Asia-Pacific: Market for Inorganic Oxygen Compounds Of Non-Metals 2025

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

In 2021, after four years of growth, there was significant decline in the Asia-Pacific market for inorganic oxygen compounds of non-metals, when its value decreased by -6.3% to $X. The total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +8.4% 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 +75.1% against 2016 indices. The level of consumption peaked at $X in 2020, and then dropped in the following year.

Production of Inorganic Oxygen Compounds Of Non-Metals in Asia-Pacific

In value terms, inorganic oxygen compounds of non-metals production fell to $X in 2021 estimated in export price. In general, production, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 46% against the previous year. The level of production peaked at $X in 2020, and then contracted in the following year.

Exports of Inorganic Oxygen Compounds Of Non-Metals

Exports in Asia-Pacific

In 2021, the amount of inorganic oxygen compounds of non-metals exported in Asia-Pacific skyrocketed to X tons, rising by 21% against the previous year. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +9.1% 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 +70.7% against 2016 indices. 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 soared to $X in 2021. Overall, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by 60% 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 was the major exporting country with an export of about X tons, which resulted at 69% of total exports. Malaysia (X tons) ranks second in terms of the total exports with a 14% share, followed by South Korea (5.1%) and Taiwan (Chinese) (4.9%). The following exporters - India (X tons) and Hong Kong SAR (X tons) - each resulted at a 4% share of total exports.

Exports from China increased at an average annual rate of +11.0% from 2012 to 2021. At the same time, Taiwan (Chinese) (+24.0%), Malaysia (+16.4%), Hong Kong SAR (+13.2%), South Korea (+10.5%) and India (+9.7%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +24.0% from 2012-2021. While the share of China (+10 p.p.), Malaysia (+6.1 p.p.) and Taiwan (Chinese) (+3.3 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest inorganic oxygen compounds of non-metals supplier in Asia-Pacific, comprising 35% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 13% share of total exports. It was followed by Taiwan (Chinese), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +15.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+20.5% per year) and Taiwan (Chinese) (+24.0% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, increasing by 5.6% against the previous year. In general, the export price, however, recorded a mild descent. The growth pace was the most rapid in 2018 an increase of 36% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices failed to regain momentum.

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 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 Hong Kong SAR (+12.0%), while the other leaders experienced more modest paces of growth.

Imports of Inorganic Oxygen Compounds Of Non-Metals

Imports in Asia-Pacific

In 2021, inorganic oxygen compounds of non-metals imports in Asia-Pacific surged to X tons, rising by 25% against 2020. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 76% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, inorganic oxygen compounds of non-metals imports soared to $X in 2021. Over the period under review, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia was the largest importer of inorganic oxygen compounds of non-metals in Asia-Pacific, with the volume of imports recording X tons, which was near 30% of total imports in 2021. It was distantly followed by India (X tons), China (X tons), Taiwan (Chinese) (X tons) and Australia (X tons), together creating a 42% share of total imports. Indonesia (X tons), New Zealand (X tons), Hong Kong SAR (X tons), Singapore (X tons), Vietnam (X tons), South Korea (X tons) and Japan (X tons) held a relatively small share of total imports.

Imports into Malaysia decreased at an average annual rate of -10.3% from 2012 to 2021. At the same time, China (+23.8%), India (+15.3%), Singapore (+14.6%), Hong Kong SAR (+12.0%), Vietnam (+11.1%), Japan (+9.7%), Indonesia (+8.6%), Taiwan (Chinese) (+7.5%), New Zealand (+5.7%) and Australia (+5.1%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +23.8% from 2012-2021. South Korea experienced a relatively flat trend pattern. From 2012 to 2021, the share of China, India, Taiwan (Chinese), Hong Kong SAR, Indonesia, Singapore, Australia, Vietnam and New Zealand increased by +11, +10, +5.1, +2.6, +2.5, +2.4, +2.2, +2.1 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported inorganic oxygen compounds of non-metals in Asia-Pacific, comprising 34% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 15% share of total imports. It was followed by Australia, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +22.1%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+5.1% per year) and Australia (+17.8% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, surging by 6.4% against the previous year. Import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, inorganic oxygen compounds of non-metals import price increased by +71.5% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the import price increased by 77% against the previous year. Over the period under review, import prices hit record highs in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 Australia (+12.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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