Asia: Sulphonamides Market 2024

Sulphonamides Market Size in Asia

The Asian sulphonamides market dropped slightly to $X in 2021, waning by -2.6% against the previous year. Over the period under review, consumption, however, enjoyed a buoyant expansion. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Sulphonamides Production in Asia

In value terms, sulphonamides production totaled $X in 2021 estimated in export price. Overall, production, however, showed a mild decline. The most prominent rate of growth was recorded in 2019 when the production volume increased by 33%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Sulphonamides Exports

Exports in Asia

In 2021, the amount of sulphonamides exported in Asia surged to X tons, increasing by 20% on 2020 figures. Overall, exports, however, recorded a slight contraction. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, sulphonamides exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, China (X tons) was the largest exporter of sulphonamides, comprising 53% of total exports. India (X tons) took the second position in the ranking, distantly followed by Singapore (X tons) and South Korea (X tons). All these countries together took approx. 42% share of total exports. Cambodia (X tons) took a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Cambodia (with a CAGR of +23.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest sulphonamides supplying countries in Asia were China ($X), Singapore ($X) and India ($X), with a combined 91% share of total exports. These countries were followed by South Korea and Cambodia, which together accounted for a further 3.1%.

In terms of the main exporting countries, Cambodia, with a CAGR of +38.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, with an increase of 6.4% against the previous year. In general, the export price, however, showed a perceptible curtailment. The growth pace was the most rapid in 2019 an increase of 9.6%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+12.7%), while the other leaders experienced more modest paces of growth.

Sulphonamides Imports

Imports in Asia

In 2021, overseas purchases of sulphonamides increased by 18% to X tons, rising for the third consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sulphonamides imports contracted to $X in 2021. Total imports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -18.1% against 2019 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 38% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons) and Indonesia (X tons) represented roughly 39% of total imports in 2021. South Korea (X tons) ranks next in terms of the total imports with an 11% share, followed by India (10%), Japan (8.4%) and Vietnam (7.7%). The following importers - Pakistan (X tons), Bangladesh (X tons), Turkey (X tons), Taiwan (Chinese) (X tons) and Thailand (X tons) - together made up 14% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +16.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sulphonamides importing markets in Asia were China ($X), Japan ($X) and South Korea ($X), with a combined 69% share of total imports. India, Turkey, Bangladesh, Pakistan, Indonesia, Vietnam, Taiwan (Chinese) and Thailand lagged somewhat behind, together comprising a further 22%.

Bangladesh, with a CAGR of +15.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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, shrinking by -22.1% against the previous year. In general, the import price saw a slight decline. The most prominent rate of growth was recorded in 2019 an increase of 30%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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