Asia-Pacific: Trichloroethylene And Tetrachloroethylene Market 2024

Trichloroethylene And Tetrachloroethylene Market Size in Asia-Pacific

In 2021, the Asia-Pacific trichloroethylene and tetrachloroethylene market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Trichloroethylene And Tetrachloroethylene Production in Asia-Pacific

In value terms, trichloroethylene and tetrachloroethylene production amounted to $X in 2021 estimated in export price. In general, production, however, saw a slight reduction. The growth pace was the most rapid in 2014 with an increase of 3.4% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Trichloroethylene And Tetrachloroethylene Exports

Exports in Asia-Pacific

In 2021, exports of trichloroethylene and tetrachloroethylene (perchloroethylene) in Asia-Pacific skyrocketed to X tons, growing by 16% compared with the year before. The total export volume increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 with an increase of 27%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, trichloroethylene and tetrachloroethylene exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.8% 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 (X tons) and Japan (X tons) prevails in exports structure, together creating 93% of total exports. India (X tons) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +17.3%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, China ($X) remains the largest trichloroethylene and tetrachloroethylene supplier in Asia-Pacific, comprising 62% of total exports. The second position in the ranking was taken by Japan ($X), with a 30% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China totaled +5.6%. In the other countries, the average annual rates were as follows: Japan (-1.2% per year) and India (+8.4% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, increasing by 47% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 China ($X per ton), while India ($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 (+2.5%), while the other leaders experienced a decline in the export price figures.

Trichloroethylene And Tetrachloroethylene Imports

Imports in Asia-Pacific

In 2021, supplies from abroad of trichloroethylene and tetrachloroethylene (perchloroethylene) increased by 19% to X tons for the first time since 2018, thus ending a two-year declining trend. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 50% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, trichloroethylene and tetrachloroethylene imports soared to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China was the major importing country with an import of around X tons, which amounted to 66% of total imports. India (X tons) took a 14% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (5.1%). Thailand (X tons), Indonesia (X tons), Vietnam (X tons) and Malaysia (X tons) took a minor share of total imports.

China was also the fastest-growing in terms of the trichloroethylene and tetrachloroethylene (perchloroethylene) imports, with a CAGR of +16.0% from 2012 to 2021. At the same time, Vietnam (+6.8%) and India (+5.5%) displayed positive paces of growth. Malaysia experienced a relatively flat trend pattern. By contrast, Thailand (-2.1%), Indonesia (-4.5%) and South Korea (-7.6%) illustrated a downward trend over the same period. China (+35 p.p.) significantly strengthened its position in terms of the total imports, while Malaysia, Thailand, Indonesia and South Korea saw its share reduced by -1.6%, -3.1%, -4.3% and -13.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported trichloroethylene and tetrachloroethylene (perchloroethylene) in Asia-Pacific, comprising 47% of total imports. The second position in the ranking was held by India ($X), with an 18% share of total imports. It was followed by South Korea, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +9.5%. In the other countries, the average annual rates were as follows: India (+3.6% per year) and South Korea (-10.4% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, increasing by 22% against the previous year. Over the period under review, the import price, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2016 an increase of 22%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 Vietnam ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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