Asia-Pacific: Peroxosulphates Market 2024

Peroxosulphates Market Size in Asia-Pacific

The Asia-Pacific peroxosulphates market contracted notably to $X in 2021, reducing by -16.5% against the previous year. In general, consumption saw a mild slump. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Peroxosulphates Production in Asia-Pacific

In value terms, peroxosulphates production stood at $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 14% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Peroxosulphates Exports

Exports in Asia-Pacific

After three years of decline, overseas shipments of peroxosulphates (persulphates) increased by 20% to X tons in 2021. The total export volume increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when exports increased by 57%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, peroxosulphates exports surged to $X in 2021. The total export value increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the major exporting country with an export of around X tons, which reached 61% of total exports. Japan (X tons) held a 25% share (based on physical terms) of total exports, which put it in second place, followed by India (8.9%). Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to peroxosulphates exports from China stood at +1.0%. At the same time, India (+22.1%) and Japan (+5.5%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +22.1% from 2012-2021. Taiwan (Chinese) experienced a relatively flat trend pattern. While the share of India (+6.9 p.p.) and Japan (+5.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (-11.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest peroxosulphates supplier in Asia-Pacific, comprising 59% of total exports. The second position in the ranking was held by Japan ($X), with a 24% share of total exports. It was followed by India, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +3.5%. In the other countries, the average annual rates were as follows: Japan (+4.5% per year) and India (+19.1% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, with an increase of 21% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. 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.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in India ($X per ton) and Taiwan (Chinese) ($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 (+2.5%), while the other leaders experienced a decline in the export price figures.

Peroxosulphates Imports

Imports in Asia-Pacific

In 2021, approx. X tons of peroxosulphates (persulphates) were imported in Asia-Pacific; shrinking by -2.2% on the year before. The total import volume increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when imports increased by 14% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, peroxosulphates imports expanded slightly to $X in 2021. The total import value increased at an average annual rate of +3.4% 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 2017 when imports increased by 21%. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

South Korea (X tons) and Taiwan (Chinese) (X tons) were the key importers of peroxosulphates (persulphates) in 2021, recording near 33% and 28% of total imports, respectively. Thailand (X tons) held a 7% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (6.8%), India (6.5%) and Indonesia (4.7%). China (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +17.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Taiwan (Chinese) ($X) and Thailand ($X) were the countries with the highest levels of imports in 2021, with a combined 61% share of total imports. Vietnam, China, India and Indonesia lagged somewhat behind, together comprising a further 26%.

Among the main importing countries, Vietnam, with a CAGR of +18.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, rising by 7% against the previous year. Over the last nine years, it increased at an average annual rate of +2.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :