Eastern Asia: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in Eastern Asia

In 2022, the East Asian halogenated hydrocarbon derivative market decreased by -1.9% to $X, falling for the second year in a row after three years of growth. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Halogenated Hydrocarbon Derivative Production in Eastern Asia

In value terms, halogenated hydrocarbon derivative production dropped modestly to $X in 2022 estimated in export price. The total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.8% 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 -1.3% against 2019 indices. The growth pace was the most rapid in 2016 when the production volume increased by 30%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Halogenated Hydrocarbon Derivative Exports

Exports in Eastern Asia

In 2022, the amount of halogenated derivatives of hydrocarbons exported in Eastern Asia declined modestly to X tons, falling by -4.3% on the previous year. Total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.1% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of 26%. Over the period under review, the exports attained the maximum at X tons in 2021, and then declined in the following year.

In value terms, halogenated hydrocarbon derivative exports rose modestly to $X in 2022. Total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 62%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, Japan (X tons) and China (X tons) were the key exporters of halogenated derivatives of hydrocarbons in Eastern Asia, together mixing up 68% of total exports. It was distantly followed by South Korea (X tons) and Taiwan (Chinese) (X tons), together mixing up a 32% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +8.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest halogenated hydrocarbon derivative supplier in Eastern Asia, comprising 58% of total exports. The second position in the ranking was taken by Japan ($X), with a 26% share of total exports. It was followed by South Korea, with an 8.8% share.

In China, halogenated hydrocarbon derivative exports increased at an average annual rate of +5.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (+7.0% per year) and South Korea (+11.6% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, surging by 6.3% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 41% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.3%), while the other leaders experienced mixed trends in the export price figures.

Halogenated Hydrocarbon Derivative Imports

Imports in Eastern Asia

In 2022, the amount of halogenated derivatives of hydrocarbons imported in Eastern Asia reduced to X tons, with a decrease of -9.9% against the previous year's figure. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 15% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, halogenated hydrocarbon derivative imports reduced modestly to $X in 2022. Total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 43%. As a result, imports attained the peak of $X, and then declined slightly in the following year.

Imports by Country

China was the main importer of halogenated derivatives of hydrocarbons in Eastern Asia, with the volume of imports resulting at X tons, which was approx. 61% of total imports in 2022. Taiwan (Chinese) (X tons) held a 17% share (based on physical terms) of total imports, which put it in second place, followed by Japan (12%) and South Korea (11%).

China experienced a relatively flat trend pattern with regard to volume of imports of halogenated derivatives of hydrocarbons. At the same time, Taiwan (Chinese) (+9.3%) and South Korea (+4.2%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +9.3% from 2012-2022. By contrast, Japan (-1.5%) illustrated a downward trend over the same period. Taiwan (Chinese) (+9.3 p.p.) and South Korea (+3.1 p.p.) significantly strengthened its position in terms of the total imports, while Japan and China saw its share reduced by -2.9% and -9.3% from 2012 to 2022, respectively.

In value terms, China ($X), Japan ($X) and South Korea ($X) were the countries with the highest levels of imports in 2022, together accounting for 88% of total imports. Taiwan (Chinese) lagged somewhat behind, comprising a further 12%.

In terms of the main importing countries, Taiwan (Chinese), with a CAGR of +6.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, rising by 6.1% against the previous year. Import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, halogenated hydrocarbon derivative import price increased by +99.2% against 2016 indices. The growth pace was the most rapid in 2021 an increase of 52% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+6.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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