China: Market for Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals 2024

Market Size for Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals in China

In 2021, after three years of growth, there was decline in the Chinese market for chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals, when its value decreased by -4.9% to $X. In general, the total consumption indicated moderate growth 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, consumption decreased by -7.4% against 2016 indices. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals in China

In value terms, production of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals declined to $X in 2021 estimated in export price. Over the period under review, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% 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 -13.1% against 2016 indices. The pace of growth appeared the most rapid in 2016 with an increase of 53% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production of growth remained at a lower figure.

Exports of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals

Exports from China

After two years of decline, overseas shipments of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals increased by 12% to X tons in 2021. Overall, exports, however, continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 59% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals skyrocketed to $X in 2021. In general, exports enjoyed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

South Korea (X tons), Taiwan (Chinese) (X tons) and Japan (X tons) were the main destinations of exports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals from China, together accounting for 79% of total exports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +10.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chlorides and phosphorus oxychloride and halides exported from China were Taiwan (Chinese) ($X), South Korea ($X) and Japan ($X), together accounting for 75% of total exports.

Among the main countries of destination, Japan, with a CAGR of +27.6%, saw 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

In 2021, the average export price for chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals amounted to $X per ton, picking up by 29% against the previous year. Overall, the export price saw a resilient increase. The growth pace was the most rapid in 2016 when the average export price increased by 31%. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was India ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals

Imports into China

Imports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals into China dropped notably to X tons in 2021, reducing by -32.6% on 2020. In general, imports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2014 when imports increased by 25%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, imports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals rose modestly to $X in 2021. Overall, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +24.8% against 2019 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 22% against the previous year. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, South Korea (X tons) constituted the largest supplier of chlorides and phosphorus oxychloride and halides to China, accounting for a 61% share of total imports. Moreover, imports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals from South Korea exceeded the figures recorded by the second-largest supplier, Japan (X tons), fourfold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea stood at -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-6.7% per year) and Taiwan (Chinese) (+71.3% per year).

In value terms, South Korea ($X) constituted the largest supplier of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals to China, comprising 54% of total imports. The second position in the ranking was taken by Japan ($X), with a 21% share of total imports. It was followed by Taiwan (Chinese), with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value from South Korea stood at +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+2.4% per year) and Taiwan (Chinese) (+82.1% per year).

Import Prices by Country

In 2021, the average import price for chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals amounted to $X per ton, picking up by 53% against the previous year. In general, the import price posted buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Georgia (+26.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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