Global Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size

The global halogenated hydrocarbon derivative market rose markedly to $X in 2022, picking up by 5.6% against the previous year. In general, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +77.0% against 2013 indices. Global consumption peaked in 2022 and is likely to see steady growth in the near future.

Halogenated Hydrocarbon Derivative Production

In value terms, halogenated hydrocarbon derivative production expanded modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.3% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 23% against the previous year. Over the period under review, global production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Halogenated Hydrocarbon Derivative Exports

Exports

In 2022, global exports of halogenated derivatives of hydrocarbons dropped to X tons, with a decrease of -4.7% compared with 2021. Overall, total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.3% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 19% against the previous year. Over the period under review, the global exports hit record highs at X tons in 2021, and then reduced modestly in the following year.

In value terms, halogenated hydrocarbon derivative exports rose slightly to $X in 2022. Over the period under review, total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 47%. Over the period under review, the global exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, the United States (X tons), distantly followed by Japan (X tons), Germany (X tons), China (X tons), Belgium (X tons), Qatar (X tons), Saudi Arabia (X tons), South Korea (X tons), Taiwan (Chinese) (X tons) and Indonesia (X tons) represented the major exporters of halogenated derivatives of hydrocarbons, together comprising 87% of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of halogenated derivatives of hydrocarbons. At the same time, Qatar (+20.5%), Belgium (+9.6%), Taiwan (Chinese) (+8.6%), Japan (+6.1%), Saudi Arabia (+6.1%), China (+5.8%), South Korea (+4.0%), Indonesia (+3.1%) and Germany (+2.0%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing exporter exported in the world, with a CAGR of +20.5% from 2012-2022. Qatar (+5.9 p.p.), Belgium (+2.9 p.p.), Japan (+1.9 p.p.) and Taiwan (Chinese) (+1.7 p.p.) significantly strengthened its position in terms of the global exports, while Germany and the United States saw its share reduced by -2.4% and -9.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest halogenated hydrocarbon derivative supplying countries worldwide were China ($X), the United States ($X) and Japan ($X), together accounting for 54% of global exports. Germany, Belgium, Indonesia, South Korea, Qatar, Taiwan (Chinese) and Saudi Arabia lagged somewhat behind, together accounting for a further 26%.

Qatar, with a CAGR of +40.8%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average halogenated hydrocarbon derivative export price stood at $X per ton in 2022, with an increase of 9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2021 an increase of 35% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+16.9%), while the other global leaders experienced more modest paces of growth.

Halogenated Hydrocarbon Derivative Imports

Imports

Global halogenated hydrocarbon derivative imports shrank to X tons in 2022, which is down by -9.7% on the previous year. The total import volume increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 11%. Over the period under review, global imports attained the maximum at X tons in 2021, and then dropped in the following year.

In value terms, halogenated hydrocarbon derivative imports totaled $X in 2022. In general, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 43%. Over the period under review, global imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, India (X tons) and China (X tons) were the largest importers of halogenated derivatives of hydrocarbonsacross the globe, together amounting to approx. 27% of total imports. Mexico (X tons) took the next position in the ranking, followed by Thailand (X tons), Colombia (X tons), France (X tons) and Vietnam (X tons). All these countries together took approx. 25% share of total imports. The Netherlands (X tons), Germany (X tons), Taiwan (Chinese) (X tons), the United States (X tons), Spain (X tons) and Canada (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +43.8%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest halogenated hydrocarbon derivative importing markets worldwide were India ($X), China ($X) and the United States ($X), together accounting for 27% of global imports.

In terms of the main importing countries, India, with a CAGR of +10.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average halogenated hydrocarbon derivative import price amounted to $X per ton, growing by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2021 when the average import price increased by 31% against the previous year. Global import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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