Liquid Air And Distilled Water Market

The global market for liquid or compressed air and distilled or conductivity water is on the rise, with an anticipated increase in consumption over the next eight years. Market volume is expected to reach 36M tons by 2030, with a projected value of $110.3B. Consumption saw significant growth in 2022, with Slovakia leading in both consumption and production. Liquid air and distilled water consumption and production also increased in countries like Poland and China. Imports and exports of liquid air and distilled water also showed significant growth, with countries like Japan and China being key importers and exporters. Prices fluctuated by country, with China and Canada being notable suppliers at varying price points. Overall, the global market for liquid air and distilled water is showing signs of continuous expansion.

Market Forecast

Driven by increasing demand for liquid or compressed air and distilled or conductivity water worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.5% for the period from 2022 to 2030, which is projected to bring the market volume to 36M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.5% for the period from 2022 to 2030, which is projected to bring the market value to $110.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Liquid Or Compressed Air And Distilled Or Conductivity Water

In 2022, the amount of liquid or compressed air and distilled or conductivity water consumed worldwide skyrocketed to 35M tons, with an increase of 26% on the previous year. Over the period under review, consumption saw a resilient expansion. Global consumption peaked in 2022 and is expected to retain growth in the near future.

The value of the market for liquid or compressed air and distilled or conductivity water worldwide soared to $90.2B in 2022, with an increase of 17% 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). In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $96.4B. From 2021 to 2022, the growth of the global market remained at a somewhat lower figure.

Consumption By Country

The country with the largest volume of liquid air and distilled water consumption was Slovakia (12M tons), accounting for 34% of total volume. Moreover, liquid air and distilled water consumption in Slovakia exceeded the figures recorded by the second-largest consumer, Poland (4.8M tons), twofold. The third position in this ranking was taken by Hungary (2.7M tons), with a 7.8% share.

In Slovakia, liquid air and distilled water consumption increased at an average annual rate of +42.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (+11.8% per year) and Hungary (+9.4% per year).

In value terms, the largest liquid air and distilled water markets worldwide were China ($17.9B), the United States ($14B) and Japan ($12.6B), together accounting for 49% of the global market. India, Russia, Italy, Slovakia, Poland, Spain, Hungary and Austria lagged somewhat behind, together accounting for a further 6.1%.

Among the main consuming countries, Slovakia, with a CAGR of +37.0%, 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 liquid air and distilled water per capita consumption was registered in Slovakia (2,171 kg per person), followed by Hungary (277 kg per person), Poland (128 kg per person) and Austria (89 kg per person), while the world average per capita consumption of liquid air and distilled water was estimated at 4.4 kg per person.

In Slovakia, liquid air and distilled water per capita consumption expanded at an average annual rate of +42.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hungary (+9.6% per year) and Poland (+11.9% per year).

Production

World Production of Liquid Or Compressed Air And Distilled Or Conductivity Water

In 2022, approx. 36M tons of liquid or compressed air and distilled or conductivity water were produced worldwide; rising by 26% against the year before. In general, production enjoyed resilient growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 27% against the previous year. Over the period under review, global production hit record highs in 2022 and is expected to retain growth in the near future.

In value terms, liquid air and distilled water production rose rapidly to $88.3B in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 68% against the previous year. As a result, production attained the peak level of $97.9B. From 2021 to 2022, global production growth remained at a lower figure.

Production By Country

The country with the largest volume of liquid air and distilled water production was Slovakia (12M tons), accounting for 33% of total volume. Moreover, liquid air and distilled water production in Slovakia exceeded the figures recorded by the second-largest producer, Poland (4.8M tons), twofold. The third position in this ranking was taken by China (2.8M tons), with a 7.8% share.

In Slovakia, liquid air and distilled water production increased at an average annual rate of +42.9% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Poland (+11.8% per year) and China (+1.5% per year).

Imports

World Imports of Liquid Or Compressed Air And Distilled Or Conductivity Water

In 2022, supplies from abroad of liquid or compressed air and distilled or conductivity water increased by 3.6% to 459K tons, rising for the second year in a row after two years of decline. In general, imports showed a tangible expansion. The most prominent rate of growth was recorded in 2018 with an increase of 73%. As a result, imports reached the peak of 859K tons. From 2019 to 2022, the growth of global imports remained at a lower figure.

In value terms, liquid air and distilled water imports reduced markedly to $1.5B in 2022. Overall, imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of 126%. Over the period under review, global imports attained the peak figure at $3.2B in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports By Country

In 2022, Japan (155K tons) and the United States (116K tons) were the key importers of liquid or compressed air and distilled or conductivity wateraround the world, together reaching approx. 59% of total imports. Macao SAR (18K tons), Singapore (14K tons), Belgium (14K tons), Italy (13K tons), China (13K tons), Canada (11K tons), Austria (10K tons), France (9.7K tons), Germany (8.4K tons) and Hong Kong SAR (7.6K tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +37.4%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Japan ($542M) constitutes the largest market for imported liquid or compressed air and distilled or conductivity water worldwide, comprising 37% of global imports. The second position in the ranking was held by China ($259M), with an 18% share of global imports. It was followed by the United States, with a 7.2% share.

In Japan, liquid air and distilled water imports increased at an average annual rate of +33.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: China (+38.9% per year) and the United States (+3.3% per year).

Import Prices By Country

The average import price for liquid or compressed air and distilled or conductivity water stood at $3,163 per ton in 2022, falling by -37.8% against the previous year. Overall, the import price, however, enjoyed a strong expansion. The growth pace was the most rapid in 2020 an increase of 85%. Global import price peaked at $5,087 per ton in 2021, and then dropped rapidly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($20,669 per ton), while Macao SAR ($206 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Liquid Or Compressed Air And Distilled Or Conductivity Water

In 2022, global liquid air and distilled water exports soared to 1.5M tons, with an increase of 25% compared with the previous year. Overall, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 77%. Over the period under review, the global exports attained the peak figure at 1.5M tons in 2014; afterwards, it flattened through to 2022.

In value terms, liquid air and distilled water exports soared to $3.8B in 2022. Over the period under review, exports showed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 110% against the previous year. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports By Country

In 2022, Canada (754K tons) represented the major exporter of liquid or compressed air and distilled or conductivity water, mixing up 51% of total exports. Israel (391K tons) ranks second in terms of the total exports with a 27% share, followed by China (11%). Germany (37K tons) and Hong Kong SAR (23K tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +13.7%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, China ($2.8B) remains the largest liquid air and distilled water supplier worldwide, comprising 74% of global exports. The second position in the ranking was held by Israel ($297M), with a 7.9% share of global exports. It was followed by Germany, with a 2% share.

In China, liquid air and distilled water exports increased at an average annual rate of +46.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (-1.4% per year) and Germany (-1.9% per year).

Export Prices By Country

In 2022, the average export price for liquid or compressed air and distilled or conductivity water amounted to $2,563 per ton, approximately mirroring the previous year. In general, the export price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 115%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($17,297 per ton), while Canada ($80 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+31.1%), while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform