China: Hydantoin Market 2024

Hydantoin Market Size in China

The Chinese hydantoin market expanded remarkably to $X in 2022, growing by 7% against the previous year. The market value increased at an average annual rate of +5.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Hydantoin Production in China

In value terms, hydantoin production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 21% against the previous year. Hydantoin production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Hydantoin Exports

Exports from China

In 2022, overseas shipments of hydantoin and its derivatives decreased by -7.7% to X tons, falling for the second consecutive year after five years of growth. The total export volume increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 22% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, hydantoin exports soared to $X in 2022. Overall, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +86.6% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for hydantoin exports from China, with a 27% share of total exports. Moreover, hydantoin exports to the United States exceeded the volume sent to the second major destination, Indonesia (X tons), twofold. India (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +32.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+19.5% per year) and India (+3.3% per year).

In value terms, the United States ($X) remains the key foreign market for hydantoin and its derivatives exports from China, comprising 45% of total exports. The second position in the ranking was taken by Belgium ($X), with an 11% share of total exports. It was followed by Spain, with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +44.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+31.3% per year) and Spain (+0.7% per year).

Export Prices by Country

The average hydantoin export price stood at $X per ton in 2022, surging by 49% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. 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 for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Hydantoin Imports

Imports into China

In 2022, approx. X tons of hydantoin and its derivatives were imported into China; shrinking by -8% compared with the year before. Overall, imports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 424% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hydantoin imports reduced to $X in 2022. In general, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +16.2% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 127% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of hydantoin to China, with a 50% share of total imports. Moreover, hydantoin imports from Spain exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was held by France (X tons), with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at +249.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.2% per year) and France (-3.3% per year).

In value terms, Spain ($X), the United States ($X) and France ($X) appeared to be the largest hydantoin suppliers to China, with a combined 73% share of total imports.

Among the main suppliers, Spain, with a CAGR of +261.0%, saw the highest growth rate of 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

In 2022, the average hydantoin import price amounted to $X per ton, approximately equating the previous year. Overall, the import price recorded a pronounced contraction. The growth pace was the most rapid in 2014 when the average import price increased by 121% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :