Asia-Pacific: Thiosulphates Market 2024

Thiosulphates Market Size in Asia-Pacific

The Asia-Pacific thiosulphates market declined slightly to $X in 2021, with a decrease of -2.1% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Thiosulphates Production in Asia-Pacific

In value terms, thiosulphates production shrank to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 38%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Thiosulphates Exports

Exports in Asia-Pacific

In 2021, shipments abroad of thiosulphates increased by 4.6% to X tons, rising for the fifth consecutive year after two years of decline. Total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.3% 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 +70.1% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 41%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, thiosulphates exports surged to $X in 2021. In general, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 36%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

China dominates exports structure, resulting at X tons, which was approx. 94% of total exports in 2021. India (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to thiosulphates exports from China stood at +5.2%. At the same time, India (+8.3%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +8.3% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest thiosulphates supplier in Asia-Pacific, comprising 93% of total exports. The second position in the ranking was taken by India ($X), with a 4.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China totaled +9.6%.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, rising by 16% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2020 when the export price increased by 24% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while India stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.2%).

Thiosulphates Imports

Imports in Asia-Pacific

For the seventh year in a row, Asia-Pacific recorded growth in supplies from abroad of thiosulphates, which increased by 8.5% to X tons in 2021. Total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +121.3% against 2014 indices. The pace of growth was the most pronounced in 2013 when imports increased by 33% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, thiosulphates imports skyrocketed to $X in 2021. In general, imports posted buoyant growth. The pace of growth was the most pronounced in 2013 when imports increased by 49%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Australia (X tons), distantly followed by Malaysia (X tons), Vietnam (X tons), Thailand (X tons), Japan (X tons), Taiwan (Chinese) (X tons) and Singapore (X tons) represented the main importers of thiosulphates, together mixing up 87% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Australia (with a CAGR of +46.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constitutes the largest market for imported thiosulphates in Asia-Pacific, comprising 25% of total imports. The second position in the ranking was taken by Vietnam ($X), with an 11% share of total imports. It was followed by Malaysia, with an 8.2% share.

In Australia, thiosulphates imports increased at an average annual rate of +46.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (+20.5% per year) and Malaysia (+7.5% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, growing by 8.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2013 an increase of 12%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+8.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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