Peroxosulphates Market

The global market for peroxosulphates (persulphates) is projected to experience a steady increase in consumption and value over the period from 2022 to 2030. Consumption volumes have been on the rise, reaching 110K tons in 2022, with a forecasted CAGR of +3.1% up to 2030. Market sizes have also expanded, with the market value expected to reach $323M by 2030. Import and export statistics reveal key players in the market, such as China, the United States, and India, with notable growth rates in exports observed. The average peroxosulphates export price has also seen an increase, indicating a positive trend in the market.

Market Forecast

Driven by increasing demand for peroxosulphates (persulphates) worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +3.1% for the period from 2022 to 2030, which is projected to bring the market volume to 141K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.0% for the period from 2022 to 2030, which is projected to bring the market value to $323M (in nominal prices) by the end of 2030.

Consumption

World Consumption of Peroxosulphates (Persulphates)

Global peroxosulphates consumption rose to 110K tons in 2022, increasing by 2.2% compared with 2021 figures. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak volume of 128K tons. From 2017 to 2022, the growth of the global consumption failed to regain momentum.

The global peroxosulphates market size expanded sharply to $218M in 2022, picking up by 13% against 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). The market value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Taiwan (Chinese) (12K tons), South Korea (12K tons) and Italy (9.1K tons), with a combined 30% share of global consumption. Japan, the United States, Brazil, Democratic Republic of the Congo, Thailand, France, Singapore, Germany, Turkey and Belgium lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of +343.6%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, South Korea ($19M), Italy ($18M) and Taiwan (Chinese) ($16M) constituted the countries with the highest levels of market value in 2022, together accounting for 24% of the global market. Democratic Republic of the Congo, the United States, Japan, Brazil, Germany, France, Belgium, Singapore, Thailand and Turkey lagged somewhat behind, together comprising a further 38%.

Democratic Republic of the Congo, with a CAGR of +290.9%, recorded the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of peroxosulphates per capita consumption was registered in Singapore (480 kg per 1000 persons), followed by Belgium (226 kg per 1000 persons), Italy (153 kg per 1000 persons) and Japan (50 kg per 1000 persons), while the world average per capita consumption of peroxosulphates was estimated at 0.2 kg per 1000 persons.

From 2012 to 2022, the average annual growth rate of the peroxosulphates per capita consumption in Singapore totaled +19.9%. In the other countries, the average annual rates were as follows: Belgium (+15.0% per year) and Italy (+4.6% per year).

Production

World Production of Peroxosulphates (Persulphates)

Global peroxosulphates production totaled 101K tons in 2022, remaining constant against 2021. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 3.5%. Over the period under review, global production reached the maximum volume at 101K tons in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In value terms, peroxosulphates production amounted to $135M in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 8% against the previous year. Global production peaked at $148M in 2016; however, from 2017 to 2022, production remained at a lower figure.

Production By Country

China (50K tons) constituted the country with the largest volume of peroxosulphates production, comprising approx. 50% of total volume. Moreover, peroxosulphates production in China exceeded the figures recorded by the second-largest producer, Japan (19K tons), threefold. The United States (17K tons) ranked third in terms of total production with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Japan (-0.1% per year) and the United States (+0.5% per year).

Imports

World Imports of Peroxosulphates (Persulphates)

In 2022, approx. 112K tons of peroxosulphates (persulphates) were imported worldwide; with a decrease of -8.1% against 2021 figures. The total import volume increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2017 when imports increased by 13% against the previous year. Global imports peaked at 122K tons in 2021, and then declined in the following year.

In value terms, peroxosulphates imports amounted to $233M in 2022. The total import value increased at an average annual rate of +3.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 18%. Global imports peaked in 2022 and are expected to retain growth in the near future.

Imports By Country

The purchases of the three major importers of peroxosulphates (persulphates), namely Taiwan (Chinese), South Korea and Italy, represented more than fourth of total import. The United States (5.9K tons) ranks next in terms of the total imports with a 5.3% share, followed by Brazil (5%) and Democratic Republic of the Congo (4.8%). Belgium (4.9K tons), France (4.1K tons), India (3.1K tons), Canada (3K tons), Thailand (2.9K tons), Germany (2.7K tons) and Russia (2.7K tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of +343.6%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Italy ($22M), South Korea ($20M) and Taiwan (Chinese) ($19M) constituted the countries with the highest levels of imports in 2022, with a combined 26% share of global imports. The United States, Democratic Republic of the Congo, Belgium, France, Canada, Brazil, Germany, Thailand, India and Russia lagged somewhat behind, together accounting for a further 40%.

In terms of the main importing countries, Democratic Republic of the Congo, with a CAGR of +290.9%, 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 peroxosulphates import price stood at $2,081 per ton in 2022, picking up by 14% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. 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 Canada ($3,499 per ton), while Taiwan (Chinese) ($1,387 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Peroxosulphates (Persulphates)

In 2022, approx. 103K tons of peroxosulphates (persulphates) were exported worldwide; dropping by -10% compared with the previous year's figure. The total export volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 43% against the previous year. Over the period under review, the global exports attained the maximum at 114K tons in 2021, and then contracted in the following year.

In value terms, peroxosulphates exports expanded to $194M in 2022. In general, total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 +35.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 32%. Over the period under review, the global exports reached the maximum in 2022 and are likely to see steady growth in years to come.

Exports By Country

China represented the major exporter of peroxosulphates (persulphates) in the world, with the volume of exports accounting for 48K tons, which was near 47% of total exports in 2022. It was distantly followed by the United States (17K tons), Japan (13K tons), Turkey (7.8K tons) and India (5.6K tons), together mixing up a 43% share of total exports. The following exporters - Belgium (2.2K tons) and Italy (1.6K tons) - each finished at a 3.7% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to peroxosulphates exports from China stood at +1.3%. At the same time, India (+17.6%), Italy (+8.6%), Turkey (+8.2%) and Japan (+1.3%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +17.6% from 2012-2022. By contrast, the United States (-1.9%) and Belgium (-5.0%) illustrated a downward trend over the same period. India (+4.2 p.p.) and Turkey (+3.6 p.p.) significantly strengthened its position in terms of the global exports, while Belgium and the United States saw its share reduced by -2% and -6.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest peroxosulphates supplying countries worldwide were China ($65M), the United States ($47M) and Japan ($19M), with a combined 68% share of global exports. Turkey, India, Belgium and Italy lagged somewhat behind, together comprising a further 20%.

Among the main exporting countries, India, with a CAGR of +16.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average peroxosulphates export price stood at $1,891 per ton in 2022, picking up by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. 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 Belgium ($3,654 per ton), while China ($1,366 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform