inorganic Acids or Peroxoacids - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| China | 41 | 63 | 1136 | 425.7% |
| Vietnam | 11 | 35 | 40 | 89.7% |
| United States | 36 | 26 | 23 | -19.6% |
| France | 7.3 | 8.8 | 11 | 22.3% |
| Switzerland | 9.9 | 11 | 10 | 1.1% |
In value terms, China ($1.1B) constitutes the largest market for imported salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) worldwide, comprising 78% of global imports. The second position in the ranking was occupied by Vietnam ($40M), with a 2.7% share of global imports. It was followed by the United States, with a 1.6% share.
In China, imports of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) increased at an average annual rate of +425.7% over the period from 2018-2020. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (+89.7% per year) and the United States (-19.6% per year).
Salts of Inorganic Acids or Peroxoacids - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| China | 106 | 525 | 533 | 124.6% |
| Germany | 45 | 44 | 74 | 27.6% |
| South Korea | 33 | 42 | 42 | 13.9% |
| Japan | 42 | 43 | 41 | -0.9% |
| United States | 33 | 36 | 28 | -7.9% |
In value terms, China ($533M) remains the largest salts of inorganic acids or peroxoacids supplier worldwide, comprising 66% of global exports. The second position in the ranking was occupied by Germany ($74M), with a 9.1% share of global exports. It was followed by South Korea, with a 5.2% share.
In China, exports of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) expanded at an average annual rate of +124.6% over the period from 2018-2020. In the other countries, the average annual rates were as follows: Germany (+27.6% per year) and South Korea (+13.9% per year).
Salts of Inorganic Acids or Peroxoacids - Market Forecast
The market for salts of inorganic acids or peroxoacids is expected to start a downward consumption trend over the next decade. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -3.6% for the ten-year period from 2020 to 2030, which is projected to depress the market volume to by the end of 2030.
Salts of Inorganic Acids or Peroxoacids - Product Coverage
- HS 284290 - Salts; of inorganic acids or peroxoacids, other than double or complex silicates, including aluminosilicates, whether or not chemically, excluding azides
