Eastern Asia: Market for Salts of Inorganic Acids or Peroxoacids (Excluding Azides and Double or Complex Silicates) 2024

Market Size for Salts of Inorganic Acids or Peroxoacids (Excluding Azides and Double or Complex Silicates) in Eastern Asia

In 2022, the East Asian market for salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) decreased by X% to $X, falling for the fourth consecutive year after seven years of growth. The total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Salts of Inorganic Acids or Peroxoacids (Excluding Azides and Double or Complex Silicates) in Eastern Asia

In value terms, production of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) fell slightly to $X in 2022 estimated in export price. The total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth failed to regain momentum.

Exports of Salts of Inorganic Acids or Peroxoacids (Excluding Azides and Double or Complex Silicates)

Exports in Eastern Asia

For the eleventh year in a row, Eastern Asia recorded growth in overseas shipments of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates), which increased by X% to X tons in 2022. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) surged to $X in 2022. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

China prevails in silicates) structure, amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by South Korea (X tons), comprising a X% share of total exports. Japan (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) exports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%) and Japan (X%) displayed positive paces of growth. China (X p.p.) significantly strengthened its position in terms of the total exports, while South Korea and Japan saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest salts of inorganic acids or peroxoacids supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China stood at X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Japan (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price showed prominent growth. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices reached the peak figure in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the export price figures.

Imports of Salts of Inorganic Acids or Peroxoacids (Excluding Azides and Double or Complex Silicates)

Imports in Eastern Asia

For the sixth consecutive year, Eastern Asia recorded growth in purchases abroad of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates), which increased by X% to X tons in 2022. Over the period under review, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, imports of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) surged to $X in 2022. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China dominates silicates) structure, amounting to X tons, which was approx. X% of total imports in 2022. Japan (X tons), Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) imports, with a CAGR of X% from 2012 to 2022. At the same time, Hong Kong SAR (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. China (X p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR, Taiwan (Chinese) and Japan saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, China ($X) constitutes the largest market for imported salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

In China, imports of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. In general, the import price recorded buoyant growth. 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 China ($X per ton), while Japan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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