Asia-Pacific: Dichloromethane Market 2024

Dichloromethane Market Size in Asia-Pacific

The Asia-Pacific dichloromethane market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption continues to indicate a deep downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Dichloromethane Production in Asia-Pacific

In value terms, dichloromethane production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a deep downturn. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Dichloromethane Exports

Exports in Asia-Pacific

In 2021, the amount of dichloromethane (methylene chloride) exported in Asia-Pacific rose significantly to X tons, growing by 9.8% on the previous year's figure. In general, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2015 when exports increased by 99% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, dichloromethane exports soared to $X in 2021. Over the period under review, exports saw a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of 69% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the near future.

Exports by Country

China represented the key exporting country with an export of about X tons, which recorded 73% of total exports. South Korea (X tons) took a 10% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (7.8%) and Japan (7.4%).

China was also the fastest-growing in terms of the dichloromethane (methylene chloride) exports, with a CAGR of +20.3% from 2012 to 2021. At the same time, Taiwan (Chinese) (+7.6%), Japan (+5.0%) and South Korea (+4.5%) displayed positive paces of growth. China (+34 p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese), Japan and South Korea saw its share reduced by -3.7%, -6.2% and -9.1% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest dichloromethane supplier in Asia-Pacific, comprising 72% of total exports. The second position in the ranking was held by South Korea ($X), with an 11% share of total exports. It was followed by Taiwan (Chinese), with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +22.0%. In the other countries, the average annual rates were as follows: South Korea (+3.9% per year) and Taiwan (Chinese) (+4.4% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, surging by 51% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in South Korea ($X per ton) and Taiwan (Chinese) ($X per ton), while Japan ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.4%), while the other leaders experienced a decline in the export price figures.

Dichloromethane Imports

Imports in Asia-Pacific

After three years of growth, purchases abroad of dichloromethane (methylene chloride) decreased by -3.7% to X tons in 2021. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 25%. The volume of import peaked at X tons in 2020, and then dropped in the following year.

In value terms, dichloromethane imports soared to $X in 2021. The total import value increased at an average annual rate of +3.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India represented the main importer of dichloromethane (methylene chloride) in Asia-Pacific, with the volume of imports finishing at X tons, which was near 48% of total imports in 2021. South Korea (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (8.6%), Indonesia (6.9%) and Thailand (6.1%). Bangladesh (X tons) and Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to dichloromethane imports into India stood at +3.4%. At the same time, Vietnam (+14.1%), Bangladesh (+9.5%), South Korea (+2.5%) and Indonesia (+2.1%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +14.1% from 2012-2021. Malaysia and Thailand experienced a relatively flat trend pattern. While the share of Vietnam (+5.4 p.p.), India (+4.9 p.p.) and Bangladesh (+2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Thailand (-1.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported dichloromethane (methylene chloride) in Asia-Pacific, comprising 46% of total imports. The second position in the ranking was held by South Korea ($X), with an 8.9% share of total imports. It was followed by Vietnam, with an 8.5% share.

In India, dichloromethane imports increased at an average annual rate of +7.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+1.4% per year) and Vietnam (+13.1% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, increasing by 42% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Indonesia ($X per ton) and Bangladesh ($X per ton), while South Korea ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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