Asia: Market for Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals 2024

Market Size for Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals in Asia

In 2021, after three years of decline, there was significant growth in the Asian chloride oxides of metal market, when its value increased by 8.1% to $X. The total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -21.1% against 2017 indices. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Production of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals in Asia

In value terms, chloride oxides of metal production expanded notably to $X in 2021 estimated in export price. The total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -27.8% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 29% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Exports of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals

Exports in Asia

In 2021, overseas shipments of chloride oxides and chloride hydroxides of copper and other metals were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when exports increased by 32% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, chloride oxides of metal exports skyrocketed to $X in 2021. Overall, exports showed a perceptible expansion. The most prominent rate of growth was recorded in 2018 with an increase of 49% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China represented the major exporting country with an export of about X tons, which resulted at 57% of total exports. It was distantly followed by India (X tons), constituting a 35% share of total exports. The following exporters - Vietnam (X tons), Myanmar (X tons) and Malaysia (X tons) - each recorded a 5% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Myanmar (with a CAGR of +97.7%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest chloride oxides of metal supplier in Asia, comprising 66% of total exports. The second position in the ranking was held by India ($X), with a 22% share of total exports. It was followed by Vietnam, with a 3.5% share.

In China, chloride oxides of metal exports expanded at an average annual rate of +2.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (+11.3% per year) and Vietnam (+49.5% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, increasing by 14% against the previous year. Over the period under review, the export price, however, continues to indicate a slight decline. The pace of growth appeared the most rapid in 2017 when the export price increased by 35%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+4.7%), while the other leaders experienced a decline in the export price figures.

Imports of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals

Imports in Asia

In 2021, after two years of decline, there was significant growth in overseas purchases of chloride oxides and chloride hydroxides of copper and other metals, when their volume increased by 26% to X tons. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, chloride oxides of metal imports soared to $X in 2021. In general, imports posted a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of 64%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

Imports by Country

Japan was the largest importing country with an import of around X tons, which reached 45% of total imports. The Philippines (X tons) held an 8.1% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (7.1%), Singapore (6.8%), Indonesia (5.1%), India (5%) and Kazakhstan (4.5%).

From 2012 to 2021, average annual rates of growth with regard to chloride oxides of metal imports into Japan stood at +9.0%. At the same time, Singapore (+32.5%), India (+13.6%), Thailand (+10.1%), the Philippines (+9.7%), Kazakhstan (+7.6%) and Indonesia (+2.8%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in Asia, with a CAGR of +32.5% from 2012-2021. From 2012 to 2021, the share of Singapore, Japan and India increased by +5.7, +2.9 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported chloride oxides and chloride hydroxides of copper and other metals in Asia, comprising 51% of total imports. The second position in the ranking was taken by Singapore ($X), with a 12% share of total imports. It was followed by India, with a 5.1% share.

From 2012 to 2021, the average annual growth rate of value in Japan stood at +8.4%. In the other countries, the average annual rates were as follows: Singapore (+27.1% per year) and India (+11.5% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, surging by 15% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 32% against the previous year. Over the period under review, import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (-0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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