With production value of USD487 billion, China accounts for 59.5% of the Asia Pacific total in 2023. The industry’s exports share decreases in 2023 to 14.4% of total production output. The industry’s profitability decreases and stands at 10.7% of production value in 2023, the 14th highest regionally. The costs of the industry decrease by 2.7% in 2023, largely driven by declining B2B costs. The total number of companies remains unchanged in 2023. The industry is fragmented, with the top five companies generating 31.4% of total production value in 2023. China Petroleum & Chemical Corp is the largest company in China, generating 23.3% of the industry’s total production value in 2023. China has the largest market size for basic chemicals regionally, with demand reaching USD545 billion in 2023. B2B drives market demand, with B2B spending representing 99.8% of total demand in 2023. The market is dominated by domestic suppliers, as imports account for 15.2% of total market size in 2023.
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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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