Asia: Peroxides Of Sodium Market 2024

Peroxides Of Sodium Market Size in Asia

In 2021, the Asian peroxides of sodium market was finally on the rise to reach $X after three years of decline. The total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Peroxides Of Sodium Production in Asia

In value terms, peroxides of sodium production totaled $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 6.9%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Peroxides Of Sodium Exports

Exports in Asia

In 2021, after three years of growth, there was significant decline in overseas shipments of peroxides of sodium or potassium, when their volume decreased by -40.9% to X tons. Over the period under review, exports recorded a slight slump. The pace of growth was the most pronounced in 2016 when exports increased by 380% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, peroxides of sodium exports surged to $X in 2021. Overall, exports showed a perceptible slump. The most prominent rate of growth was recorded in 2016 when exports increased by 67%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The shipments of the nine major exporters of peroxides of sodium or potassium, namely Taiwan (Chinese), Singapore, Indonesia, Turkey, China, Saudi Arabia, India, Israel and Malaysia, represented more than two-thirds of total export.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +44.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest peroxides of sodium supplier in Asia, comprising 52% of total exports. The second position in the ranking was taken by Turkey ($X), with a 13% share of total exports. It was followed by Singapore, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +8.0%. In the other countries, the average annual rates were as follows: Turkey (+20.0% per year) and Singapore (-1.3% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, increasing by 117% against the previous year. Overall, the export price, however, showed a slight curtailment. The pace of growth was the most pronounced in 2017 when the export price increased by 270% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($X per ton), while Israel ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+5.2%), while the other leaders experienced mixed trends in the export price figures.

Peroxides Of Sodium Imports

Imports in Asia

In 2021, purchases abroad of peroxides of sodium or potassium increased by 16% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports posted a strong expansion. The growth pace was the most rapid in 2016 when imports increased by 62% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, peroxides of sodium imports skyrocketed to $X in 2021. Overall, imports continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 121% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Syrian Arab Republic was the key importer of peroxides of sodium or potassium in Asia, with the volume of imports reaching X tons, which was near 35% of total imports in 2021. Malaysia (X tons) took the second position in the ranking, followed by the Philippines (X tons), Myanmar (X tons), Singapore (X tons) and Turkey (X tons). All these countries together took near 49% share of total imports. Indonesia (X tons) took a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to peroxides of sodium imports into Syrian Arab Republic stood at +51.2%. At the same time, the Philippines (+89.8%), Myanmar (+42.9%), Turkey (+39.7%) and Singapore (+11.9%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia, with a CAGR of +89.8% from 2012-2021. By contrast, Malaysia (-4.0%) and Indonesia (-4.6%) illustrated a downward trend over the same period. Syrian Arab Republic (+34 p.p.), the Philippines (+13 p.p.), Myanmar (+7.8 p.p.), Turkey (+4.3 p.p.) and Singapore (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Indonesia and Malaysia saw its share reduced by -7% and -27.6% from 2012 to 2021, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported peroxides of sodium or potassium in Asia, comprising 43% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 9.6% share of total imports. It was followed by Indonesia, with a 5.1% share.

In Turkey, peroxides of sodium imports expanded at an average annual rate of +53.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (-9.9% per year) and Indonesia (-7.4% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, surging by 43% against the previous year. Over the period under review, the import price, however, showed a noticeable curtailment. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+9.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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