Chloride Oxides Of Metal Market

The global market for chloride oxides and chloride hydroxides of copper and other metals is projected to show growth in both volume and value over the period from 2022 to 2030. Consumption trends have been on the rise, with an average annual growth rate of +3.2% over the last decade. China is the largest consumer and producer of these compounds, with other major players including India, the United States, and Japan. Imports and exports of chloride oxides and chloride hydroxides have also been increasing, with significant differences in average prices amongst exporting countries. Overall, the market is expected to continue its upward trajectory in the coming years.

Market Forecast

Driven by increasing demand for chloride oxides and chloride hydroxides of copper and other metals worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +4.1% for the period from 2022 to 2030, which is projected to bring the market volume to 1.5M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.3% for the period from 2022 to 2030, which is projected to bring the market value to $3.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals

In 2022, the amount of chloride oxides and chloride hydroxides of copper and other metals consumed worldwide declined modestly to 1.1M tons, reducing by -1.6% compared with the year before. Over the period under review, the total consumption indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +2.4% against 2020 indices. Over the period under review, global consumption attained the maximum volume at 1.6M tons in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

The global chloride oxides of metal market size amounted to $2B in 2022, approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +4.4% against 2020 indices. Over the period under review, the global market reached the peak level at $2.9B in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

China (224K tons) remains the largest chloride oxides of metal consuming country worldwide, accounting for 21% of total volume. Moreover, chloride oxides of metal consumption in China exceeded the figures recorded by the second-largest consumer, India (105K tons), twofold. The third position in this ranking was held by the United States (87K tons), with an 8% share.

In China, chloride oxides of metal consumption expanded at an average annual rate of +4.9% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+5.7% per year) and the United States (+6.6% per year).

In value terms, China ($511M) led the market, alone. The second position in the ranking was held by Japan ($176M). It was followed by India.

In China, the chloride oxides of metal market expanded at an average annual rate of +4.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (+6.0% per year) and India (+3.0% per year).

The countries with the highest levels of chloride oxides of metal per capita consumption in 2022 were the UK (753 kg per 1000 persons), Spain (492 kg per 1000 persons) and Japan (448 kg per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by the UK (with a CAGR of +15.4%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals

Global chloride oxides of metal production declined modestly to 1.1M tons in 2022, waning by -1.8% against 2021. Overall, the total production indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.0% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 21% against the previous year. Over the period under review, global production attained the maximum volume at 1.6M tons in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

In value terms, chloride oxides of metal production declined to $2.4B in 2022 estimated in export price. In general, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +4.3% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 26%. As a result, production reached the peak level of $3.4B. From 2018 to 2022, global production growth remained at a lower figure.

Production By Country

The country with the largest volume of chloride oxides of metal production was China (283K tons), accounting for 26% of total volume. Moreover, chloride oxides of metal production in China exceeded the figures recorded by the second-largest producer, India (137K tons), twofold. The United States (94K tons) ranked third in terms of total production with an 8.6% share.

From 2012 to 2022, the average annual growth rate of volume in China amounted to +4.4%. In the other countries, the average annual rates were as follows: India (+7.3% per year) and the United States (+9.1% per year).

Imports

World Imports of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals

For the third year in a row, the global market recorded growth in purchases abroad of chloride oxides and chloride hydroxides of copper and other metals, which increased by 5.3% to 212K tons in 2022. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.1% against 2012 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 15% against the previous year. Over the period under review, global imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, chloride oxides of metal imports skyrocketed to $505M in 2022. In general, imports saw resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 36%. Over the period under review, global imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports By Country

In 2022, Japan (31K tons) and the United States (24K tons) were the major importers of chloride oxides and chloride hydroxides of copper and other metalsin the world, together making up 26% of total imports. Canada (14K tons) held the next position in the ranking, followed by the UK (11K tons). All these countries together took approx. 12% share of total imports. Austria (6.2K tons), Germany (6.1K tons), Brazil (6K tons), the Netherlands (5.8K tons), the Philippines (5.7K tons), France (5.5K tons), Thailand (5.1K tons), Indonesia (4.6K tons) and Australia (4.5K tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Austria (with a CAGR of +22.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest chloride oxides of metal importing markets worldwide were Japan ($116M), the United States ($83M) and the UK ($29M), with a combined 45% share of global imports. The Netherlands, Brazil, Canada, Germany, France, the Philippines, Australia, Thailand, Indonesia and Austria lagged somewhat behind, together accounting for a further 22%.

Among the main importing countries, Brazil, with a CAGR of +21.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average chloride oxides of metal import price stood at $2,382 per ton in 2022, jumping by 25% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($3,699 per ton), while Austria ($439 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.0%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals

In 2022, approx. 229K tons of chloride oxides and chloride hydroxides of copper and other metals were exported worldwide; with an increase of 3.5% compared with 2021 figures. The total export volume increased at an average annual rate of +4.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when exports increased by 14% against the previous year. Over the period under review, the global exports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, chloride oxides of metal exports soared to $511M in 2022. Overall, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.7% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of 31%. Over the period under review, the global exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports By Country

In 2022, China (61K tons), distantly followed by India (34K tons), the United States (32K tons), Hungary (21K tons) and Germany (20K tons) were the major exporters of chloride oxides and chloride hydroxides of copper and other metals, together creating 74% of total exports. The following exporters - Belgium (6.3K tons), Vietnam (5.9K tons), France (5.4K tons), the Netherlands (5.4K tons) and Colombia (4.8K tons) - together made up 12% of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +145.2%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, China ($220M) remains the largest chloride oxides of metal supplier worldwide, comprising 43% of global exports. The second position in the ranking was held by India ($70M), with a 14% share of global exports. It was followed by the United States, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in China totaled +5.6%. The remaining exporting countries recorded the following average annual rates of exports growth: India (+13.1% per year) and the United States (+6.6% per year).

Export Prices By Country

In 2022, the average chloride oxides of metal export price amounted to $2,230 per ton, surging by 23% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. As a result, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($3,917 per ton), while Hungary ($336 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform