China: Market for Inorganic Oxygen Compounds Of Non-Metals 2024

Market Size for Inorganic Oxygen Compounds Of Non-Metals in China

In 2021, after six years of growth, there was significant decline in the Chinese market for inorganic oxygen compounds of non-metals, when its value decreased by -7% to $X. Over the period under review, consumption, however, enjoyed a resilient increase. Inorganic oxygen compounds of non-metals consumption peaked at $X in 2020, and then reduced in the following year.

Production of Inorganic Oxygen Compounds Of Non-Metals in China

In value terms, inorganic oxygen compounds of non-metals production fell to $X in 2021 estimated in export price. In general, production, however, enjoyed strong growth. The growth pace was the most rapid in 2013 with an increase of 67% against the previous year. Inorganic oxygen compounds of non-metals production peaked at $X in 2020, and then contracted in the following year.

Exports of Inorganic Oxygen Compounds Of Non-Metals

Exports from China

In 2021, inorganic oxygen compounds of non-metals exports from China soared to X tons, growing by 22% against 2020. Overall, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by 45%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the near future.

In value terms, inorganic oxygen compounds of non-metals exports surged to $X in 2021. In general, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of 77% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Malaysia (X tons) was the main destination for inorganic oxygen compounds of non-metals exports from China, with a 36% share of total exports. Moreover, inorganic oxygen compounds of non-metals exports to Malaysia exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with a 9% share.

From 2012 to 2021, the average annual growth rate of volume to Malaysia amounted to +19.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+14.0% per year) and the Netherlands (+955.3% per year).

In value terms, the Netherlands ($X), the United States ($X) and Malaysia ($X) constituted the largest markets for inorganic oxygen compounds of non-metals exported from China worldwide, together accounting for 40% of total exports.

The Netherlands, with a CAGR of +1,165.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination 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 inorganic oxygen compounds of non-metals amounted to $X per ton, increasing by 29% against the previous year. In general, export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, inorganic oxygen compounds of non-metals export price increased by +41.9% against 2019 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 64%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to India ($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 Indonesia (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Inorganic Oxygen Compounds Of Non-Metals

Imports into China

In 2021, overseas purchases of inorganic oxygen compounds of non-metals increased by 70% to X tons, rising for the second year in a row after three years of decline. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 114%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, inorganic oxygen compounds of non-metals imports surged to $X in 2021. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 71%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, South Korea (X tons) constituted the largest inorganic oxygen compounds of non-metals supplier to China, with a 48% share of total imports. Moreover, inorganic oxygen compounds of non-metals imports from South Korea exceeded the figures recorded by the second-largest supplier, Austria (X tons), threefold. The third position in this ranking was held by Japan (X tons), with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume from South Korea stood at +47.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+72.1% per year) and Japan (+4.6% per year).

In value terms, the largest inorganic oxygen compounds of non-metals suppliers to China were South Korea ($X), Japan ($X) and Austria ($X), with a combined 60% share of total imports.

Austria, with a CAGR of +65.9%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for inorganic oxygen compounds of non-metals amounted to $X per ton, reducing by -8.6% against the previous year. In general, the import price saw a slight decrease. The pace of growth was the most pronounced in 2017 when the average import price increased by 49%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, 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 ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+25.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :