ASEAN: Propellant Powders Market 2024

Propellant Powders Market Size in ASEAN

The ASEAN propellant powders market dropped to $X in 2021, reducing by -1.9% against the previous year. Overall, consumption showed a abrupt descent. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Propellant Powders Production in ASEAN

In value terms, propellant powders production contracted modestly to $X in 2021 estimated in export price. In general, production continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2013 when the production volume increased by 26% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Propellant Powders Exports

Exports in ASEAN

For the fourth year in a row, ASEAN recorded growth in overseas shipments of propellant powders, which increased by 72% to X tons in 2021. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 900% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, propellant powders exports soared to $X in 2021. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand was the key exporter of propellant powders in ASEAN, with the volume of exports recording X tons, which was near 83% of total exports in 2021. It was distantly followed by Singapore (X tons), creating a 13% share of total exports. Vietnam (X tons) followed a long way behind the leaders.

Thailand was also the fastest-growing in terms of the propellant powders exports, with a CAGR of +303.4% from 2012 to 2021. At the same time, Singapore (+41.3%) and Vietnam (+11.5%) displayed positive paces of growth. Thailand (+83 p.p.) and Singapore (+9.1 p.p.) significantly strengthened its position in terms of the total exports, while Vietnam saw its share reduced by -5.7% from 2012 to 2021, respectively.

In value terms, Singapore ($X) remains the largest propellant powders supplier in ASEAN, comprising 71% of total exports. The second position in the ranking was taken by Thailand ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Singapore totaled +98.5%. In the other countries, the average annual rates were as follows: Thailand (+402.2% per year) and Vietnam (+17.5% per year).

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per ton, rising by 295% against the previous year. In general, the export price showed a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam ($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 (+40.5%), while the other leaders experienced more modest paces of growth.

Propellant Powders Imports

Imports in ASEAN

In 2021, imports of propellant powders in ASEAN soared to X tons, picking up by 22% compared with the previous year. Overall, imports saw a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, propellant powders imports reduced dramatically to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 32%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Indonesia (X tons), the Philippines (X tons), Thailand (X tons) and Lao People's Democratic Republic (X tons) represented roughly 97% of total imports in 2021. Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +35.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Thailand ($X) and the Philippines ($X) were the countries with the highest levels of imports in 2021, together comprising 79% of total imports. These countries were followed by Lao People's Democratic Republic and Malaysia, which together accounted for a further 20%.

Lao People's Democratic Republic, with a CAGR of +34.2%, recorded 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, declining by -39.4% against the previous year. Over the period under review, the import price saw a slight curtailment. The most prominent rate of growth was recorded in 2020 when the import price increased by 72% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined dramatically in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+12.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform