Metal and other polishes market
Metal and other polishes market: enjoy newly released statistics powered by an Ai-driven market intelligence platform. Data cover market prices, consumption, imports, trade, production, exports, market size, and companies. There is a breakdown by country, including EU, Latin America, China, the Middle East, Russia, the U.S., Africa, and the U.K. Market dynamics and outlook to 2030 are also provided in the dashboards.
Metal and Other Polishes - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | United States |
| 2 | China |
| 3 | Japan |
| 4 | India |
| 5 | Taiwan (Chinese) |
In value terms, the largest metal and other polishes markets worldwide were the United States, China and Japan, with a combined 53% share of the global market. These countries were followed by India, Taiwan (Chinese), Italy, the UK, Singapore, Indonesia, France, Canada, the Netherlands and Thailand, which together accounted for a further 30%.
In terms of the main consuming countries, France recorded the highest growth rate of market size, over the period under review, while metal and other polishes market for the other global leaders experienced more modest paces of growth.
Metal And Other Polishes Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Spain | 1755 | 1749 | 2109 | 9.6% |
| China | 2924 | 2717 | 2749 | -3.0% |
| Italy | 2370 | 2406 | 2965 | 11.9% |
| Netherlands | 2554 | 2696 | 3281 | 13.3% |
| Germany | 3376 | 3409 | 3544 | 2.5% |
| Belgium | 4041 | 4107 | 3790 | -3.2% |
| Singapore | 5091 | 5016 | 4229 | -8.9% |
| France | 4233 | 4124 | 4500 | 3.1% |
| South Korea | 5452 | 5363 | 5283 | -1.6% |
| United Kingdom | 5187 | 4697 | 5492 | 2.9% |
| United States | 39659 | 24146 | 6222 | -60.4% |
| Japan | 5850 | 6489 | 7010 | 9.5% |
| Taiwan (Chinese) | 6228 | n/a | 9208 | 21.6% |
| Average | 5756 | 5381 | 4994 | -6.9% |
Prices varied noticeably by the country of origin; the country with the highest price was Taiwan (Chinese) ($9,208 per ton), while Spain ($2,109 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese), while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| South Korea | 9869 | 8621 | 8780 | -5.7% |
| Germany | 5798 | 6152 | 7341 | 12.5% |
| China | 5420 | 6131 | 6773 | 11.8% |
| United States | 5790 | 6194 | 6616 | 6.9% |
| Singapore | 6378 | 6354 | 6330 | -0.4% |
| France | 3884 | 4277 | 4983 | 13.3% |
| Taiwan (Chinese) | 4367 | 4737 | 4911 | 6.0% |
| Italy | 4497 | 4379 | 4758 | 2.9% |
| Malaysia | 3769 | 4313 | 4211 | 5.7% |
| Netherlands | 3900 | 3170 | 4157 | 3.2% |
| United Kingdom | 3771 | 3297 | 3841 | 0.9% |
| India | 2979 | 2618 | 2308 | -12.0% |
| Average | 4697 | 4911 | 5351 | 6.7% |
There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was South Korea ($8,780 per ton), while India ($2,308 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by France, while the other global leaders experienced more modest paces of growth.
Metal and Other Polishes - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| China | 0.2 | 0.3 | 0.4 | 19.6% |
| Taiwan (Chinese) | 0.2 | 0.2 | 0.2 | 13.1% |
| Singapore | 0.1 | 0.05 | 0.1 | -4.7% |
| United States | 0.09 | 0.08 | 0.08 | -8.3% |
| Germany | 0.06 | 0.06 | 0.06 | -1.4% |
In value terms, China ($356M), Taiwan (Chinese) ($224M) and Singapore ($101M) appeared to be the countries with the highest levels of imports in 2020, with a combined 51% share of global imports.
China saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Metal and Other Polishes - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| United States | 288 | 272 | 293 | 0.8% |
| Japan | 130 | 116 | 124 | -2.1% |
| Taiwan (Chinese) | 45 | n/a | 83 | 35.5% |
| Germany | 100 | 93 | 82 | -9.2% |
| China | 34 | 38 | 44 | 13.6% |
In value terms, the United States ($293M) remains the largest metal and other polishes supplier worldwide, comprising 33% of global exports. The second position in the ranking was occupied by Japan ($124M), with a 14% share of global exports. It was followed by Taiwan (Chinese), with a 9.3% share.
From 2018 to 2020, the average annual growth rate of value in the United States was relatively modest. In the other countries, the average annual rates were as follows: Japan (-2.1% per year) and Taiwan (Chinese) (+35.5% per year).
Metal and Other Polishes - Market Forecast
Driven by rising demand for metal and other polishes worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Metal and Other Polishes - Product Coverage
- HS 340590 - Polishes, creams and similar preparations; n.e.s. in heading no. 3405, excluding waxes of heading no. 3404
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In value terms, polishes, creams, scouring pastes and powders imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ind...
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In value terms, polishes, creams, scouring pastes and powders exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the t...
