South-Eastern Asia: Chlorosulphuric Acid Market 2024

Chlorosulphuric Acid Market Size in South-Eastern Asia

The Southeast Asian chlorosulphuric acid market totaled $X in 2022, growing by 15% against the previous year. Over the period under review, consumption saw a abrupt descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Chlorosulphuric Acid Production in South-Eastern Asia

In value terms, chlorosulphuric acid production reduced to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 39%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Chlorosulphuric Acid Exports

Exports in South-Eastern Asia

In 2022, approx. X tons of chlorosulphuric acid were exported in South-Eastern Asia; falling by -27.9% against 2021. Overall, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2017 with an increase of 379% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, chlorosulphuric acid exports dropped significantly to $X in 2022. In general, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 393%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia dominates exports structure, finishing at X tons, which was approx. 95% of total exports in 2022. It was distantly followed by the Philippines (X kg), achieving a 4.6% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to chlorosulphuric acid exports from Malaysia stood at -7.5%. The Philippines experienced a relatively flat trend pattern. From 2012 to 2022, the share of Malaysia and the Philippines increased by +20 and +4.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest chlorosulphuric acid supplier in South-Eastern Asia, comprising 93% of total exports. The second position in the ranking was held by the Philippines ($X), with a 5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Malaysia stood at -11.1%.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, which is down by -6.5% against the previous year. Overall, the export price saw a pronounced contraction. The pace of growth was the most pronounced in 2016 when the export price increased by 94%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Malaysia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-3.9%).

Chlorosulphuric Acid Imports

Imports in South-Eastern Asia

In 2022, imports of chlorosulphuric acid in South-Eastern Asia skyrocketed to X tons, surging by 46% compared with the previous year's figure. Over the period under review, imports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 699% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, chlorosulphuric acid imports skyrocketed to $X in 2022. Overall, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Lao People's Democratic Republic (X tons) and Singapore (X tons) dominates imports structure, together committing 73% of total imports. Indonesia (X tons) took a 9.4% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (7.6%) and the Philippines (5.5%). Malaysia (X kg) and Brunei Darussalam (X kg) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Indonesia (with a CAGR of +36.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported chlorosulphuric acid in South-Eastern Asia, comprising 98% of total imports. The second position in the ranking was held by Brunei Darussalam ($X), with a 0.6% share of total imports. It was followed by Indonesia, with a 0.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore was relatively modest. In the other countries, the average annual rates were as follows: Brunei Darussalam (+16.8% per year) and Indonesia (+9.3% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, jumping by 3,510% against the previous year. Overall, the import price continues to indicate a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+32.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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