Trichloroethylene And Tetrachloroethylene Market

The article discusses the projected decrease in the trichloroethylene and tetrachloroethylene market over the next eight years, with a negative CAGR forecasted for consumption but a positive CAGR for market value. Global consumption reached 301K tons in 2022, with China being the largest consumer. Production and import figures are also examined, with China leading in both imports and consumption. Export trends show growth in shipments, with Germany being the top exporting country.

Market Forecast

The trichloroethylene and tetrachloroethylene market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -1.3% for the eight-year period from 2022 to 2030, which is projected to depress the market volume to 270K tons by the end of 2030.

In value terms, the market is forecast to contract with an anticipated CAGR of +2.6% for the period from 2022 to 2030, which is projected to bring the market value to $408M (in nominal prices) by the end of 2030.

Consumption

World Consumption of Trichloroethylene And Tetrachloroethylene (Perchloroethylene)

Global trichloroethylene and tetrachloroethylene consumption surged to 301K tons in 2022, with an increase of 16% against the previous year's figure. The total consumption volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, global consumption reached the peak volume in 2022 and is expected to retain growth in the immediate term.

The global trichloroethylene and tetrachloroethylene market revenue surged to $332M in 2022, picking up by 36% 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). In general, the total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.5% 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 +35.3% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Consumption By Country

China (109K tons) remains the largest trichloroethylene and tetrachloroethylene consuming country worldwide, accounting for 36% of total volume. Moreover, trichloroethylene and tetrachloroethylene consumption in China exceeded the figures recorded by the second-largest consumer, the United States (28K tons), fourfold. Belgium (22K tons) ranked third in terms of total consumption with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled +62.0%. The remaining consuming countries recorded the following average annual rates of consumption growth: the United States (+6.5% per year) and Belgium (+16.2% per year).

In value terms, China ($62M) led the market, alone. The second position in the ranking was taken by the United States ($27M). It was followed by India.

From 2012 to 2022, the average annual growth rate of value in China amounted to +57.1%. The remaining consuming countries recorded the following average annual rates of market growth: the United States (+5.4% per year) and India (+5.8% per year).

In 2022, the highest levels of trichloroethylene and tetrachloroethylene per capita consumption was registered in Belgium (1,914 kg per 1000 persons), followed by Romania (579 kg per 1000 persons), the Netherlands (437 kg per 1000 persons) and France (163 kg per 1000 persons), while the world average per capita consumption of trichloroethylene and tetrachloroethylene was estimated at 38 kg per 1000 persons.

From 2012 to 2022, the average annual rate of growth in terms of the trichloroethylene and tetrachloroethylene per capita consumption in Belgium amounted to +15.7%. In the other countries, the average annual rates were as follows: Romania (+3.0% per year) and the Netherlands (+45.9% per year).

Production

World Production of Trichloroethylene And Tetrachloroethylene (Perchloroethylene)

In 2022, production of trichloroethylene and tetrachloroethylene (perchloroethylene) increased by 0.8% to 241K tons, rising for the third consecutive year after three years of decline. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 0.9% against the previous year. As a result, production reached the peak volume of 260K tons. From 2014 to 2022, global production growth failed to regain momentum.

In value terms, trichloroethylene and tetrachloroethylene production totaled $128M in 2022 estimated in export price. Overall, production, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 2.6% against the previous year. Over the period under review, global production reached the maximum level at $189M in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were Germany (100K tons), the United States (59K tons) and France (24K tons), together comprising 76% of global production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by France (with a CAGR of +0.6%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Trichloroethylene And Tetrachloroethylene (Perchloroethylene)

In 2022, supplies from abroad of trichloroethylene and tetrachloroethylene (perchloroethylene) increased by 28% to 321K tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 35%. Global imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, trichloroethylene and tetrachloroethylene imports skyrocketed to $323M in 2022. Over the period under review, imports showed a modest increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports By Country

China represented the largest importer of trichloroethylene and tetrachloroethylene (perchloroethylene) in the world, with the volume of imports resulting at 144K tons, which was approx. 45% of total imports in 2022. Belgium (24K tons) took a 7.4% share (based on physical terms) of total imports, which put it in second place, followed by India (6.1%). The United States (14K tons), Turkey (12K tons), Russia (11K tons), Italy (9.4K tons), the Netherlands (8.5K tons) and South Korea (5.5K tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the trichloroethylene and tetrachloroethylene (perchloroethylene) imports, with a CAGR of +20.9% from 2012 to 2022. At the same time, Russia (+6.6%), India (+6.4%), Belgium (+6.2%), the Netherlands (+3.0%) and Turkey (+2.8%) displayed positive paces of growth. The United States experienced a relatively flat trend pattern. By contrast, Italy (-3.0%) and South Korea (-10.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Belgium increased by +35 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($75M) constitutes the largest market for imported trichloroethylene and tetrachloroethylene (perchloroethylene) worldwide, comprising 23% of global imports. The second position in the ranking was taken by India ($25M), with a 7.6% share of global imports. It was followed by Russia, with a 6% share.

In China, trichloroethylene and tetrachloroethylene imports increased at an average annual rate of +14.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: India (+7.5% per year) and Russia (+10.7% per year).

Import Prices By Country

The average trichloroethylene and tetrachloroethylene import price stood at $1,005 per ton in 2022, rising by 20% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable downturn. Global import price peaked at $1,307 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($1,982 per ton), while Belgium ($179 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.3%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Trichloroethylene And Tetrachloroethylene (Perchloroethylene)

In 2022, shipments abroad of trichloroethylene and tetrachloroethylene (perchloroethylene) increased by 13% to 261K tons, rising for the second consecutive year after two years of decline. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 14% against the previous year. Over the period under review, the global exports hit record highs at 297K tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, trichloroethylene and tetrachloroethylene exports skyrocketed to $280M in 2022. In general, exports, however, saw a relatively flat trend pattern. Over the period under review, the global exports attained the peak figure at $303M in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports By Country

Germany represented the key exporting country with an export of around 102K tons, which finished at 39% of total exports. The United States (45K tons) held the second position in the ranking, followed by China (35K tons), Japan (20K tons) and France (14K tons). All these countries together held approx. 44% share of total exports. The Czech Republic (11K tons) and Belgium (6.6K tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to trichloroethylene and tetrachloroethylene exports from Germany stood at +1.8%. At the same time, China (+5.4%) and the Czech Republic (+4.1%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in the world, with a CAGR of +5.4% from 2012-2022. Japan experienced a relatively flat trend pattern. By contrast, the United States (-1.9%), France (-4.1%) and Belgium (-6.4%) illustrated a downward trend over the same period. Germany (+5.4 p.p.) and China (+5.1 p.p.) significantly strengthened its position in terms of the global exports, while Belgium, France and the United States saw its share reduced by -2.6%, -3% and -4.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($58M), Germany ($54M) and the United States ($52M) constituted the countries with the highest levels of exports in 2022, together comprising 59% of global exports.

Among the main exporting countries, China, with a CAGR of +10.8%, 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 more modest paces of growth.

Export Prices By Country

In 2022, the average trichloroethylene and tetrachloroethylene export price amounted to $1,075 per ton, surging by 34% against the previous year. Over the period under review, the export price, however, continues to indicate a slight downturn. The global export price peaked at $1,204 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 ($1,664 per ton), while Germany ($533 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform