China: Market for Liquid Or Compressed Air And Distilled Or Conductivity Water 2024

Market Size for Liquid Or Compressed Air And Distilled Or Conductivity Water in China

In 2021, after two years of decline, there was growth in the Chinese market for liquid or compressed air and distilled or conductivity water, when its value increased by 1.3% to $X. In general, consumption saw strong growth. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Liquid Or Compressed Air And Distilled Or Conductivity Water in China

In value terms, liquid air and distilled water production expanded to $X in 2021 estimated in export price. Overall, production recorded a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of 49%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Exports from China

For the fifth year in a row, China recorded growth in overseas shipments of liquid or compressed air and distilled or conductivity water, which increased by 37% to X tons in 2021. In general, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 57% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, liquid air and distilled water exports soared to $X in 2021. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 158%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

South Korea (X tons) was the main destination for liquid air and distilled water exports from China, with a 85% share of total exports. Moreover, liquid air and distilled water exports to South Korea exceeded the volume sent to the second major destination, Japan (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to South Korea totaled +17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+3.3% per year) and the United States (-12.0% per year).

In value terms, South Korea ($X) remains the key foreign market for liquid or compressed air and distilled or conductivity water exports from China, comprising 93% of total exports. The second position in the ranking was taken by Japan ($X), with a 6.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to South Korea stood at +52.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+40.8% per year) and the United States (-4.8% per year).

Export Prices by Country

In 2021, the average export price for liquid or compressed air and distilled or conductivity water amounted to $X per ton, picking up by 29% against the previous year. In general, the export price saw a significant increase. The growth pace was the most rapid in 2016 when the average export price increased by 85% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to the United States ($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 Japan (+36.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Imports into China

In 2021, supplies from abroad of liquid or compressed air and distilled or conductivity water was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 208%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, liquid air and distilled water imports surged to $X in 2021. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Japan (X tons) constituted the largest liquid air and distilled water supplier to China, with a 56% share of total imports. Moreover, liquid air and distilled water imports from Japan exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan amounted to +32.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+51.6% per year) and the United States (+25.8% per year).

In value terms, Japan ($X) constituted the largest supplier of liquid or compressed air and distilled or conductivity water to China, comprising 56% of total imports. The second position in the ranking was held by South Korea ($X), with a 26% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Japan amounted to +39.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+77.0% per year) and the United States (+30.7% per year).

Import Prices by Country

In 2021, the average import price for liquid or compressed air and distilled or conductivity water amounted to $X per ton, falling by -2.2% against the previous year. Overall, the import price, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2020 an increase of 73%. As a result, import price reached the peak level of $X per ton, and then dropped modestly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :