Asia: Market for Liquid Or Compressed Air And Distilled Or Conductivity Water 2024

Market Size for Liquid Or Compressed Air And Distilled Or Conductivity Water in Asia

In 2021, the Asian market for liquid or compressed air and distilled or conductivity water was finally on the rise to reach $X after two years of decline. Overall, consumption, however, recorded a slight slump. The growth pace was the most rapid in 2018 with an increase of 6.7%. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Liquid Or Compressed Air And Distilled Or Conductivity Water in Asia

In value terms, liquid air and distilled water production amounted to $X in 2021 estimated in export price. In general, production, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2017 with an increase of 15% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Exports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Exports in Asia

In 2021, the amount of liquid or compressed air and distilled or conductivity water exported in Asia rose notably to X tons, growing by 15% against the year before. Overall, exports, however, saw a deep slump. The growth pace was the most rapid in 2019 when exports increased by 19%. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, liquid air and distilled water exports skyrocketed to $X in 2021. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 121% against the previous year. The level of export peaked in 2021 and is likely to continue growth in years to come.

Exports by Country

China represented the main exporter of liquid or compressed air and distilled or conductivity water in Asia, with the volume of exports finishing at X tons, which was approx. 67% of total exports in 2021. Israel (X tons) held a 16% share (based on physical terms) of total exports, which put it in second place, followed by Hong Kong SAR (8.9%) and South Korea (4.6%). Japan (X tons) held a relatively small share of total exports.

Exports from China increased at an average annual rate of +13.8% from 2012 to 2021. At the same time, South Korea (+56.6%) and Japan (+16.4%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia, with a CAGR of +56.6% from 2012-2021. By contrast, Hong Kong SAR (-1.2%) and Israel (-22.3%) illustrated a downward trend over the same period. China (+56 p.p.), South Korea (+4.6 p.p.), Hong Kong SAR (+3.6 p.p.) and Japan (+2 p.p.) significantly strengthened its position in terms of the total exports, while Israel saw its share reduced by -66.4% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest liquid air and distilled water supplier in Asia, comprising 81% of total exports. The second position in the ranking was held by South Korea ($X), with a 7% share of total exports. It was followed by Israel, with a 6.3% share.

In China, liquid air and distilled water exports increased at an average annual rate of +49.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (+56.0% per year) and Israel (-7.4% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, increasing by 22% against the previous year. Over the period under review, the export price showed significant growth. The most prominent rate of growth was recorded in 2017 when the export price increased by 137%. The level of export peaked in 2021 and is expected to retain growth in the near future.

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 Japan ($X per ton), while Hong Kong SAR ($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 (+31.0%), while the other leaders experienced more modest paces of growth.

Imports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Imports in Asia

In 2021, overseas purchases of liquid or compressed air and distilled or conductivity water increased by 12% to X tons, rising for the second year in a row after six years of decline. Over the period under review, imports, however, faced a sharp decrease. The pace of growth was the most pronounced in 2013 when imports increased by 102% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, liquid air and distilled water imports skyrocketed to $X in 2021. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 163%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

South Korea (X tons) and Japan (X tons) represented the largest importers of liquid or compressed air and distilled or conductivity water in 2021, reaching approx. 40% and 34% of total imports, respectively. Macao SAR (X tons) ranks next in terms of the total imports with a 10% share, followed by Singapore (4.9%). The following importers - China (X tons) and Palestine (X tons) - together made up 6.4% of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +34.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constitutes the largest market for imported liquid or compressed air and distilled or conductivity water in Asia, comprising 70% of total imports. The second position in the ranking was held by Japan ($X), with a 15% share of total imports. It was followed by China, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in South Korea amounted to +56.3%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+28.9% per year) and China (+37.8% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, picking up by 5.4% against the previous year. Over the period under review, the import price showed a significant expansion. The pace of growth was the most pronounced in 2016 an increase of 4,959%. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Palestine (+40.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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