The market is dominated by domestic suppliers, as imports account for 15.5% of total market size in 2022. B2B drives market demand, with B2B spending representing 99.8% of total demand in 2022. China has the largest market size for basic chemicals regionally, with demand reaching USD559 billion in 2022. China Petroleum & Chemical Corp is the largest company in China, generating 22.2% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 29.9% of total production value in 2022. The total number of companies decreases in 2022, to 40,315 units. The costs of the industry decrease by 2.1% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 10.9% of production value in 2022, the 12th highest regionally. The industry’s exports share increases in 2022 to 14.6% of total production output. With production value of USD502 billion, China accounts for 63.3% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Basic Chemicals in China: ISIC 2411. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Basic Chemicals in China: ISIC 2411 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic chemicals, fertilisers and nitrogen compounds, man-made fibers, paints and varnishes, pesticides and other agro-chemical products, photochemicals, explosives and other chemicals, plastic in primary forms and synthetic rubber.
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