As of 2023, China led the imports of salts of inorganic acids and peroxoacids (excluding azides) with a total value of USD 159.85 million, followed by South Korea at USD 102.77 million. Hong Kong, the United States, and Germany rounded out the top five importers. The year-over-year growth saw significant increases, particularly in emerging markets, with China and South Korea experiencing the most considerable expansion. Over the past five years, the compound annual growth rate (CAGR) for these imports indicates a moderate growth trend reflective of increasing demand in electronic and industrial applications.
Future trends to watch include:
- Continued growth in Asian markets due to their expanding technological industries.
- Potential fluctuations in the United States and Europe due to changing regulations and sourcing strategies.
- The impact of global environmental policies on the demand for inorganic acid salts related to renewable energy sectors.
Top countries in Top Importers of Salts of Inorganic Acids, Peroxoacids, Except Azides
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 China | 159.85 | 2016 | |
| 2 | 2 South Korea | 102.77 | 2016 | |
| 3 | 3 Hong Kong | 53.79 | 2016 | |
| 4 | 4 United States | 27.22 | 2016 | |
| 5 | 5 Germany | 11.56 | 2016 | |
| 6 | 6 Mexico | 9.75 | 2016 | |
| 7 | 7 Belgium | 9.36 | 2016 | |
| 8 | 8 Brazil | 8.51 | 2016 | |
| 9 | 9 Switzerland | 7.79 | 2016 | |
| 10 | 10 Spain | 7.73 | 2016 |
