Asia: Anti-Oxidising Preparations Market 2024

Anti-Oxidising Preparations Market Size in Asia

The Asian anti-oxidising preparations market reached $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption saw a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Anti-Oxidising Preparations Production in Asia

In value terms, anti-oxidising preparations production totaled $X in 2022 estimated in export price. In general, production continues to indicate a deep setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Anti-Oxidising Preparations Exports

Exports in Asia

In 2022, after five years of decline, there was significant growth in overseas shipments of anti-oxidising preparations and other compounds stabilisers for rubber or plastics, when their volume increased by X% to X tons. In general, exports, however, faced a significant decrease. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, anti-oxidising preparations exports rose significantly to $X in 2022. Over the period under review, exports, however, recorded a sharp curtailment. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR represented the key exporter of anti-oxidising preparations and other compounds stabilisers for rubber or plastics in Asia, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Saudi Arabia (X tons), India (X tons) and Iran (X tons), together committing a X% share of total exports. Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to anti-oxidising preparations exports from Hong Kong SAR stood at X%. At the same time, Vietnam (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Iran (X%), Saudi Arabia (X%) and India (X%) illustrated a downward trend over the same period. Hong Kong SAR (X p.p.), Saudi Arabia (X p.p.), India (X p.p.), Iran (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) remains the largest anti-oxidising preparations supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports. It was followed by India, with a X% share.

In Hong Kong SAR, anti-oxidising preparations exports shrank by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, reducing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per ton in 2021, and then declined slightly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced a decline in the export price figures.

Anti-Oxidising Preparations Imports

Imports in Asia

In 2022, overseas purchases of anti-oxidising preparations and other compounds stabilisers for rubber or plastics decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, anti-oxidising preparations imports reduced to $X in 2022. Overall, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) and Vietnam (X tons) represented the main importers of anti-oxidising preparations and other compounds stabilisers for rubber or plastics in Asia, together creating X% of total imports. Bangladesh (X tons) ranks next in terms of the total imports with a X% share, followed by Iran (X%). Kuwait (X tons), Hong Kong SAR (X tons) and Saudi Arabia (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Vietnam ($X) and Iran ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Bangladesh, Hong Kong SAR, Kuwait and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

Kuwait, with a CAGR of X%, saw the highest rates of growth with regard to 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

The import price in Asia stood at $X per ton in 2022, almost unchanged from the previous year. Overall, the import price, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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