China: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in China

The Chinese reaction initiators and accelerators market was estimated at $X in 2022, stabilizing at the previous year. Over the period under review, consumption posted a prominent increase. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in China

In value terms, reaction initiators and accelerators production stood at $X in 2022 estimated in export price. Over the period under review, production saw a buoyant expansion. The pace of growth was the most pronounced in 2016 with an increase of 101%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from China

For the fifth consecutive year, China recorded growth in shipments abroad of reaction initiators, reaction accelerators and catalytic preparations, which increased by 9.6% to X tons in 2022. Overall, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 27%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, reaction initiators and accelerators exports totaled $X in 2022. In general, exports saw a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by 50% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons), South Korea (X tons) and Venezuela (X tons) were the main destinations of reaction initiators and accelerators exports from China, with a combined 29% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Venezuela (with a CAGR of +113.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), South Korea ($X) and Russia ($X) were the largest markets for reaction initiators and accelerators exported from China worldwide, with a combined 29% share of total exports.

Russia, with a CAGR of +101.6%, saw the highest rates of growth with regard to the value of exports, among 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

The average reaction initiators and accelerators export price stood at $X per ton in 2022, rising by 3% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 18%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into China

In 2022, purchases abroad of reaction initiators, reaction accelerators and catalytic preparations decreased by -10.9% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 14% against the previous year. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, reaction initiators and accelerators imports shrank to $X in 2022. In general, imports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2017 when imports increased by 32% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of reaction initiators and accelerators to China, accounting for a 45% share of total imports. Moreover, reaction initiators and accelerators imports from the United States exceeded the figures recorded by the second-largest supplier, Japan (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+2.3% per year) and Germany (+1.2% per year).

In value terms, the United States ($X) constituted the largest supplier of reaction initiators, reaction accelerators and catalytic preparations to China, comprising 39% of total imports. The second position in the ranking was held by Japan ($X), with a 15% share of total imports. It was followed by Italy, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+5.1% per year) and Italy (+17.3% per year).

Import Prices by Country

In 2022, the average reaction initiators and accelerators import price amounted to $X per ton, growing by 6% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, reaction initiators and accelerators import price increased by +95.6% against 2016 indices. The pace of growth appeared the most rapid in 2017 an increase of 22% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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