Asia: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in Asia

In 2022, the Asian halogenated hydrocarbon derivative market decreased by -1.2% to $X, falling for the second consecutive year after three years of growth. The total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.7% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Halogenated Hydrocarbon Derivative Production in Asia

In value terms, halogenated hydrocarbon derivative production reached $X in 2022 estimated in export price. The total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.6% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 28%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Halogenated Hydrocarbon Derivative Exports

Exports in Asia

For the seventh year in a row, Asia recorded growth in shipments abroad of halogenated derivatives of hydrocarbons, which increased by 2.3% to X tons in 2022. Total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.1% against 2014 indices. The pace of growth was the most pronounced in 2017 when exports increased by 19%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, halogenated hydrocarbon derivative exports amounted to $X in 2022. Overall, exports showed a resilient increase. The pace of growth was the most pronounced in 2021 when exports increased by 64%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

In 2022, Japan (X tons) and China (X tons) represented the main exporters of halogenated derivatives of hydrocarbons in Asia, together finishing at approx. 41% of total exports. It was distantly followed by Qatar (X tons), Saudi Arabia (X tons), South Korea (X tons), Taiwan (Chinese) (X tons), Indonesia (X tons) and India (X tons), together achieving a 57% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Qatar (with a CAGR of +20.5%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest halogenated hydrocarbon derivative supplier in Asia, comprising 43% of total exports. The second position in the ranking was taken by Japan ($X), with a 19% share of total exports. It was followed by Indonesia, with a 6.9% share.

In China, halogenated hydrocarbon derivative exports expanded at an average annual rate of +5.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+7.0% per year) and Indonesia (+17.3% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, with an increase of 2.7% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by 47% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+16.9%), while the other leaders experienced more modest paces of growth.

Halogenated Hydrocarbon Derivative Imports

Imports in Asia

In 2022, the amount of halogenated derivatives of hydrocarbons imported in Asia shrank to X tons, declining by -13% on 2021 figures. The total import volume increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when imports increased by 10% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, halogenated hydrocarbon derivative imports contracted to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 53% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

India (X tons) and China (X tons) represented the key importers of halogenated derivatives of hydrocarbons in 2022, reaching near 28% and 23% of total imports, respectively. Thailand (X tons) held the next position in the ranking, followed by Vietnam (X tons), Taiwan (Chinese) (X tons) and Japan (X tons). All these countries together took near 30% share of total imports. South Korea (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Taiwan (Chinese) (with a CAGR of +9.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest halogenated hydrocarbon derivative importing markets in Asia were India ($X), China ($X) and Japan ($X), with a combined 54% share of total imports.

India, with a CAGR of +10.4%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, surging by 10% against the previous year. Import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, halogenated hydrocarbon derivative import price increased by +56.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by 42% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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