South-Eastern Asia: Peroxosulphates Market 2024

Peroxosulphates Market Size in South-Eastern Asia

The Southeast Asian peroxosulphates market surged to $X in 2021, increasing by 34% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.7% 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 +46.9% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Peroxosulphates Production in South-Eastern Asia

In value terms, peroxosulphates production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2017 when the production volume increased by 13%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Peroxosulphates Exports

Exports in South-Eastern Asia

In 2021, approx. X tons of peroxosulphates (persulphates) were exported in South-Eastern Asia; reducing by -10.7% on the previous year's figure. Overall, exports, however, saw a buoyant expansion. The growth pace was the most rapid in 2019 when exports increased by 223%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, peroxosulphates exports declined to $X in 2021. In general, exports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of 184%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Singapore represented the key exporting country with an export of about X tons, which amounted to 63% of total exports. It was distantly followed by Vietnam (X tons) and Thailand (X tons), together making up a 33% share of total exports. Indonesia (X tons) and Malaysia (X tons) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to peroxosulphates exports from Singapore stood at +5.4%. At the same time, Vietnam (+35.3%), Thailand (+10.6%) and Indonesia (+1.2%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +35.3% from 2012-2021. By contrast, Malaysia (-8.1%) illustrated a downward trend over the same period. While the share of Vietnam (+21 p.p.) and Thailand (+1.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Indonesia (-2.1 p.p.), Malaysia (-5 p.p.) and Singapore (-15.9 p.p.) displayed negative dynamics.

In value terms, Singapore ($X) remains the largest peroxosulphates supplier in South-Eastern Asia, comprising 70% of total exports. The second position in the ranking was held by Vietnam ($X), with a 20% share of total exports. It was followed by Thailand, with a 6.4% share.

In Singapore, peroxosulphates exports increased at an average annual rate of +6.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Vietnam (+36.4% per year) and Thailand (+8.1% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, remaining stable against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the export price increased by 11% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Malaysia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+5.6%), while the other leaders experienced more modest paces of growth.

Peroxosulphates Imports

Imports in South-Eastern Asia

In 2021, the amount of peroxosulphates (persulphates) imported in South-Eastern Asia skyrocketed to X tons, growing by 25% on the previous year's figure. Total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +6.9% 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 +29.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, peroxosulphates imports surged to $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +9.0% 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 +37.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of peroxosulphates imports in 2021 were Thailand (X tons), Vietnam (X tons) and Indonesia (X tons), together accounting for 76% of total import. It was distantly followed by Malaysia (X tons) and Singapore (X tons), together making up a 22% share of total imports. The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +17.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest peroxosulphates importing markets in South-Eastern Asia were Thailand ($X), Vietnam ($X) and Indonesia ($X), together accounting for 77% of total imports.

Among the main importing countries, Vietnam, with a CAGR of +18.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, increasing by 3.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2015 when the import price increased by 6% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Vietnam ($X per ton) and Thailand ($X per ton), while Indonesia ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+10.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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