Asia: Peroxosulphates Market 2024

Peroxosulphates Market Size in Asia

The Asian peroxosulphates market contracted rapidly to $X in 2021, with a decrease of -23.3% against the previous year. Overall, consumption showed a noticeable decrease. 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

In value terms, peroxosulphates production rose to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 13%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Peroxosulphates Exports

Exports in Asia

In 2021, shipments abroad of peroxosulphates (persulphates) was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by 53% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in years to come.

In value terms, peroxosulphates exports surged to $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the main exporter of peroxosulphates (persulphates) in Asia, with the volume of exports accounting for X tons, which was approx. 54% of total exports in 2021. Japan (X tons) ranks second in terms of the total exports with a 23% share, followed by Turkey (11%) and India (7.8%). Taiwan (Chinese) (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +1.0% from 2012 to 2021. At the same time, India (+22.1%), Turkey (+11.3%) and Japan (+5.5%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +22.1% from 2012-2021. Taiwan (Chinese) experienced a relatively flat trend pattern. From 2012 to 2021, the share of India, Turkey and Japan increased by +6.1, +5.2 and +3.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest peroxosulphates supplier in Asia, comprising 52% of total exports. The second position in the ranking was taken by Japan ($X), with a 21% share of total exports. It was followed by Turkey, with a 12% share.

In China, peroxosulphates exports expanded at an average annual rate of +3.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (+4.5% per year) and Turkey (+12.3% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, increasing by 19% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

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 mixed trends in the export price figures.

Peroxosulphates Imports

Imports in Asia

In 2021, peroxosulphates imports in Asia dropped to X tons, which is down by -5.6% against the previous year's figure. The total import volume increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 16% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, peroxosulphates imports amounted to $X in 2021. The total import value increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 21% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, South Korea (X tons) and Taiwan (Chinese) (X tons) represented the key importers of peroxosulphates (persulphates) in Asia, together generating 58% of total imports. Thailand (X tons) ranks next in terms of the total imports with a 6.7% share, followed by Vietnam (6.5%), India (6.2%) and Indonesia (4.5%). China (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of +17.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest peroxosulphates importing markets in Asia were South Korea ($X), Taiwan (Chinese) ($X) and Thailand ($X), with a combined 58% share of total imports. Vietnam, China, India and Indonesia lagged somewhat behind, together comprising a further 25%.

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 stood at $X per ton in 2021, with an increase of 8.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. As a result, import 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 importing countries. In 2021, 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

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