Southern Asia: Chlorosulphuric Acid Market 2024

Chlorosulphuric Acid Market Size in Southern Asia

The South Asian chlorosulphuric acid market dropped sharply to $X in 2022, with a decrease of -77.5% against the previous year. Overall, consumption recorded a sharp shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Chlorosulphuric Acid Production in Southern Asia

In value terms, chlorosulphuric acid production declined slightly to $X in 2022 estimated in export price. The total production indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 105%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Chlorosulphuric Acid Exports

Exports in Southern Asia

In 2022, chlorosulphuric acid exports in Southern Asia soared to X tons, jumping by 69% against 2021 figures. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 13,108%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, chlorosulphuric acid exports soared to $X in 2022. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 16,748%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The biggest shipments were from India (X tons), together amounting to 100% of total export.

India was also the fastest-growing in terms of the chlorosulphuric acid exports, with a CAGR of +87.9% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest chlorosulphuric acid supplier in Southern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to +89.4%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, shrinking by -14.4% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 29% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +0.8% per year.

Chlorosulphuric Acid Imports

Imports in Southern Asia

In 2022, supplies from abroad of chlorosulphuric acid increased by 112% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2015 with an increase of 169%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, chlorosulphuric acid imports dropped to $X in 2022. Overall, imports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by 157% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) represented the main importer of chlorosulphuric acid, mixing up 59% of total imports. Pakistan (X tons) held a 27% share (based on physical terms) of total imports, which put it in second place, followed by Maldives (9.1%). Nepal (X kg) held a relatively small share of total imports.

India was also the fastest-growing in terms of the chlorosulphuric acid imports, with a CAGR of +117.1% from 2012 to 2022. Maldives experienced a relatively flat trend pattern. Nepal (-18.0%) and Pakistan (-24.0%) illustrated a downward trend over the same period. India (+59 p.p.) and Maldives (+7.4 p.p.) significantly strengthened its position in terms of the total imports, while Nepal and Pakistan saw its share reduced by -1.5% and -62% from 2012 to 2022, respectively.

In value terms, India ($X) constitutes the largest market for imported chlorosulphuric acid in Southern Asia, comprising 72% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 16% share of total imports. It was followed by Maldives, with a 9.2% share.

In India, chlorosulphuric acid imports expanded at an average annual rate of +72.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (-26.3% per year) and Maldives (+22.0% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, dropping by -54.9% against the previous year. In general, the import price, however, enjoyed a temperate increase. The most prominent rate of growth was recorded in 2021 an increase of 249%. As a result, import price reached the peak level of $X per ton, and then shrank sharply in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Maldives (+21.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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