Eastern Asia: Sulphonamides Market 2024

Sulphonamides Market Size in Eastern Asia

The East Asian sulphonamides market fell slightly to $X in 2021, reducing by -2.7% against the previous year. In general, consumption, however, continues to indicate buoyant growth. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Sulphonamides Production in Eastern Asia

In value terms, sulphonamides production rose slightly to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 45%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2021.

Sulphonamides Exports

Exports in Eastern Asia

In 2021, overseas shipments of sulphonamides increased by 20% to X tons, rising for the second year in a row after three years of decline. In general, exports showed a relatively flat trend pattern. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, sulphonamides exports rose notably to $X in 2021. The total export value increased at an average annual rate of +3.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 15%. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

Exports by Country

China was the largest exporting country with an export of about X tons, which finished at 89% of total exports. It was distantly followed by South Korea (X tons), creating a 10% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of sulphonamides. South Korea experienced a relatively flat trend pattern. China (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest sulphonamides supplier in Eastern Asia, comprising 87% of total exports. The second position in the ranking was taken by South Korea ($X), with a 5.2% share of total exports.

In China, sulphonamides exports expanded at an average annual rate of +5.4% over the period from 2012-2021.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, dropping by -4.9% against the previous year. Export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sulphonamides export price increased by +60.5% against 2014 indices. The pace of growth was the most pronounced in 2018 an increase of 16%. The level of export peaked at $X per ton in 2020, and then contracted in the following year.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while South Korea amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+12.7%).

Sulphonamides Imports

Imports in Eastern Asia

In 2021, approx. X tons of sulphonamides were imported in Eastern Asia; picking up by 28% against 2020. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +49.1% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sulphonamides imports shrank rapidly to $X in 2021. Total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -22.3% against 2019 indices. The growth pace was the most rapid in 2019 when imports increased by 44% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China was the key importer of sulphonamides in Eastern Asia, with the volume of imports amounting to X tons, which was approx. 50% of total imports in 2021. South Korea (X tons) took a 25% share (based on physical terms) of total imports, which put it in second place, followed by Japan (19%) and Taiwan (Chinese) (5.7%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of +16.1%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, China ($X), Japan ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2021, together comprising 97% of total imports.

China, with a CAGR of +15.4%, 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, with a decrease of -33.7% against the previous year. Overall, the import price saw a noticeable decline. The pace of growth was the most pronounced in 2019 when the import price increased by 30% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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