Asia: Market for Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals 2024

Market Size for Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals in Asia

In 2021, after three years of growth, there was decline in the Asian market for chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals, when its value decreased by -0.6% to $X. The market value increased at an average annual rate of +3.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then dropped modestly in the following year.

Production of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals in Asia

In value terms, production of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals shrank slightly to $X in 2021 estimated in export price. The total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +46.1% against 2014 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 16% against the previous year. The level of production peaked at $X in 2020, and then reduced modestly in the following year.

Exports of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals

Exports in Asia

After two years of decline, overseas shipments of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals increased by 13% to X tons in 2021. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 40% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, exports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals skyrocketed to $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +26.0% against 2019 indices. The pace of growth was the most pronounced in 2015 when exports increased by 23% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

In 2021, China (X tons) was the main exporter of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals, generating 65% of total exports. South Korea (X tons) ranks second in terms of the total exports with a 16% share, followed by India (10%) and Japan (6.7%).

Exports from China decreased at an average annual rate of -1.1% from 2012 to 2021. At the same time, South Korea (+10.5%) and India (+8.1%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia, with a CAGR of +10.5% from 2012-2021. By contrast, Japan (-4.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of South Korea and India increased by +9.2 and +4.8 percentage points, respectively.

In value terms, South Korea ($X), China ($X) and Japan ($X) were the countries with the highest levels of exports in 2021, with a combined 93% share of total exports.

China, with a CAGR of +11.9%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, growing by 5% against the previous year. Export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals increased by +20.2% against 2018 indices. The pace of growth was the most pronounced in 2016 an increase of 44%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Japan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+13.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals

Imports in Asia

After two years of decline, purchases abroad of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals increased by 6.7% to X tons in 2021. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 16% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals stood at $X in 2021. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 12%. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

Taiwan (Chinese) (X tons) and South Korea (X tons) represented roughly 55% of total imports in 2021. Japan (X tons) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (8.2%), China (6.4%), Malaysia (5.1%) and India (4.8%). Indonesia (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +17.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) constitutes the largest market for imported chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals in Asia, comprising 36% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by South Korea, with a 16% share.

From 2012 to 2021, the average annual growth rate of value in Taiwan (Chinese) stood at +3.6%. The remaining importing countries recorded the following average annual rates of imports growth: China (+5.6% per year) and South Korea (-2.0% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, with an increase of 3.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2015 when the import price increased by 23% against the previous year. Over the period under review, import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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