Hypochlorites, Chlorites And Hypobromites Market

The global market for hypochlorites, commercial calcium hypochlorite, chlorites, and hypobromites is on an upward consumption trend, with an anticipated CAGR of +5.2% in volume and +6.8% in value terms from 2022 to 2030. Consumption saw an increase in 2022 after a two-year decline, reaching 16M tons. The top consuming countries in 2022 were China, the United States, and Turkey, while the top producing countries were also China, the United States, and Turkey. Production increased in 2022 to 16M tons after a two-year decline. Global imports and exports of these chemicals also saw fluctuations in volume and value terms over the years.

Market Forecast

Driven by increasing demand for hypochlorites, commercial calcium hypochlorite, chlorites and hypobromites 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 +5.2% for the period from 2022 to 2030, which is projected to bring the market volume to 24M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.8% for the period from 2022 to 2030, which is projected to bring the market value to $19.8B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites

In 2022, consumption of hypochlorites, commercial calcium hypochlorite, chlorites and hypobromites was finally on the rise to reach 16M tons for the first time since 2019, thus ending a two-year declining trend. Overall, consumption enjoyed a noticeable increase. As a result, consumption reached the peak volume of 30M tons. From 2020 to 2022, the growth of the global consumption failed to regain momentum.

The global hypochlorites, chlorites and hypobromites market value expanded sharply to $11.7B in 2022, increasing by 8.4% 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 slight growth 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 decreased by -39.9% against 2019 indices. As a result, consumption reached the peak level of $19.5B. From 2020 to 2022, the growth of the global market remained at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (2.9M tons), the United States (1.7M tons) and Turkey (1.5M tons), together comprising 39% of global consumption. India, Italy, Japan, Pakistan, Germany, Russia, Brazil, Nigeria, Mexico and France lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Italy (with a CAGR of +11.1%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest hypochlorites, chlorites and hypobromites markets worldwide were the United States ($2.1B), China ($2B) and Japan ($1.8B), together comprising 50% of the global market. Turkey, India, Brazil, Italy, Mexico, Nigeria, Russia, France, Pakistan and Germany lagged somewhat behind, together accounting for a further 27%.

Italy, with a CAGR of +9.2%, 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.

The countries with the highest levels of hypochlorites, chlorites and hypobromites per capita consumption in 2022 were Turkey (17 kg per 1000 persons), Italy (11 kg per 1000 persons) and Germany (6.4 kg per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Italy (with a CAGR of +11.5%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites

In 2022, production of hypochlorites, commercial calcium hypochlorite, chlorites and hypobromites was finally on the rise to reach 16M tons for the first time since 2019, thus ending a two-year declining trend. In general, production enjoyed a notable increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by 83%. As a result, production attained the peak volume of 31M tons. From 2020 to 2022, global production growth remained at a somewhat lower figure.

In value terms, hypochlorites, chlorites and hypobromites production rose modestly to $11.5B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the production volume increased by 37% against the previous year. As a result, production reached the peak level of $15.2B. From 2020 to 2022, global production growth failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were China (3.2M tons), the United States (1.7M tons) and Turkey (1.5M tons), together accounting for 40% of global production. India, Japan, Italy, Germany, Pakistan, Russia, Brazil, Nigeria, Mexico and South Korea lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Italy (with a CAGR of +12.4%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites

Global hypochlorites, chlorites and hypobromites imports amounted to 1.3M tons in 2022, picking up by 8.7% against 2021 figures. The total import volume increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 11%. Over the period under review, global imports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, hypochlorites, chlorites and hypobromites imports soared to $829M in 2022. The total import value increased at an average annual rate of +4.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports By Country

In 2022, the United States (126K tons) and France (121K tons) were the major importers of hypochlorites, commercial calcium hypochlorite, chlorites and hypobromitesin the world, together making up 19% of total imports. It was followed by Spain (58K tons), comprising a 4.5% share of total imports. Iraq (57K tons), Canada (56K tons), Belgium (54K tons), Italy (50K tons), Germany (48K tons), Hong Kong SAR (37K tons), Poland (35K tons), Russia (33K tons), Brazil (25K tons) and the Netherlands (24K tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of +24.6%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, France ($48M), Brazil ($45M) and the United States ($41M) appeared to be the countries with the highest levels of imports in 2022, together comprising 16% of global imports.

Brazil, with a CAGR of +14.6%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average hypochlorites, chlorites and hypobromites import price amounted to $650 per ton, increasing by 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. As a result, import price attained 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 Brazil ($1,804 per ton), while Iraq ($182 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+8.3%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites

Global hypochlorites, chlorites and hypobromites exports fell modestly to 1.3M tons in 2022, with a decrease of -2% on the previous year. The total export volume increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by 12% against the previous year. The global exports peaked at 1.3M tons in 2020; afterwards, it flattened through to 2022.

In value terms, hypochlorites, chlorites and hypobromites exports rose sharply to $718M in 2022. The total export value increased at an average annual rate of +3.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when exports increased by 16%. Over the period under review, the global exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports By Country

In 2022, China (248K tons), distantly followed by Canada (116K tons), Belgium (86K tons), Spain (81K tons), the Netherlands (75K tons), Germany (71K tons) and the United States (64K tons) were the main exporters of hypochlorites, commercial calcium hypochlorite, chlorites and hypobromites, together creating 59% of total exports. The following exporters - Portugal (52K tons), India (48K tons), Iran (44K tons), France (35K tons), Guatemala (30K tons) and Italy (29K tons) - together made up 19% of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of hypochlorites, commercial calcium hypochlorite, chlorites and hypobromites. At the same time, Iran (+31.9%), Guatemala (+31.9%), the Netherlands (+23.2%), Germany (+10.5%), India (+9.1%), Canada (+6.5%), the United States (+3.0%), Spain (+2.9%) and Portugal (+1.4%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the world, with a CAGR of +31.9% from 2012-2022. Italy and Belgium experienced a relatively flat trend pattern. By contrast, France (-8.1%) illustrated a downward trend over the same period. The Netherlands (+5.1 p.p.), Canada (+3.3 p.p.), Iran (+3.2 p.p.), Germany (+3.1 p.p.), Guatemala (+2.2 p.p.) and India (+1.9 p.p.) significantly strengthened its position in terms of the global exports, while China, Belgium and France saw its share reduced by -2.2%, -2.2% and -5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($205M) remains the largest hypochlorites, chlorites and hypobromites supplier worldwide, comprising 29% of global exports. The second position in the ranking was held by the United States ($64M), with an 8.9% share of global exports. It was followed by Germany, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +3.7%. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (-0.8% per year) and Germany (+9.1% per year).

Export Prices By Country

In 2022, the average hypochlorites, chlorites and hypobromites export price amounted to $570 per ton, surging by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($1,001 per ton), while Iran ($188 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform