Eastern Asia: Thiosulphates Market 2024

Thiosulphates Market Size in Eastern Asia

The East Asian thiosulphates market fell modestly to $X in 2021, approximately mirroring the previous year. Over the period under review, consumption saw a slight downturn. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Thiosulphates Production in Eastern Asia

In value terms, thiosulphates production dropped to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 37% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Thiosulphates Exports

Exports in Eastern Asia

In 2021, approx. X tons of thiosulphates were exported in Eastern Asia; increasing by 5.9% compared with 2020 figures. Total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +74.3% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 42% 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 near future.

In value terms, thiosulphates exports soared to $X in 2021. Overall, exports recorded a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 43% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in years to come.

Exports by Country

The shipments of the one major exporters of thiosulphates, namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the thiosulphates exports, with a CAGR of +5.2% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest thiosulphates supplier in Eastern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +9.6%.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, surging by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2020 an increase of 27% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in years to come.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +4.2% per year.

Thiosulphates Imports

Imports in Eastern Asia

Thiosulphates imports soared to X tons in 2021, rising by 20% against the previous year. Total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, thiosulphates imports surged to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +37.8% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan (X tons) and Taiwan (Chinese) (X tons) dominates imports structure, together achieving 91% of total imports. It was distantly followed by South Korea (X tons), constituting a 7.5% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by South Korea (with a CAGR of +11.7%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, South Korea ($X) constitutes the largest market for imported thiosulphates in Eastern Asia, comprising 60% of total imports. The second position in the ranking was taken by Japan ($X), with a 24% share of total imports.

From 2012 to 2021, the average annual growth rate of value in South Korea totaled +10.8%. In the other countries, the average annual rates were as follows: Japan (+3.3% per year) and Taiwan (Chinese) (+4.3% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, picking up by 20% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.7%. The pace of growth was the most pronounced in 2014 an increase of 38%. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, 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 Japan (+3.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :