ASEAN: Market for Scouring Pastes And Powders 2024

Market Size for Scouring Pastes And Powders in ASEAN

In 2021, the ASEAN scouring pastes and powders market increased by 0.3% to $X, rising for the fourth year in a row after two years of decline. The market value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Scouring Pastes And Powders in ASEAN

In value terms, scouring pastes and powders production declined slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 21% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Scouring Pastes And Powders

Exports in ASEAN

Scouring pastes and powders exports declined slightly to X tons in 2021, which is down by -4.5% against 2020. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 34%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, scouring pastes and powders exports fell slightly to $X in 2021. In general, exports recorded a perceptible slump. The pace of growth was the most pronounced in 2020 with an increase of 43% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Vietnam was the main exporter of scouring pastes and powders in ASEAN, with the volume of exports resulting at X tons, which was approx. 47% of total exports in 2021. Thailand (X tons) held the second position in the ranking, distantly followed by Malaysia (X tons) and Singapore (X tons). All these countries together took approx. 50% share of total exports. Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Thailand (with a CAGR of +6.9%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Malaysia ($X) and Thailand ($X) were the countries with the highest levels of exports in 2021, with a combined 83% share of total exports.

Among the main exporting countries, Vietnam, with a CAGR of +6.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price, however, showed a pronounced slump. The pace of growth appeared the most rapid in 2020 when the export price increased by 17% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, 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 Vietnam (+2.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Scouring Pastes And Powders

Imports in ASEAN

In 2021, approx. X tons of scouring pastes and powders were imported in ASEAN; with a decrease of -9.8% on 2020 figures. In general, imports saw a pronounced downturn. The growth pace was the most rapid in 2020 when imports increased by 93% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, scouring pastes and powders imports expanded sharply to $X in 2021. Overall, imports continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2016 when imports increased by 60% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Vietnam (X tons), Thailand (X tons), Singapore (X tons) and Malaysia (X tons) represented roughly 90% of total imports in 2021. Lao People's Democratic Republic (X tons) and the Philippines (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of +26.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constitutes the largest market for imported scouring pastes and powders in ASEAN, comprising 40% of total imports. The second position in the ranking was held by Vietnam ($X), with a 20% share of total imports. It was followed by Malaysia, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Thailand amounted to -8.4%. In the other countries, the average annual rates were as follows: Vietnam (+30.7% per year) and Malaysia (-11.4% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2021, jumping by 22% against the previous year. Over the period under review, the import price, however, showed a perceptible setback. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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 Thailand ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+7.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform