ASEAN: Peroxides Of Sodium Market 2024

Peroxides Of Sodium Market Size in ASEAN

In 2021, after three years of decline, there was significant growth in the ASEAN peroxides of sodium market, when its value increased by 21% to $X. Overall, consumption posted a slight increase. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Peroxides Of Sodium Production in ASEAN

In value terms, peroxides of sodium production amounted to $X in 2021 estimated in export price. In general, production saw a perceptible shrinkage. The pace of growth was the most pronounced in 2015 when the production volume increased by 24% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Peroxides Of Sodium Exports

Exports in ASEAN

In 2021, the amount of peroxides of sodium or potassium exported in ASEAN dropped to X tons, which is down by -8.5% compared with 2020 figures. Overall, exports continue to indicate a mild contraction. The pace of growth appeared the most rapid in 2015 when exports increased by 575% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, peroxides of sodium exports rose remarkably to $X in 2021. Over the period under review, exports saw a pronounced setback. The most prominent rate of growth was recorded in 2015 when exports increased by 213%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Singapore (X tons) and Indonesia (X tons) represented the key exporters of peroxides of sodium or potassium in 2021, accounting for approx. 42% and 36% of total exports, respectively. Malaysia (X tons) held a 17% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (5%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Malaysia (with a CAGR of +44.7%), while the other leaders experienced a decline in the exports figures.

In value terms, Singapore ($X) remains the largest peroxides of sodium supplier in ASEAN, comprising 63% of total exports. The second position in the ranking was held by Indonesia ($X), with a 26% share of total exports. It was followed by Malaysia, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value in Singapore totaled -1.3%. In the other countries, the average annual rates were as follows: Indonesia (-3.3% per year) and Malaysia (+22.5% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, rising by 20% against the previous year. Overall, the export price, however, continues to indicate a noticeable decline. The growth pace was the most rapid in 2014 when the export price increased by 127% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (-0.6%), while the other leaders experienced a decline in the export price figures.

Peroxides Of Sodium Imports

Imports in ASEAN

After three years of decline, supplies from abroad of peroxides of sodium or potassium increased by 25% to X tons in 2021. Over the period under review, imports continue to indicate noticeable growth. The pace of growth appeared the most rapid in 2017 with an increase of 65%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, peroxides of sodium imports soared to $X in 2021. Overall, imports, however, saw a pronounced setback. The pace of growth was the most pronounced in 2016 with an increase of 191% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Malaysia (X tons) and the Philippines (X tons) were the largest importers of peroxides of sodium or potassium in 2021, reaching approx. 34% and 25% of total imports, respectively. It was distantly followed by Myanmar (X tons), Singapore (X tons), Indonesia (X tons) and Thailand (X tons), together committing a 39% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +89.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Indonesia ($X) and the Philippines ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 69% of total imports.

The Philippines, with a CAGR of +67.2%, 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 leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, increasing by 2.2% against the previous year. In general, the import price, however, saw a deep contraction. The most prominent rate of growth was recorded in 2016 an increase of 79%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Indonesia ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (-2.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform