China: Propellant Powders Market 2024

Propellant Powders Market Size in China

The Chinese propellant powders market shrank slightly to $X in 2021, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Propellant powders consumption peaked at $X in 2018; afterwards, it flattened through to 2021.

Propellant Powders Production in China

In value terms, propellant powders production reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 29%. Propellant powders production peaked at $X in 2018; afterwards, it flattened through to 2021.

Propellant Powders Exports

Exports from China

In 2021, shipments abroad of propellant powders was finally on the rise to reach X tons after three years of decline. Over the period under review, exports recorded a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of 93%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, propellant powders exports skyrocketed to $X in 2021. Overall, exports recorded a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 84% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for propellant powders exports from China, with a 72% share of total exports. Moreover, propellant powders exports to Japan exceeded the volume sent to the second major destination, South Korea (X tons), sixfold. Thailand (X tons) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan totaled +38.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+51.6% per year) and Thailand (+14.8% per year).

In value terms, Japan ($X) remains the key foreign market for propellant powders exports from China, comprising 68% of total exports. The second position in the ranking was taken by South Korea ($X), with an 11% share of total exports. It was followed by the United States, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value to Japan totaled +31.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+40.2% per year) and the United States (-12.4% per year).

Export Prices by Country

The average propellant powders export price stood at $X per ton in 2021, with a decrease of -12.1% against the previous year. Overall, the export price recorded a pronounced setback. The pace of growth appeared the most rapid in 2018 when the average export price increased by 15% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Korea ($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 the United States (+1.7%), while the prices for the other major destinations experienced a decline.

Propellant Powders Imports

Imports into China

In 2021, purchases abroad of propellant powders was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. In general, imports, however, showed a deep setback. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, propellant powders imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a abrupt setback. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), the United States (X tons) and the Czech Republic (X tons) were the main suppliers of propellant powders imports to China, together accounting for 81% of total imports. These countries were followed by Japan and Switzerland, which together accounted for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +127.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest propellant powders suppliers to China were the United States ($X), Germany ($X) and the Czech Republic ($X), with a combined 79% share of total imports. Japan and Switzerland lagged somewhat behind, together comprising a further 20%.

Switzerland, with a CAGR of +177.8%, 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

In 2021, the average propellant powders import price amounted to $X per ton, rising by 17% against the previous year. In general, the import price posted a strong expansion. The most prominent rate of growth was recorded in 2017 an increase of 23%. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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