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[Industry Focus]：Chinese chemicals in a global perspective: the rise and opportunities of emerging markets

Read： 292 Time：3months ago Source：Chemical flat head brother

After years of rapid development, China's chemical industry has become one of the largest chemical producers in the world. With the increasingly close global trade, chemical export has become an important development direction of China's chemical industry. Based on the data of the past few years, this report provides an in-depth analysis of China's chemical export market, and discusses the potential market and structural changes of export products in the future.

1. Export Market Development Trend

1. Export size and growth rate

in the past seven years, the scale of China's chemical exports has continued to expand, and the growth rate has remained stable. According to statistics, most of China's chemical exports to major regions of the world and the growth rate of the amount show a growth trend. Among them, South America, Africa, Eastern Europe and Western Europe, the growth rate is particularly significant.

South America: The growth rate of China's chemical exports to South America has reached about 21% in the past seven years, showing strong growth momentum.

Africa: China's chemical exports to Africa have also maintained a high growth rate of about 19%, becoming an important supplier to the African market.

中国与全球主要地区2017年至2023年出口规模及金额增速对比.jpg

Changes in export markets

although the overall scale of China's chemical exports to major regions in the world has shown an overall growth trend, the growth rate varies from region to region. In particular, the growth rate in Northeast Asia and North America has declined.

Northeast Asia and North America: Due to the rapid development of the local chemical industry and the increase in self-sufficiency, the import demand from China has been reduced to a certain extent.

In contrast, South America, Africa, Southeast Asia, Eastern Europe, Western Europe and other regions show greater growth potential. The import and export trade of chemical products between these regions and China has a growth rate of more than 10% in terms of trade volume and trade amount.

Structural Changes in 2. Export Products

1. Product type and market demand

china exports a wide range of chemical products, covering chemical fertilizers, pesticides, plastics, rubber and other fields. There are differences in the demand for chemicals in different regions.

South America: Due to its rich natural resources and agricultural base, South America has a large demand for fertilizer products. Ammonium sulfate, sulfuric acid and sodium sulfate are the main chemicals imported from China in South America.

Africa: The supply of basic raw materials in the African market is insufficient, and there is a huge demand gap for marine fuel oil, polyester chips, PVC and other products.

2. Potential export varieties

with the development of the global economy and the upgrading of the chemical industry, some new chemical fields will gradually become potential export varieties in the future.

Environmental protection chemical and biochemical fields: With the global emphasis on environmental protection and sustainable development, environmental protection chemical and biochemical fields will become important growth points in the future. South America has great potential for development in these areas and will be an important export market for Chinese chemicals.

Plastics and rubber products: The rapid development of manufacturing in the African market has led to a rapid growth in demand for plastics and rubber products. These products will become an important export of Chinese chemicals in the African market.

3. Conclusions and Prospects

china exports more than 600 types of chemical products, a variety of products, many products show a trend of rapid export growth. In the past few years, China's frequent trade with Southeast Asia, Northeast Asia and other regions has also promoted the growth of trade scale with these regions. However, with the differentiation of global economic development, the market with greater export potential in the future may change with the transfer of global economic vitality.

Source: Chemical Flat Head Brother

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