Global Chlorides Market 2024

Chlorides Market Size

In 2021, the global chlorides market increased by 1.5% to $X, rising for the fifth consecutive year after two years of decline. Overall, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +54.9% against 2016 indices. Over the period under review, the global market hit record highs in 2021 and is expected to retain growth in the near future.

Chlorides Production

In value terms, chlorides production reduced modestly to $X in 2021 estimated in export price. Over the period under review, the total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +52.6% against 2015 indices. The growth pace was the most rapid in 2019 when the production volume increased by 27%. Global production peaked at $X in 2020, and then dropped slightly in the following year.

Chlorides Exports

Exports

In 2021, overseas shipments of chlorides (excluding ammonium chloride) increased by 3% to X tons, rising for the fifth consecutive year after two years of decline. The total export volume increased at an average annual rate of +3.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 22% against the previous year. The global exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, chlorides exports surged to $X in 2021. In general, total exports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons) represented the major exporter of chlorides (excluding ammonium chloride), creating 33% of total exports. It was distantly followed by Germany (X tons), India (X tons), the Netherlands (X tons), Belgium (X tons), Finland (X tons) and the United States (X tons), together achieving a 39% share of total exports. The following exporters - France (X tons), Sweden (X tons), Austria (X tons), Spain (X tons), Mexico (X tons) and Italy (X tons) - together made up 16% of total exports.

From 2012 to 2021, average annual rates of growth with regard to chlorides exports from China stood at +3.7%. At the same time, India (+14.1%), Austria (+11.9%), Spain (+10.0%), France (+8.4%), Belgium (+7.4%), Germany (+3.7%), the Netherlands (+3.4%), Italy (+3.4%), Sweden (+2.9%) and Finland (+2.8%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +14.1% from 2012-2021. Mexico experienced a relatively flat trend pattern. By contrast, the United States (-3.5%) illustrated a downward trend over the same period. India (+3.8 p.p.) and Belgium (+1.5 p.p.) significantly strengthened its position in terms of the global exports, while the United States saw its share reduced by -4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest chlorides supplying countries worldwide were China ($X), the United States ($X) and Germany ($X), with a combined 44% share of global exports. France, India, Belgium, the Netherlands, Spain, Finland, Italy, Sweden, Austria and Mexico lagged somewhat behind, together accounting for a further 33%.

France, with a CAGR of +13.7%, saw 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

In 2021, the average chlorides export price amounted to $X per ton, jumping by 23% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.8%), while the other global leaders experienced more modest paces of growth.

Chlorides Imports

Imports

In 2021, supplies from abroad of chlorides (excluding ammonium chloride) decreased by -4.5% to X tons, falling for the third consecutive year after two years of growth. The total import volume increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2018 when imports increased by 16% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of global imports failed to regain momentum.

In value terms, chlorides imports surged to $X in 2021. The total import value increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when imports increased by 21% against the previous year. Over the period under review, global imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, the United States (X tons), Germany (X tons), Canada (X tons), France (X tons), Belgium (X tons), Sweden (X tons), Japan (X tons), the Netherlands (X tons), Saudi Arabia (X tons), India (X tons), Italy (X tons) and Thailand (X tons) was the key importer of chlorides (excluding ammonium chloride) in the world, creating 57% of total import. Malaysia (X tons) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +18.1%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), Japan ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2021, with a combined 23% share of global imports. France, Canada, the Netherlands, Italy, India, Saudi Arabia, Belgium, Malaysia, Thailand and Sweden lagged somewhat behind, together comprising a further 29%.

India, with a CAGR of +9.0%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average chlorides import price amounted to $X per ton, jumping by 23% against the previous year. Over the last nine years, it increased at an average annual rate of +1.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Japan ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+6.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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