China: Other Chemical Products Market 2024

Other Chemical Products Market Size in China

The Chinese other chemical products market stood at $X in 2022, therefore, remained relatively stable against the previous year. In general, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.1% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Other Chemical Products Production in China

In value terms, other chemical products production amounted to $X in 2022 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.6% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 30%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Other Chemical Products Exports

Exports from China

In 2016, shipments abroad of other chemical products decreased by -5.7% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 12%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2016, the exports remained at a lower figure.

In value terms, other chemical products exports declined to $X in 2016. The total export value increased at an average annual rate of +1.3% over the period from 2012 to 2016; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 13%. Over the period under review, the exports hit record highs at $X in 2015, and then shrank in the following year.

Exports by Country

Japan (X tons), South Korea (X tons) and Indonesia (X tons) were the main destinations of other chemical products exports from China, together accounting for 31% of total exports. Malaysia, India, Thailand, Taiwan (Chinese), the United States, the Philippines, Vietnam, Hong Kong SAR, Cambodia and the Netherlands lagged somewhat behind, together comprising a further 41%.

From 2012 to 2016, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cambodia (with a CAGR of +162.1%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), South Korea ($X) and Japan ($X) were the largest markets for other chemical products exported from China worldwide, together comprising 31% of total exports. Hong Kong SAR, Taiwan (Chinese), India, Vietnam, Thailand, Indonesia, Malaysia, the Netherlands, the Philippines and Cambodia lagged somewhat behind, together accounting for a further 38%.

In terms of the main countries of destination, Cambodia, with a CAGR of +159.1%, recorded the highest growth rate of 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

The average other chemical products export price stood at $X per ton in 2016, reducing by -2.6% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 13% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.

Other Chemical Products Imports

Imports into China

Other chemical products imports into China expanded remarkably to X tons in 2016, rising by 14% against the previous year's figure. The total import volume increased at an average annual rate of +4.9% from 2012 to 2016; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, other chemical products imports shrank modestly to $X in 2016. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 5.9% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2016, imports remained at a lower figure.

Imports by Country

South Korea (X tons), Taiwan (Chinese) (X tons) and Japan (X tons) were the main suppliers of other chemical products imports to China, with a combined 44% share of total imports. Vietnam, Germany, Malaysia, the United States, Thailand, Canada, South Africa, Singapore, Indonesia and Turkey lagged somewhat behind, together comprising a further 43%.

From 2012 to 2016, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +45.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and Taiwan (Chinese) ($X) were the largest other chemical products suppliers to China, with a combined 63% share of total imports. The United States, Germany, Singapore, Malaysia, Canada, Thailand, Vietnam, Indonesia, South Africa and Turkey lagged somewhat behind, together accounting for a further 28%.

Canada, with a CAGR of +55.0%, recorded the highest growth rate of 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

The average other chemical products import price stood at $X per ton in 2016, falling by -14.8% against the previous year. Overall, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by 1.3%. The import price peaked at $X per ton in 2012; however, from 2013 to 2016, import prices failed to regain momentum.

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

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Turkey (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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