Southern Asia: Trichloroethylene And Tetrachloroethylene Market 2024

Trichloroethylene And Tetrachloroethylene Market Size in Southern Asia

The South Asian trichloroethylene and tetrachloroethylene market skyrocketed to $X in 2021, rising by 63% against the previous year. Overall, consumption showed a notable expansion. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Trichloroethylene And Tetrachloroethylene Production in Southern Asia

In value terms, trichloroethylene and tetrachloroethylene production fell to $X in 2021 estimated in export price. In general, production showed a pronounced downturn. The pace of growth appeared the most rapid in 2020 when the production volume increased by 26% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Trichloroethylene And Tetrachloroethylene Exports

Exports in Southern Asia

In 2021, shipments abroad of trichloroethylene and tetrachloroethylene (perchloroethylene) decreased by -56.9% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 257%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, trichloroethylene and tetrachloroethylene exports dropped notably to $X in 2021. Over the period under review, exports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of 134% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

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

India was also the fastest-growing in terms of the trichloroethylene and tetrachloroethylene (perchloroethylene) exports, with a CAGR of +17.3% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest trichloroethylene and tetrachloroethylene supplier in Southern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in India totaled +8.4%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, rising by 9.2% against the previous year. Over the period under review, the export price, however, recorded a deep reduction. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -7.6% per year.

Trichloroethylene And Tetrachloroethylene Imports

Imports in Southern Asia

In 2021, the amount of trichloroethylene and tetrachloroethylene (perchloroethylene) imported in Southern Asia soared to X tons, picking up by 23% compared with 2020 figures. Overall, imports enjoyed a pronounced expansion. The pace of growth appeared the most rapid in 2019 with an increase of 111% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, trichloroethylene and tetrachloroethylene imports surged to $X in 2021. In general, imports showed a pronounced increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) represented the major importer of trichloroethylene and tetrachloroethylene (perchloroethylene), committing 87% of total imports. It was distantly followed by Pakistan (X tons), achieving a 10% share of total imports. Bangladesh (X tons) took a little share of total imports.

Imports into India increased at an average annual rate of +5.5% from 2012 to 2021. At the same time, Bangladesh (+5.8%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +5.8% from 2012-2021. By contrast, Pakistan (-1.3%) illustrated a downward trend over the same period. While the share of India (+6.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Pakistan (-7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported trichloroethylene and tetrachloroethylene (perchloroethylene) in Southern Asia, comprising 80% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual growth rate of value in India stood at +3.6%. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (-0.4% per year) and Bangladesh (+1.8% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, jumping by 38% against the previous year. Overall, the import price, however, recorded a mild setback. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Pakistan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+1.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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