China: Thiosulphates Market 2024

Thiosulphates Market Size in China

The Chinese thiosulphates market reduced to $X in 2021, with a decrease of -12.6% against the previous year. In general, consumption saw a perceptible reduction. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Thiosulphates Production in China

In value terms, thiosulphates production reduced to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 37% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Thiosulphates Exports

Exports from China

In 2021, approx. X tons of thiosulphates were exported from China; with an increase of 5.2% compared with the previous year's figure. In general, total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +73.3% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 42% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, thiosulphates exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 45%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons), South Korea (X tons) and Vietnam (X tons) were the main destinations of thiosulphates exports from China, together comprising 52% of total exports. Malaysia, Taiwan (Chinese), Thailand, Japan, Australia, Mexico, the United Arab Emirates, Indonesia, Cambodia and Djibouti lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2021, the biggest increases were recorded for Djibouti (with a CAGR of +163.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for thiosulphates exported from China were the United States ($X), Vietnam ($X) and South Korea ($X), together comprising 52% of total exports. These countries were followed by Thailand, Malaysia, Japan, Australia, Mexico, Taiwan (Chinese), the United Arab Emirates, Cambodia, Indonesia and Djibouti, which together accounted for a further 36%.

In terms of the main countries of destination, Djibouti, with a CAGR of +144.8%, 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 thiosulphates export price stood at $X per ton in 2021, with an increase of 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.2%. The pace of growth was the most pronounced in 2020 an increase of 28% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Mexico (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Thiosulphates Imports

Imports into China

In 2021, after two years of growth, there was significant decline in purchases abroad of thiosulphates, when their volume decreased by -16.9% to X tons. Overall, imports saw a noticeable downturn. The growth pace was the most rapid in 2019 with an increase of 84% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, thiosulphates imports declined sharply to $X in 2021. Over the period under review, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2019 with an increase of 21% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), South Korea (X tons) and Japan (X tons) were the main suppliers of thiosulphates imports to China, together comprising 74% of total imports. Norway, Singapore, Sri Lanka, India, the United States and France lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +264.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of thiosulphates to China, comprising 48% of total imports. The second position in the ranking was held by Japan ($X), with an 18% share of total imports. It was followed by India, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-10.7% per year) and India (+325.7% per year).

Import Prices by Country

In 2021, the average thiosulphates import price amounted to $X per ton, falling by -4.5% against the previous year. In general, the import price saw a noticeable reduction. The most prominent rate of growth was recorded in 2018 an increase of 56% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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