Eastern Asia: Peroxosulphates Market 2024

Peroxosulphates Market Size in Eastern Asia

In 2021, after three years of growth, there was significant decline in the East Asian peroxosulphates market, when its value decreased by -24.5% to $X. Over the period under review, consumption showed a noticeable decline. 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.

Peroxosulphates Production in Eastern Asia

In value terms, peroxosulphates production totaled $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 15%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Peroxosulphates Exports

Exports in Eastern Asia

After three years of decline, shipments abroad of peroxosulphates (persulphates) increased by 17% to X tons in 2021. The total export volume increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 59% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, peroxosulphates exports soared to $X in 2021. The total export value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the key exporting country with an export of about X tons, which finished at 68% of total exports. It was distantly followed by Japan (X tons), making up a 28% share of total exports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +1.0% from 2012 to 2021. At the same time, Japan (+5.5%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +5.5% from 2012-2021. Taiwan (Chinese) experienced a relatively flat trend pattern. Japan (+7.4 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -6.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest peroxosulphates supplier in Eastern Asia, comprising 67% of total exports. The second position in the ranking was held by Japan ($X), with a 27% share of total exports.

In China, peroxosulphates exports increased at an average annual rate of +3.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+4.5% per year) and Taiwan (Chinese) (-0.4% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, picking up by 22% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.5%), while the other leaders experienced a decline in the export price figures.

Peroxosulphates Imports

Imports in Eastern Asia

In 2021, the amount of peroxosulphates (persulphates) imported in Eastern Asia dropped to X tons, which is down by -12% on 2020. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 11% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, peroxosulphates imports shrank to $X in 2021. The total import value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2017 when imports increased by 19%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

South Korea (X tons) and Taiwan (Chinese) (X tons) dominates imports structure, together constituting 91% of total imports. It was distantly followed by China (X tons), constituting a 5.3% share of total imports. Japan (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of +5.6%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest peroxosulphates importing markets in Eastern Asia were South Korea ($X), Taiwan (Chinese) ($X) and China ($X), together comprising 95% of total imports.

China, with a CAGR of +6.5%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, with an increase of 5.9% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2017 when the import price increased by 6.8%. Over the period under review, import prices hit record highs in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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