ASEAN: Metal Pickling Preparations Market 2024

Metal Pickling Preparations Market Size in ASEAN

The ASEAN metal pickling preparations market skyrocketed to $X in 2021, growing by 19% against the previous year. The total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +33.4% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Metal Pickling Preparations Production in ASEAN

In value terms, metal pickling preparations production reduced to $X in 2021 estimated in export price. The total production indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +3.9% against 2017 indices. The growth pace was the most rapid in 2017 when the production volume increased by 43% against the previous year. The level of production peaked at $X in 2020, and then declined in the following year.

Metal Pickling Preparations Exports

Exports in ASEAN

In 2021, overseas shipments of pickling preparations for metal surfaces decreased by -6.1% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 17% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal pickling preparations exports rose significantly to $X in 2021. Overall, exports saw a perceptible decrease. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Singapore was the major exporter of pickling preparations for metal surfaces in ASEAN, with the volume of exports accounting for X tons, which was approx. 55% of total exports in 2021. Malaysia (X tons) ranks second in terms of the total exports with a 21% share, followed by Thailand (15%) and Indonesia (4.9%). Vietnam (X tons) followed a long way behind the leaders.

Exports from Singapore decreased at an average annual rate of -3.9% from 2012 to 2021. At the same time, Malaysia (+1.7%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +1.7% from 2012-2021. By contrast, Vietnam (-8.0%), Thailand (-11.6%) and Indonesia (-12.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Malaysia and Singapore increased by +11 and +10 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest metal pickling preparations supplier in ASEAN, comprising 74% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 12% share of total exports. It was followed by Thailand, with an 11% share.

In Singapore, metal pickling preparations exports remained relatively stable over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+1.7% per year) and Thailand (+0.4% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, with an increase of 22% against the previous year. Over the last nine years, it increased at an average annual rate of +2.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+13.6%), while the other leaders experienced more modest paces of growth.

Metal Pickling Preparations Imports

Imports in ASEAN

In 2021, the amount of pickling preparations for metal surfaces imported in ASEAN skyrocketed to X tons, jumping by 16% against the previous year's figure. The total import volume increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 19%. The volume of import peaked in 2021 and is likely to see steady growth in years to come.

In value terms, metal pickling preparations imports soared to $X in 2021. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Vietnam (X tons), Malaysia (X tons) and Indonesia (X tons) represented roughly 69% of total imports in 2021. Thailand (X tons) ranks next in terms of the total imports with a 12% share, followed by the Philippines (12%) and Singapore (6.6%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of +16.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Malaysia ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 65% share of total imports.

Among the main importing countries, Vietnam, with a CAGR of +13.2%, saw the highest growth rate of the value of imports, 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, growing by 6.7% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the import price increased by 12% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per ton), while Indonesia ($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 (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform