Asia: Hydrazine And Hydroxylamine Market 2024

Hydrazine And Hydroxylamine Market Size in Asia

In 2022, the Asian hydrazine and hydroxylamine market increased by 21% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Hydrazine And Hydroxylamine Production in Asia

In value terms, hydrazine and hydroxylamine production fell slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 14% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Hydrazine And Hydroxylamine Exports

Exports in Asia

Hydrazine and hydroxylamine exports skyrocketed to X tons in 2022, with an increase of 18% on the previous year's figure. In general, exports posted a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of 29%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, hydrazine and hydroxylamine exports soared to $X in 2022. Over the period under review, exports recorded a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, China (X tons) represented the major exporter of hydrazine and hydroxylamine and their inorganic salts, comprising 56% of total exports. Japan (X tons) took the second position in the ranking, followed by South Korea (X tons). All these countries together held near 39% share of total exports. Turkey (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the hydrazine and hydroxylamine and their inorganic salts exports, with a CAGR of +22.6% from 2012 to 2022. At the same time, Turkey (+9.1%) displayed positive paces of growth. Japan and South Korea experienced a relatively flat trend pattern. While the share of China (+41 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (-19.6 p.p.) and South Korea (-19.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest hydrazine and hydroxylamine supplier in Asia, comprising 51% of total exports. The second position in the ranking was held by South Korea ($X), with a 22% share of total exports. It was followed by Japan, with a 21% share.

From 2012 to 2022, the average annual growth rate of value in China stood at +23.5%. In the other countries, the average annual rates were as follows: South Korea (+2.5% per year) and Japan (+3.6% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, jumping by 37% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. As a result, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.0%), while the other leaders experienced more modest paces of growth.

Hydrazine And Hydroxylamine Imports

Imports in Asia

In 2022, approx. X tons of hydrazine and hydroxylamine and their inorganic salts were imported in Asia; with an increase of 6.5% compared with the year before. The total import volume increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 17%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, hydrazine and hydroxylamine imports surged to $X in 2022. Overall, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India dominates imports structure, resulting at X tons, which was approx. 59% of total imports in 2022. China (X tons) ranks second in terms of the total imports with a 6% share, followed by Indonesia (5.8%), Japan (5.7%), Turkey (5%) and South Korea (4.9%). Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to hydrazine and hydroxylamine imports into India stood at +6.2%. At the same time, Turkey (+7.8%), Indonesia (+6.8%) and Taiwan (Chinese) (+1.2%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in Asia, with a CAGR of +7.8% from 2012-2022. Japan and South Korea experienced a relatively flat trend pattern. By contrast, China (-5.7%) illustrated a downward trend over the same period. While the share of India (+12 p.p.) and Turkey (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (-2.1 p.p.), South Korea (-2.5 p.p.) and China (-9.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported hydrazine and hydroxylamine and their inorganic salts in Asia, comprising 59% of total imports. The second position in the ranking was held by China ($X), with an 8% share of total imports. It was followed by South Korea, with a 7.6% share.

In India, hydrazine and hydroxylamine imports increased at an average annual rate of +9.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (+1.9% per year) and South Korea (+4.2% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, with an increase of 35% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. As a result, import price attained 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 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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