Eastern Asia: Market for Inorganic Oxygen Compounds Of Non-Metals 2025

Market Size for Inorganic Oxygen Compounds Of Non-Metals in Eastern Asia

In 2021, the East Asian market for inorganic oxygen compounds of non-metals decreased by -6% to $X for the first time since 2017, thus ending a three-year rising trend. The total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +78.9% against 2017 indices. Over the period under review, the market reached the peak level at $X in 2020, and then contracted in the following year.

Production of Inorganic Oxygen Compounds Of Non-Metals in Eastern Asia

In value terms, inorganic oxygen compounds of non-metals production contracted to $X in 2021 estimated in export price. The total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +82.1% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 51%. Over the period under review, production hit record highs at $X in 2020, and then contracted in the following year.

Exports of Inorganic Oxygen Compounds Of Non-Metals

Exports in Eastern Asia

Inorganic oxygen compounds of non-metals exports amounted to X tons in 2021, picking up by 13% compared with the year before. Over the period under review, exports recorded a strong increase. The pace of growth appeared the most rapid in 2018 when exports increased by 37%. The volume of export peaked in 2021 and is likely to see steady growth in the near future.

In value terms, inorganic oxygen compounds of non-metals exports skyrocketed to $X in 2021. Overall, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 109%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China dominates exports structure, accounting for X tons, which was approx. 84% of total exports in 2021. South Korea (X tons) held a 6.2% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (6%). The following exporters - Hong Kong SAR (X tons) and Japan (X tons) - each resulted at a 3.6% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to inorganic oxygen compounds of non-metals exports from China stood at +11.0%. At the same time, Taiwan (Chinese) (+24.0%), Hong Kong SAR (+13.2%), South Korea (+10.5%) and Japan (+1.8%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +24.0% from 2012-2021. From 2012 to 2021, the share of Taiwan (Chinese) increased by +3.7 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest inorganic oxygen compounds of non-metals supplier in Eastern Asia, comprising 47% of total exports. The second position in the ranking was held by Japan ($X), with a 22% share of total exports. It was followed by Taiwan (Chinese), with a 16% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +15.0%. In the other countries, the average annual rates were as follows: Japan (+0.4% per year) and Taiwan (Chinese) (+24.0% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, increasing by 6.7% against the previous year. Overall, the export price, however, saw a slight slump. The most prominent rate of growth was recorded in 2018 when the export price increased by 53%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+12.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Inorganic Oxygen Compounds Of Non-Metals

Imports in Eastern Asia

In 2021, the amount of inorganic oxygen compounds of non-metals imported in Eastern Asia soared to X tons, jumping by 28% compared with the previous year. In general, imports showed buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 112%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, inorganic oxygen compounds of non-metals imports soared to $X in 2021. Overall, imports enjoyed prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of 51% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Imports by Country

China (X tons) and Taiwan (Chinese) (X tons) represented roughly 71% of total imports in 2021. Hong Kong SAR (X tons) took the next position in the ranking, followed by South Korea (X tons) and Japan (X tons). All these countries together took approx. 29% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (with a CAGR of +23.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported inorganic oxygen compounds of non-metals in Eastern Asia, comprising 56% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 24% share of total imports. It was followed by South Korea, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +22.1%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+5.1% per year) and South Korea (-1.6% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, growing by 6.8% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 32%. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Hong Kong SAR ($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 (+2.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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