China: Trichloroethylene And Tetrachloroethylene Market 2024

Trichloroethylene And Tetrachloroethylene Market Size in China

The Chinese trichloroethylene and tetrachloroethylene market surged to $X in 2021, with an increase of 32% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted a significant increase. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Trichloroethylene And Tetrachloroethylene Exports

Exports from China

In 2021, exports of trichloroethylene and tetrachloroethylene (perchloroethylene) from China surged to X tons, picking up by 23% compared with the previous year. In general, total exports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -19.8% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 56%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, trichloroethylene and tetrachloroethylene exports surged to $X in 2021. Over the period under review, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons), India (X tons) and Turkey (X tons) were the main destinations of trichloroethylene and tetrachloroethylene exports from China, with a combined 47% share of total exports. These countries were followed by the UK, Brazil, Pakistan, the United States, South Korea, Indonesia, South Africa, Thailand, Vietnam and Saudi Arabia, which together accounted for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +54.0%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), India ($X) and Turkey ($X) were the largest markets for trichloroethylene and tetrachloroethylene exported from China worldwide, together accounting for 44% of total exports. These countries were followed by the UK, Brazil, Pakistan, South Korea, the United States, Indonesia, Thailand, South Africa, Vietnam and Saudi Arabia, which together accounted for a further 41%.

The UK, with a CAGR of +56.2%, recorded the highest rates of growth with regard to 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

The average trichloroethylene and tetrachloroethylene export price stood at $X per ton in 2021, surging by 73% against the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Indonesia ($X per ton) and South Korea ($X per ton), while the average price for exports to Turkey ($X per ton) and South Africa ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Trichloroethylene And Tetrachloroethylene Imports

Imports into China

In 2021, the amount of trichloroethylene and tetrachloroethylene (perchloroethylene) imported into China skyrocketed to X tons, picking up by 22% on 2020 figures. In general, imports saw a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by 104% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, trichloroethylene and tetrachloroethylene imports skyrocketed to $X in 2021. Overall, imports saw a strong expansion. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest trichloroethylene and tetrachloroethylene supplier to China, with a 86% share of total imports. Moreover, trichloroethylene and tetrachloroethylene imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +22.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.4% per year) and Japan (+4.5% per year).

In value terms, Germany ($X) constituted the largest supplier of trichloroethylene and tetrachloroethylene (perchloroethylene) to China, comprising 81% of total imports. The second position in the ranking was held by the United States ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.3% per year) and Japan (+1.2% per year).

Import Prices by Country

In 2021, the average trichloroethylene and tetrachloroethylene import price amounted to $X per ton, growing by 18% against the previous year. Over the period under review, the import price, however, saw a abrupt slump. The pace of growth was the most pronounced in 2016 when the average import price increased by 51%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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