Asia-Pacific: Chlorides Market 2024

Chlorides Market Size in Asia-Pacific

The Asia-Pacific chlorides market reached $X in 2021, increasing by 3.9% against the previous year. The total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +65.5% against 2016 indices. The level of consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Chlorides Production in Asia-Pacific

In value terms, chlorides production dropped to $X in 2021 estimated in export price. The total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +55.0% against 2016 indices. The pace of growth appeared the most rapid in 2019 with an increase of 34% against the previous year. The level of production peaked at $X in 2020, and then fell slightly in the following year.

Chlorides Exports

Exports in Asia-Pacific

In 2021, overseas shipments of chlorides (excluding ammonium chloride) decreased by -1.5% to X tons, falling for the second year in a row after three years of growth. The total export volume increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 44%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, chlorides exports soared to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +79.8% against 2016 indices. The growth pace was the most rapid in 2013 when exports increased by 23%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

In 2021, China (X tons) represented the major exporter of chlorides (excluding ammonium chloride), generating 78% of total exports. It was distantly followed by India (X tons), comprising a 15% share of total exports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to chlorides exports from China stood at +3.7%. At the same time, India (+14.1%) and Taiwan (Chinese) (+8.6%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +14.1% from 2012-2021. While the share of India (+8.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (-6.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest chlorides supplier in Asia-Pacific, comprising 61% of total exports. The second position in the ranking was taken by India ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +6.9%. The remaining exporting countries recorded the following average annual rates of exports growth: India (+8.7% per year) and Taiwan (Chinese) (+9.3% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, increasing by 20% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while China ($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 (+3.1%), while the other leaders experienced mixed trends in the export price figures.

Chlorides Imports

Imports in Asia-Pacific

In 2021, overseas purchases of chlorides (excluding ammonium chloride) were finally on the rise to reach X tons after two years of decline. Total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by 18%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, chlorides imports surged to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value 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. The most prominent rate of growth was recorded in 2018 with an increase of 26% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in years to come.

Imports by Country

In 2021, Japan (X tons), followed by India (X tons), Thailand (X tons), Malaysia (X tons), Indonesia (X tons), Vietnam (X tons), Singapore (X tons), Hong Kong SAR (X tons), Australia (X tons) and New Zealand (X tons) were the key importers of chlorides (excluding ammonium chloride), together committing 85% of total imports. The Philippines (X tons) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +20.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported chlorides (excluding ammonium chloride) in Asia-Pacific, comprising 20% of total imports. The second position in the ranking was held by India ($X), with an 8.8% share of total imports. It was followed by Indonesia, with a 5.4% share.

In Japan, chlorides imports increased at an average annual rate of +7.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (+9.0% per year) and Indonesia (+4.8% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, picking up by 21% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level 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 Japan ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+11.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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