Eastern Asia: Peroxides Of Sodium Market 2024

Peroxides Of Sodium Market Size in Eastern Asia

After four years of growth, the East Asian peroxides of sodium market decreased by -2.6% to $X in 2021. In general, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Peroxides Of Sodium Production in Eastern Asia

In value terms, peroxides of sodium production stood at $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 8.2% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Peroxides Of Sodium Exports

Exports in Eastern Asia

In 2021, shipments abroad of peroxides of sodium or potassium was finally on the rise to reach X tons after two years of decline. Overall, exports saw a strong increase. The pace of growth appeared the most rapid in 2016 when exports increased by 2,503%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, peroxides of sodium exports surged to $X in 2021. Over the period under review, exports enjoyed slight growth. The most prominent rate of growth was recorded in 2016 with an increase of 179% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

In 2021, Taiwan (Chinese) (X tons) represented the largest exporter of peroxides of sodium or potassium, mixing up 65% of total exports. It was distantly followed by China (X tons), constituting a 30% share of total exports. Hong Kong SAR (X tons) and South Korea (X tons) took a relatively small share of total exports.

Exports from Taiwan (Chinese) increased at an average annual rate of +22.7% from 2012 to 2021. At the same time, Hong Kong SAR (+24.8%), South Korea (+9.8%) and China (+4.1%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +24.8% from 2012-2021. Taiwan (Chinese) (+46 p.p.) and Hong Kong SAR (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest peroxides of sodium supplier in Eastern Asia, comprising 76% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 17% share of total exports. It was followed by Taiwan (Chinese), with a 4.5% share.

In China, peroxides of sodium exports expanded at an average annual rate of +8.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Hong Kong SAR (+49.4% per year) and Taiwan (Chinese) (+9.0% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, picking up by 27% against the previous year. In general, the export price, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2017 when the export price increased by 530%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while Taiwan (Chinese) ($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 (+19.7%), while the other leaders experienced more modest paces of growth.

Peroxides Of Sodium Imports

Imports in Eastern Asia

In 2021, supplies from abroad of peroxides of sodium or potassium increased by 110% to X tons, rising for the third consecutive year after two years of decline. Overall, imports posted prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, peroxides of sodium imports surged to $X in 2021. Over the period under review, imports recorded resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) represented the key importer of peroxides of sodium or potassium, making up 65% of total imports. Japan (X tons) took a 21% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (7%) and South Korea (5.7%).

China was also the fastest-growing in terms of the peroxides of sodium or potassium imports, with a CAGR of +37.0% from 2012 to 2021. At the same time, Taiwan (Chinese) (+14.1%) and Japan (+7.8%) displayed positive paces of growth. By contrast, South Korea (-3.4%) illustrated a downward trend over the same period. While the share of China (+55 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Japan (-6.8 p.p.) and South Korea (-14.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest peroxides of sodium importing markets in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), with a combined 96% share of total imports.

China, with a CAGR of +35.4%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, waning by -18.6% against the previous year. Import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, peroxides of sodium import price decreased by -45.0% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the import price increased by 83% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+17.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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