China: Chlorides Market 2024

Chlorides Market Size in China

In 2023, the Chinese chlorides market decreased by X% to $X, falling for the second consecutive year after four years of growth. In general, the total consumption indicated a tangible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Chlorides consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Chlorides Production in China

In value terms, chlorides production rose slightly to $X in 2023 estimated in export price. Over the period under review, the total production indicated moderate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production attained the peak level at $X in 2021; afterwards, it flattened through to 2023.

Chlorides Exports

Exports from China

In 2023, overseas shipments of chlorides (excluding ammonium chloride) increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, total exports indicated a resilient expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked in 2023 and are expected to retain growth in years to come.

In value terms, chlorides exports declined modestly to $X in 2023. Over the period under review, exports recorded prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2022, and then contracted in the following year.

Exports by Country

Saudi Arabia (X tons), South Korea (X tons) and Japan (X tons) were the main destinations of chlorides exports from China, together accounting for X% of total exports. Russia, Chile, Thailand, Malaysia, Vietnam, Taiwan (Chinese), Indonesia, the United Arab Emirates, Canada and the United States lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chlorides exported from China were South Korea ($X), Saudi Arabia ($X) and Russia ($X), with a combined X% share of total exports.

Russia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average chlorides export price stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2022, and then fell markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Chlorides Imports

Imports into China

For the third consecutive year, China recorded growth in overseas purchases of chlorides (excluding ammonium chloride), which increased by X% to X tons in 2023. Overall, total imports indicated mild growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, chlorides imports contracted to $X in 2023. In general, total imports indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2022, and then declined in the following year.

Imports by Country

Argentina (X tons), India (X tons) and Malaysia (X tons) were the main suppliers of chlorides imports to China, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), South Korea ($X) and the United States ($X) constituted the largest chlorides suppliers to China, together accounting for X% of total imports. Japan, India, Germany, the UK, Malaysia, Taiwan (Chinese), France, Israel and the Czech Republic lagged somewhat behind, together comprising a further X%.

Malaysia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chlorides import price stood at $X per ton in 2023, reducing by X% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2022, and then declined sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Israel ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform