Asia-Pacific: Market for Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals 2024

Market Size for Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals in Asia-Pacific

The Asia-Pacific market for chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals stood at $X in 2021, remaining stable against the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals in Asia-Pacific

In value terms, production of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 17% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals

Exports in Asia-Pacific

In 2021, shipments abroad of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals increased by 13% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 41% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals skyrocketed to $X in 2021. Total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +26.4% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 18% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

In 2021, China (X tons) represented the major exporter of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals, achieving 65% of total exports. It was distantly followed by South Korea (X tons), India (X tons) and Japan (X tons), together constituting a 33% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to chlorides and phosphorus oxychloride and halides exports from China stood at -1.1%. At the same time, South Korea (+10.5%) and India (+8.1%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +10.5% from 2012-2021. By contrast, Japan (-4.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of South Korea and India increased by +9.3 and +4.9 percentage points, respectively.

In value terms, South Korea ($X), China ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 94% of total exports.

Among the main exporting countries, China, with a CAGR of +11.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, surging by 4.7% against the previous year. Export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals increased by +19.7% against 2018 indices. The pace of growth appeared the most rapid in 2015 when the export price increased by 41% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Japan ($X per ton), while India ($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 (+13.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals

Imports in Asia-Pacific

After two years of decline, purchases abroad of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals increased by 5.6% to X tons in 2021. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 17% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, imports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals rose markedly to $X in 2021. The total import value increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 11%. Over the period under review, imports of attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) and South Korea (X tons) were the main importers of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals in Asia-Pacific, together amounting to near 57% of total imports. Japan (X tons) took a 13% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (8.5%), China (6.6%), Malaysia (5.4%) and India (5.1%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Singapore (with a CAGR of +17.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) constitutes the largest market for imported chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals in Asia-Pacific, comprising 38% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by South Korea, with a 17% share.

From 2012 to 2021, the average annual growth rate of value in Taiwan (Chinese) amounted to +3.6%. The remaining importing countries recorded the following average annual rates of imports growth: China (+5.6% per year) and South Korea (-2.0% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, surging by 4.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2015 when the import price increased by 23%. Over the period under review, import prices reached the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 China (+8.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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