Halogenated Hydrocarbon Derivative Market

The article provides a detailed analysis of the global market for halogenated derivatives of hydrocarbons, forecasting a continued upward consumption trend reaching 38M tons and $75.6B by 2030 with a CAGR of +2.4% in volume and +4.7% in value terms. It examines trends in consumption, production, imports, and exports for key countries such as Japan, China, the United States, and India, showing growth rates, market sizes, and per capita consumption levels. The article also discusses fluctuations in global market performance, import/export volumes, prices, and key players in the industry.

Market Forecast

Driven by increasing demand for halogenated derivatives of hydrocarbons worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.4% for the period from 2022 to 2030, which is projected to bring the market volume to 38M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.7% for the period from 2022 to 2030, which is projected to bring the market value to $75.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Halogenated Derivatives Of Hydrocarbons

In 2022, consumption of halogenated derivatives of hydrocarbons decreased by -1.3% to 31M tons, falling for the second consecutive year after four years of growth. In general, the total consumption indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.0% 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 -7.2% against 2020 indices. Over the period under review, global consumption reached the peak volume at 34M tons in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

The global halogenated hydrocarbon derivative market size was estimated at $52.3B in 2022, rising by 1.7% 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). Overall, consumption, however, continues to indicate a remarkable increase. Over the period under review, the global market reached the peak level at $53.7B in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The country with the largest volume of halogenated hydrocarbon derivative consumption was Japan (8.4M tons), accounting for 27% of total volume. Moreover, halogenated hydrocarbon derivative consumption in Japan exceeded the figures recorded by the second-largest consumer, China (4M tons), twofold. The third position in this ranking was held by the United States (3M tons), with a 9.5% share.

In Japan, halogenated hydrocarbon derivative consumption decreased by an average annual rate of -1.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (+10.3% per year) and the United States (+16.1% per year).

In value terms, China ($10.6B), Japan ($8.2B) and Mexico ($6B) constituted the countries with the highest levels of market value in 2022, together accounting for 47% of the global market. Pakistan, the United States, Turkey, India, the UK, Indonesia, Qatar, Saudi Arabia, Russia and Brazil lagged somewhat behind, together accounting for a further 22%.

Among the main consuming countries, Saudi Arabia, with a CAGR of +23.8%, saw the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of halogenated hydrocarbon derivative per capita consumption was registered in Qatar (193 kg per person), followed by Japan (67 kg per person), Saudi Arabia (15 kg per person) and the UK (9.6 kg per person), while the world average per capita consumption of halogenated hydrocarbon derivative was estimated at 0.1 kg per person.

From 2012 to 2022, the average annual rate of growth in terms of the halogenated hydrocarbon derivative per capita consumption in Qatar stood at +4.2%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Japan (-1.4% per year) and Saudi Arabia (+20.3% per year).

Production

World Production of Halogenated Derivatives Of Hydrocarbons

In 2022, the amount of halogenated derivatives of hydrocarbons produced worldwide was estimated at 32M tons, approximately reflecting the year before. In general, the total production indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.3% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 25% against the previous year. Over the period under review, global production reached the maximum volume at 34M tons in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In value terms, halogenated hydrocarbon derivative production expanded modestly to $48.1B in 2022 estimated in export price. Overall, production showed a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of 47% against the previous year. Global production peaked at $48.6B in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were Japan (9.3M tons), the United States (5M tons) and China (3.8M tons), together accounting for 56% of global production. Indonesia, Pakistan, Qatar, Russia, Saudi Arabia, Belgium, Germany, South Korea, Mexico and Brazil lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Pakistan (with a CAGR of +18.4%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Halogenated Derivatives Of Hydrocarbons

In 2022, the amount of halogenated derivatives of hydrocarbons imported worldwide declined to 9.1M tons, shrinking by -12.6% on 2021 figures. The total import volume increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 17%. Over the period under review, global imports hit record highs at 10M tons in 2021, and then reduced in the following year.

In value terms, halogenated hydrocarbon derivative imports expanded sharply to $15B in 2022. In general, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 44% against the previous year. Global imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports By Country

India (1.4M tons) and China (1.2M tons) represented roughly 28% of total imports in 2022. Thailand (510K tons) took a 5.6% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (4.8%), Taiwan (Chinese) (4.8%), France (4.6%) and Germany (4.5%). The Netherlands (381K tons), Vietnam (368K tons), the United States (308K tons), Spain (290K tons), Canada (258K tons) and the UK (256K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of +25.4%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, India ($1.5B), China ($1.4B) and the United States ($1B) were the countries with the highest levels of imports in 2022, with a combined 26% share of global imports.

In terms of the main importing countries, India, with a CAGR of +10.4%, recorded the highest rates of growth with regard to 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 halogenated hydrocarbon derivative import price stood at $1,653 per ton in 2022, picking up by 21% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2021 an increase of 32%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($3,378 per ton), while Thailand ($819 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.3%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Halogenated Derivatives Of Hydrocarbons

In 2022, global halogenated hydrocarbon derivative exports reduced modestly to 10M tons, shrinking by -4.5% on the year before. The total export volume increased at an average annual rate of +3.4% over the period 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 2021 when exports increased by 10%. As a result, the exports reached the peak of 11M tons, and then contracted in the following year.

In value terms, halogenated hydrocarbon derivative exports rose markedly to $14.5B in 2022. Over the period under review, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +54.9% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 47%. Over the period under review, the global exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports By Country

In 2022, the United States (2.3M tons), distantly followed by Japan (1,125K tons), Germany (1,051K tons), China (996K tons), Belgium (780K tons), Qatar (600K tons), Saudi Arabia (551K tons), Taiwan (Chinese) (532K tons) and South Korea (502K tons) represented the largest exporters of halogenated derivatives of hydrocarbons, together generating 82% of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of halogenated derivatives of hydrocarbons. At the same time, Belgium (+10.1%), Taiwan (Chinese) (+9.5%), Saudi Arabia (+6.2%), Japan (+6.1%), China (+5.8%), South Korea (+4.0%) and Germany (+2.0%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the world, with a CAGR of +10.1% from 2012-2022. Qatar experienced a relatively flat trend pattern. Belgium (+3.5 p.p.), Japan (+2.5 p.p.), Taiwan (Chinese) (+2.2 p.p.) and China (+2 p.p.) significantly strengthened its position in terms of the global exports, while Qatar and the United States saw its share reduced by -2.6% and -7.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest halogenated hydrocarbon derivative supplying countries worldwide were China ($3.2B), the United States ($3.1B) and Japan ($1.4B), with a combined 53% share of global exports. Germany, Belgium, Taiwan (Chinese), South Korea, Qatar and Saudi Arabia lagged somewhat behind, together accounting for a further 24%.

South Korea, with a CAGR of +11.6%, saw the highest growth rate of the value of exports, in terms of the main exporting countries 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 halogenated hydrocarbon derivative export price amounted to $1,411 per ton, picking up by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2021 an increase of 33%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the near future.

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 ($3,239 per ton), while Saudi Arabia ($455 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform