Eastern Asia: Trichloroethylene And Tetrachloroethylene Market 2024

Trichloroethylene And Tetrachloroethylene Market Size in Eastern Asia

The East Asian trichloroethylene and tetrachloroethylene market expanded notably to $X in 2021, with an increase of 14% against the previous year. The total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +38.0% against 2019 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Trichloroethylene And Tetrachloroethylene Production in Eastern Asia

In value terms, trichloroethylene and tetrachloroethylene production reached $X in 2021 estimated in export price. Over the period under review, production, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2014 when the production volume increased by 3.4%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Trichloroethylene And Tetrachloroethylene Exports

Exports in Eastern Asia

In 2021, approx. X tons of trichloroethylene and tetrachloroethylene (perchloroethylene) were exported in Eastern Asia; with an increase of 23% compared with 2020 figures. The total export volume increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when exports increased by 26%. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, trichloroethylene and tetrachloroethylene exports soared to $X in 2021. Total exports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons) and Japan (X tons) represented the key exporter of trichloroethylene and tetrachloroethylene (perchloroethylene) in Eastern Asia, generating 98% of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by China (with a CAGR of +3.0%).

In value terms, China ($X) remains the largest trichloroethylene and tetrachloroethylene supplier in Eastern Asia, comprising 66% of total exports. The second position in the ranking was held by Japan ($X), with a 32% share of total exports.

In China, trichloroethylene and tetrachloroethylene exports increased at an average annual rate of +5.6% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, increasing by 49% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while Japan totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.5%).

Trichloroethylene And Tetrachloroethylene Imports

Imports in Eastern Asia

In 2021, the amount of trichloroethylene and tetrachloroethylene (perchloroethylene) imported in Eastern Asia surged to X tons, rising by 18% compared with 2020 figures. Overall, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 61%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, trichloroethylene and tetrachloroethylene imports soared to $X in 2021. Total imports indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

China prevails in imports structure, accounting for X tons, which was approx. 92% of total imports in 2021. It was distantly followed by South Korea (X tons), making up a 7.1% share of total imports.

China was also the fastest-growing in terms of the trichloroethylene and tetrachloroethylene (perchloroethylene) imports, with a CAGR of +16.0% from 2012 to 2021. South Korea (-7.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +37 percentage points.

In value terms, China ($X) constitutes the largest market for imported trichloroethylene and tetrachloroethylene (perchloroethylene) in Eastern Asia, comprising 84% of total imports. The second position in the ranking was taken by South Korea ($X), with a 14% share of total imports.

In China, trichloroethylene and tetrachloroethylene imports expanded at an average annual rate of +9.5% over the period from 2012-2021.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, surging by 18% against the previous year. Over the period under review, the import price, however, saw a deep slump. The pace of growth was the most pronounced in 2016 an increase of 35% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-3.0%).

Source: IndexBox Platform

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