Asia: Trichloroethylene And Tetrachloroethylene Market 2024

Trichloroethylene And Tetrachloroethylene Market Size in Asia

The Asian trichloroethylene and tetrachloroethylene market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +2.2% 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 peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Trichloroethylene And Tetrachloroethylene Production in Asia

In value terms, trichloroethylene and tetrachloroethylene production stood at $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 3.5% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Trichloroethylene And Tetrachloroethylene Exports

Exports in Asia

Trichloroethylene and tetrachloroethylene exports soared to X tons in 2021, rising by 16% against the previous year's figure. The total export volume increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 26%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, trichloroethylene and tetrachloroethylene exports surged to $X in 2021. The total export value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern 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 (X tons) and Japan (X tons) prevails in exports structure, together committing 92% of total exports. India (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by India (with a CAGR of +17.3%), while the other leaders experienced mixed trends in the exports figures.

In value terms, China ($X) remains the largest trichloroethylene and tetrachloroethylene supplier in Asia, comprising 61% of total exports. The second position in the ranking was held by Japan ($X), with a 30% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China amounted to +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 amounted to $X per ton, rising by 46% against the previous year. Overall, the export price showed 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

In 2021, supplies from abroad of trichloroethylene and tetrachloroethylene (perchloroethylene) increased by 14% to X tons for the first time since 2018, thus ending a two-year declining trend. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.5% 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 -12.5% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 43% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, trichloroethylene and tetrachloroethylene imports soared to $X in 2021. In general, imports saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

China represented the largest importing country with an import of about X tons, which resulted at 60% of total imports. India (X tons) ranks second in terms of the total imports with a 12% share, followed by Turkey (5.8%) and South Korea (4.6%). The United Arab Emirates (X tons), Thailand (X tons) and Indonesia (X tons) held 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, the United Arab Emirates (+7.1%) and India (+5.5%) displayed positive paces of growth. By contrast, Turkey (-1.2%), Thailand (-2.1%), Indonesia (-4.5%) and South Korea (-7.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +34 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported trichloroethylene and tetrachloroethylene (perchloroethylene) in Asia, comprising 39% of total imports. The second position in the ranking was taken by India ($X), with a 15% share of total imports. It was followed by Turkey, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +9.5%. In the other countries, the average annual rates were as follows: India (+3.6% per year) and Turkey (-1.1% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, growing by 26% against the previous year. Over the period under review, the import price, however, recorded a abrupt descent. Over the period under review, import prices hit record highs 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 the United Arab Emirates ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :