Asia: Chlorides Market 2024

Chlorides Market Size in Asia

In 2021, the Asian chlorides market increased by 2.3% to $X, rising for the fifth year in a row after two years of decline. The total consumption indicated a perceptible expansion 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 increased by +61.9% against 2016 indices. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the near future.

Chlorides Production in Asia

In value terms, chlorides production fell slightly to $X in 2021 estimated in export price. The total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.7% 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 increased by +52.3% against 2016 indices. The most prominent rate of growth was recorded in 2019 with an increase of 33%. The level of production peaked at $X in 2020, and then contracted slightly in the following year.

Chlorides Exports

Exports in Asia

In 2021, overseas shipments of chlorides (excluding ammonium chloride) decreased by -1.3% to X tons, falling for the second consecutive year after three years of growth. The total export volume increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 35%. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, chlorides exports skyrocketed to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +76.6% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 27% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

Exports by Country

In 2021, China (X tons) was the major exporter of chlorides (excluding ammonium chloride), committing 75% of total exports. It was distantly followed by India (X tons), achieving a 15% share of total exports. Taiwan (Chinese) (X tons) held a little share of total exports.

Exports from China increased at an average annual rate of +3.7% from 2012 to 2021. At the same time, India (+14.1%) and Taiwan (Chinese) (+8.6%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +14.1% from 2012-2021. From 2012 to 2021, the share of India and China increased by +8.7 and +2.3 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest chlorides supplier in Asia, comprising 57% of total exports. The second position in the ranking was held by India ($X), with a 17% share of total exports.

In China, chlorides exports increased at an average annual rate of +6.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: India (+8.7% per year) and Taiwan (Chinese) (+9.3% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, jumping by 19% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2018 when the export price increased by 21%. Over the period under review, the export prices hit record highs in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while China ($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 (+3.1%), while the other leaders experienced mixed trends in the export price figures.

Chlorides Imports

Imports in Asia

In 2021, after five years of growth, there was significant decline in supplies from abroad of chlorides (excluding ammonium chloride), when their volume decreased by -23.5% to X tons. Total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 20%. Over the period under review, imports attained the peak figure at X tons in 2020, and then contracted notably in the following year.

In value terms, chlorides imports rose remarkably to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +51.2% against 2016 indices. The growth pace was the most rapid in 2018 with an increase of 20%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Japan (X tons), Saudi Arabia (X tons), India (X tons), Thailand (X tons), Malaysia (X tons), Indonesia (X tons), the United Arab Emirates (X tons), Vietnam (X tons), Oman (X tons), Singapore (X tons), Hong Kong SAR (X tons) and Kuwait (X tons) was the largest importer of chlorides (excluding ammonium chloride) in Asia, creating 81% of total import.

From 2012 to 2021, the biggest increases were recorded for Kuwait (with a CAGR of +20.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported chlorides (excluding ammonium chloride) in Asia, comprising 17% of total imports. The second position in the ranking was taken by India ($X), with a 7.6% share of total imports. It was followed by Saudi Arabia, with a 7.5% share.

In Japan, chlorides imports increased at an average annual rate of +7.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (+9.0% per year) and Saudi Arabia (+1.0% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, increasing by 49% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. As a result, import price reached the peak level and is likely to continue 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 Japan ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+11.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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