China: Peroxides Of Sodium Market 2024

Peroxides Of Sodium Market Size in China

In 2021, after two years of growth, there was significant decline in the Chinese peroxides of sodium market, when its value decreased by -35.1% to $X. Overall, consumption recorded a mild contraction. Peroxides of sodium consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Peroxides Of Sodium Production in China

In value terms, peroxides of sodium production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 13% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; afterwards, it flattened through to 2021.

Peroxides Of Sodium Exports

Exports from China

In 2021, shipments abroad of peroxides of sodium or potassium increased by 73% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports showed temperate growth. The growth pace was the most rapid in 2017 when exports increased by 287%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, peroxides of sodium exports skyrocketed to $X in 2021. Over the period under review, exports saw a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of 287%. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Russia (X tons) was the main destination for peroxides of sodium exports from China, with a 37% share of total exports. Moreover, peroxides of sodium exports to Russia exceeded the volume sent to the second major destination, Germany (X tons), twofold. South Korea (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2021, the average annual growth rate of volume to Russia totaled +131.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+20.6% per year) and South Korea (+38.3% per year).

In value terms, the largest markets for peroxides of sodium exported from China were Russia ($X), Germany ($X) and South Korea ($X), with a combined 72% share of total exports. These countries were followed by Turkey, South Africa, the United States and Poland, which together accounted for a further 26%.

Turkey, with a CAGR of +216.2%, 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 peroxides of sodium export price amounted to $X per ton, waning by -7.4% against the previous year. In general, export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, peroxides of sodium export price decreased by -8.7% against 2019 indices. The growth pace was the most rapid in 2015 an increase of 52% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to South Africa ($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 Poland (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Peroxides Of Sodium Imports

Imports into China

In 2021, supplies from abroad of peroxides of sodium or potassium increased by 482% to X tons, rising for the third year in a row after two years of decline. Overall, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, peroxides of sodium imports surged to $X in 2021. Over the period under review, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) was the main peroxides of sodium supplier to China, accounting for a 97% share of total imports. It was followed by France (X kg), with a 2.7% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Russia stood at +544.2%.

In value terms, Russia ($X) constituted the largest supplier of peroxides of sodium or potassium to China, comprising 76% of total imports. The second position in the ranking was held by France ($X), with a 24% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Russia stood at +609.7%.

Import Prices by Country

In 2021, the average peroxides of sodium import price amounted to $X per ton, dropping by -6.8% against the previous year. Over the period under review, the import price showed a slight curtailment. The growth pace was the most rapid in 2013 when the average import price increased by 47% 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 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+25.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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