Asia: Sulphuric Acid Market 2024

Sulphuric Acid Market Size in Asia

The Asian sulphuric acid market surged to $X in 2022, jumping by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Sulphuric Acid Production in Asia

In value terms, sulphuric acid production skyrocketed to $X in 2022 estimated in export price. The total production indicated a tangible increase 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 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, production hit record highs in 2022 and is likely to see steady growth in the near future.

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Sulphuric Acid Exports

Exports in Asia

In 2022, approx. X tons of sulphuric acid and oleum were exported in Asia; with an increase of X% on the year before. In general, exports posted a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, sulphuric acid exports soared to $X in 2022. Over the period under review, exports posted a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Japan represented the key exporter of sulphuric acid and oleum in Asia, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. South Korea (X tons) ranks second in terms of the total exports with a X% share, followed by China (X%). The following exporters - the Philippines (X tons) and Thailand (X tons) - each finished at a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by China (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest sulphuric acid supplying countries in Asia were China ($X), Japan ($X) and South Korea ($X), together accounting for X% of total exports.

In terms of the main exporting countries, China, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, shrinking by X% against the previous year. Export price indicated a tangible increase from 2012 to 2022: its price 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. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2021, and then reduced in the following year.

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

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

Sulphuric Acid Imports

Imports in Asia

Sulphuric acid imports surged to X tons in 2022, jumping by X% on the year before. In general, imports continue to indicate resilient growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, sulphuric acid imports soared to $X in 2022. Overall, imports posted prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

The Philippines (X tons) and India (X tons) represented roughly X% of total imports in 2022. China (X tons) ranks next in terms of the total imports with a X% share, followed by Turkey (X%) and Indonesia (X%). The following importers - Malaysia (X tons), Kazakhstan (X tons), Thailand (X tons), Vietnam (X tons), Cyprus (X tons), Taiwan (Chinese) (X tons) and Lao People's Democratic Republic (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), the Philippines ($X) and Turkey ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Thailand, Malaysia, China, Indonesia, Vietnam, Kazakhstan, Cyprus, Lao People's Democratic Republic and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, surging by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform