Asia: Market for Inorganic Oxygen Compounds Of Non-Metals 2024

Market Size for Inorganic Oxygen Compounds Of Non-Metals in Asia

In 2021, after four years of growth, there was significant decline in the Asian market for inorganic oxygen compounds of non-metals, when its value decreased by -5.8% to $X. The total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.6% 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 +75.1% against 2016 indices. The level of consumption peaked at $X in 2020, and then shrank in the following year.

Production of Inorganic Oxygen Compounds Of Non-Metals in Asia

In value terms, inorganic oxygen compounds of non-metals production fell to $X in 2021 estimated in export price. Over the period under review, production, however, posted a prominent increase. The growth pace was the most rapid in 2013 when the production volume increased by 46%. Over the period under review, production hit record highs at $X in 2020, and then contracted in the following year.

Exports of Inorganic Oxygen Compounds Of Non-Metals

Exports in Asia

In 2021, the amount of inorganic oxygen compounds of non-metals exported in Asia surged to X tons, rising by 29% compared with the previous year's figure. Overall, exports posted a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, inorganic oxygen compounds of non-metals exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 82% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China represented the main exporter of inorganic oxygen compounds of non-metals in Asia, with the volume of exports amounting to X tons, which was near 62% of total exports in 2021. Malaysia (X tons) took the second position in the ranking, followed by Iran (X tons) and South Korea (X tons). All these countries together took approx. 22% share of total exports. Taiwan (Chinese) (X tons), Turkey (X tons) and India (X tons) took a minor share of total exports.

Exports from China increased at an average annual rate of +11.0% from 2012 to 2021. At the same time, Turkey (+38.8%), Iran (+29.5%), Taiwan (Chinese) (+24.0%), Malaysia (+16.4%), South Korea (+10.5%) and India (+9.7%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +38.8% from 2012-2021. Iran (+4.1 p.p.), Malaysia (+3.4 p.p.), Turkey (+2.9 p.p.) and Taiwan (Chinese) (+2.6 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -6.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest inorganic oxygen compounds of non-metals supplier in Asia, comprising 33% of total exports. The second position in the ranking was held by Malaysia ($X), with a 13% share of total exports. It was followed by Taiwan (Chinese), with an 11% share.

In China, inorganic oxygen compounds of non-metals exports expanded at an average annual rate of +15.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Malaysia (+20.5% per year) and Taiwan (Chinese) (+24.0% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, with an increase of 5.1% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 43%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+8.1%), while the other leaders experienced more modest paces of growth.

Imports of Inorganic Oxygen Compounds Of Non-Metals

Imports in Asia

Inorganic oxygen compounds of non-metals imports skyrocketed to X tons in 2021, increasing by 29% compared with 2020 figures. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 93% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, inorganic oxygen compounds of non-metals imports surged to $X in 2021. Total imports indicated prominent 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, imports increased by +40.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia represented the key importing country with an import of around X tons, which reached 29% of total imports. It was distantly followed by India (X tons), China (X tons) and Taiwan (Chinese) (X tons), together committing a 36% share of total imports. Turkey (X tons), Indonesia (X tons), Hong Kong SAR (X tons), Singapore (X tons), Vietnam (X tons), South Korea (X tons), Japan (X tons), Israel (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

Imports into Malaysia decreased at an average annual rate of -10.3% from 2012 to 2021. At the same time, the United Arab Emirates (+27.5%), China (+23.8%), India (+15.3%), Singapore (+14.6%), Hong Kong SAR (+12.0%), Vietnam (+11.1%), Japan (+9.7%), Turkey (+9.0%), Indonesia (+8.6%), Taiwan (Chinese) (+7.5%) and Israel (+2.8%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in Asia, with a CAGR of +27.5% from 2012-2021. South Korea experienced a relatively flat trend pattern. China (+11 p.p.), India (+10 p.p.), Taiwan (Chinese) (+5 p.p.), Hong Kong SAR (+2.6 p.p.), Turkey (+2.5 p.p.), Indonesia (+2.4 p.p.), Singapore (+2.4 p.p.), Vietnam (+2.1 p.p.) and the United Arab Emirates (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while Malaysia saw its share reduced by -42.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported inorganic oxygen compounds of non-metals in Asia, comprising 35% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 15% share of total imports. It was followed by Singapore, with a 7.3% share.

In China, inorganic oxygen compounds of non-metals imports expanded at an average annual rate of +22.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+5.1% per year) and Singapore (+10.5% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, picking up by 6.3% against the previous year. Import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, inorganic oxygen compounds of non-metals import price increased by +76.3% against 2016 indices. The growth pace was the most rapid in 2013 when the import price increased by 83% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Malaysia ($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 United Arab Emirates (+6.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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