China: Market for Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals 2024

Market Size for Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals in China

In 2021, the Chinese chloride oxides of metal market decreased by -0.1% to $X, falling for the third year in a row after five years of growth. Overall, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -19.7% against 2018 indices. 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.

Production of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals in China

In value terms, chloride oxides of metal production amounted to $X in 2021 estimated in export price. In general, the total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -18.2% against 2018 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 34% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals

Exports from China

In 2021, overseas shipments of chloride oxides and chloride hydroxides of copper and other metals increased by 33% to X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, chloride oxides of metal exports surged to $X in 2021. Overall, exports continue to indicate measured growth. The most prominent rate of growth was recorded in 2018 with an increase of 53%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Japan (X tons), the United States (X tons) and the UK (X tons) were the main destinations of chloride oxides of metal exports from China, together accounting for 78% of total exports. These countries were followed by India, South Korea, Australia and Germany, which together accounted for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +21.1%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) emerged as the key foreign market for chloride oxides and chloride hydroxides of copper and other metals exports from China, comprising 47% of total exports. The second position in the ranking was held by the United States ($X), with a 21% share of total exports. It was followed by the UK, with a 5.1% share.

From 2012 to 2021, the average annual growth rate of value to Japan stood at +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-6.7% per year) and the UK (+8.7% per year).

Export Prices by Country

The average chloride oxides of metal export price stood at $X per ton in 2021, with an increase of 5.8% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 65%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to South Korea ($X per ton) and Australia ($X per ton), while the average price for exports to the UK ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+4.3%), while the prices for the other major destinations experienced a decline.

Imports of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals

Imports into China

Chloride oxides of metal imports into China surged to X tons in 2021, increasing by 71% on 2020 figures. Over the period under review, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 267%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, chloride oxides of metal imports contracted notably to $X in 2021. In general, total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.5% 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 2018 when imports increased by 24%. Imports peaked at $X in 2020, and then fell dramatically in the following year.

Imports by Country

India (X tons), Germany (X tons) and Japan (X tons) were the main suppliers of chloride oxides of metal imports to China, together comprising 75% of total imports. The United States, Malaysia, Hungary and Spain lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +814.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of chloride oxides and chloride hydroxides of copper and other metals to China, comprising 51% of total imports. The second position in the ranking was held by Germany ($X), with a 20% share of total imports. It was followed by the United States, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan stood at +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+21.0% per year) and the United States (-16.1% per year).

Import Prices by Country

In 2021, the average chloride oxides of metal import price amounted to $X per ton, reducing by -53.2% against the previous year. In general, the import price showed a deep setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 169%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+21.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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