Global Trichloroethylene And Tetrachloroethylene Market 2024

Trichloroethylene And Tetrachloroethylene Market Size

In 2021, the global trichloroethylene and tetrachloroethylene market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Global consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Trichloroethylene And Tetrachloroethylene Production

In value terms, trichloroethylene and tetrachloroethylene production stood at $X in 2021 estimated in export price. Over the period under review, production showed a perceptible descent. The pace of growth was the most pronounced in 2017 with an increase of 2% against the previous year. Global production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Trichloroethylene And Tetrachloroethylene Exports

Exports

In 2021, after two years of decline, there was significant growth in shipments abroad of trichloroethylene and tetrachloroethylene (perchloroethylene), when their volume increased by 7.8% to X tons. In general, exports, however, recorded a mild decline. The most prominent rate of growth was recorded in 2017 with an increase of 14% against the previous year. The global exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, trichloroethylene and tetrachloroethylene exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a abrupt descent. Over the period under review, the global exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Germany represented the largest exporting country with an export of around X tons, which amounted to 40% of total exports. The United States (X tons) held a 15% share (based on physical terms) of total exports, which put it in second place, followed by China (12%), Japan (8.5%), France (8.2%) and the Czech Republic (5.2%). Belgium (X tons) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to trichloroethylene and tetrachloroethylene exports from Germany stood at +1.0%. At the same time, the Czech Republic (+5.4%) and China (+3.0%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in the world, with a CAGR of +5.4% from 2012-2021. Japan experienced a relatively flat trend pattern. By contrast, France (-1.1%), the United States (-5.4%) and Belgium (-5.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Germany, China and the Czech Republic increased by +7.1, +3.6 and +2.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), the United States ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 61% share of global exports.

In terms of the main exporting countries, China, with a CAGR of +5.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the average trichloroethylene and tetrachloroethylene export price amounted to $X per ton, growing by 20% against the previous year. In general, the export price, however, saw a noticeable decline. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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 China ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.5%), while the other global leaders experienced a decline in the export price figures.

Trichloroethylene And Tetrachloroethylene Imports

Imports

In 2021, overseas purchases of trichloroethylene and tetrachloroethylene (perchloroethylene) increased by 21% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 34% against the previous year. Over the period under review, global imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, trichloroethylene and tetrachloroethylene imports soared to $X in 2021. In general, imports, however, recorded a noticeable curtailment. Over the period under review, global imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) represented the key importer of trichloroethylene and tetrachloroethylene (perchloroethylene), generating 34% of total imports. The United States (X tons) ranks second in terms of the total imports with a 9.1% share, followed by India (6.9%) and Belgium (6.7%). Russia (X tons), the Netherlands (X tons), Turkey (X tons), Italy (X tons), South Korea (X tons), Germany (X tons), the UK (X tons), Mexico (X tons) and Brazil (X tons) took a little share of total imports.

China was also the fastest-growing in terms of the trichloroethylene and tetrachloroethylene (perchloroethylene) imports, with a CAGR of +16.0% from 2012 to 2021. At the same time, Russia (+8.0%), India (+5.5%), the United States (+5.5%), the Netherlands (+4.6%), Belgium (+2.6%) and Germany (+1.0%) displayed positive paces of growth. By contrast, Turkey (-1.2%), the UK (-4.2%), Italy (-5.2%), Mexico (-5.9%), South Korea (-7.6%) and Brazil (-7.7%) illustrated a downward trend over the same period. China (+24 p.p.), the United States (+2.8 p.p.), India (+2.2 p.p.) and Russia (+1.8 p.p.) significantly strengthened its position in terms of the global imports, while Mexico, Brazil, Italy and South Korea saw its share reduced by -1.6%, -2.1%, -2.6% and -3.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported trichloroethylene and tetrachloroethylene (perchloroethylene) worldwide, comprising 21% of global imports. The second position in the ranking was held by India ($X), with an 8.1% share of global imports. It was followed by the United States, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +9.5%. In the other countries, the average annual rates were as follows: India (+3.6% per year) and the United States (-0.3% per year).

Import Prices by Country

The average trichloroethylene and tetrachloroethylene import price stood at $X per ton in 2021, picking up by 13% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt descent. Global import price peaked 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 Germany ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.1%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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