Asia-Pacific: Anti-Freezing Preparations Market 2024

Anti-Freezing Preparations Market Size in Asia-Pacific

The Asia-Pacific anti-freezing preparations market amounted to $X in 2021, remaining relatively unchanged against the previous year. The total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% 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 decreased by -0.1% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Anti-Freezing Preparations Production in Asia-Pacific

In value terms, anti-freezing preparations production stood at $X in 2021 estimated in export price. The total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.1% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 21%. The level of production peaked at $X in 2019; afterwards, it flattened through to 2021.

Anti-Freezing Preparations Exports

Exports in Asia-Pacific

In 2021, the amount of anti-freezing preparations and prepared de-icing fluids exported in Asia-Pacific surged to X tons, growing by 25% on 2020 figures. The total export volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 with an increase of 41% 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, anti-freezing preparations exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 33% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The biggest shipments were from China (X tons), Japan (X tons), Thailand (X tons), South Korea (X tons) and Australia (X tons), together accounting for 81% of total export. Indonesia (X tons) took the next position in the ranking, followed by Singapore (X tons). All these countries together took near 12% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Indonesia (with a CAGR of +171.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest anti-freezing preparations supplying countries in Asia-Pacific were Japan ($X), China ($X) and South Korea ($X), together accounting for 52% of total exports. These countries were followed by Australia, Thailand, Singapore and Indonesia, which together accounted for a further 42%.

Indonesia, with a CAGR of +140.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, with an increase of 1.6% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by 5.4% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 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, the country with the highest price was Singapore ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.4%), while the other leaders experienced more modest paces of growth.

Anti-Freezing Preparations Imports

Imports in Asia-Pacific

After two years of decline, overseas purchases of anti-freezing preparations and prepared de-icing fluids increased by 19% to X tons in 2021. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 25% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, anti-freezing preparations imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 18% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons), distantly followed by Australia (X tons), Indonesia (X tons), the Philippines (X tons), South Korea (X tons), Singapore (X tons), Taiwan (Chinese) (X tons), Malaysia (X tons), New Zealand (X tons), Vietnam (X tons) and Thailand (X tons) represented the major importers of anti-freezing preparations and prepared de-icing fluids, together creating 85% of total imports.

Imports into China increased at an average annual rate of +2.2% from 2012 to 2021. At the same time, Singapore (+21.1%), Vietnam (+15.4%), Malaysia (+14.4%), South Korea (+11.8%), the Philippines (+11.2%), Australia (+11.0%), Taiwan (Chinese) (+6.6%), New Zealand (+5.9%), Indonesia (+4.1%) and Thailand (+1.4%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +21.1% from 2012-2021. Singapore (+4.3 p.p.), Vietnam (+3 p.p.), Malaysia (+2.8 p.p.), Australia (+2.6 p.p.), South Korea (+2.5 p.p.) and the Philippines (+2.5 p.p.) significantly strengthened its position in terms of the total imports, while Indonesia, Thailand and China saw its share reduced by -1.5%, -2.8% and -8.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported anti-freezing preparations and prepared de-icing fluids in Asia-Pacific, comprising 22% of total imports. The second position in the ranking was held by Australia ($X), with a 9.2% share of total imports. It was followed by South Korea, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China was relatively modest. In the other countries, the average annual rates were as follows: Australia (+7.5% per year) and South Korea (+14.0% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, remaining relatively unchanged against the previous year. In general, the import price showed a slight reduction. The most prominent rate of growth was recorded in 2017 an increase of 11% against the previous year. 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 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 South Korea (+2.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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