Asia-Pacific: Metal Pickling Preparations Market 2024

Metal Pickling Preparations Market Size in Asia-Pacific

In 2021, the Asia-Pacific metal pickling preparations market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. The market value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Metal Pickling Preparations Production in Asia-Pacific

In value terms, metal pickling preparations production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by 16%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Metal Pickling Preparations Exports

Exports in Asia-Pacific

In 2021, approx. X tons of pickling preparations for metal surfaces were exported in Asia-Pacific; increasing by 13% against the year before. The total export volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal pickling preparations exports skyrocketed to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China was the largest exporting country with an export of about X tons, which accounted for 43% of total exports. Japan (X tons) took the second position in the ranking, followed by South Korea (X tons), Taiwan (Chinese) (X tons), India (X tons) and Singapore (X tons). All these countries together took near 52% share of total exports. Malaysia (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the pickling preparations for metal surfaces exports, with a CAGR of +7.6% from 2012 to 2021. At the same time, India (+2.5%), Taiwan (Chinese) (+2.3%) and Malaysia (+1.7%) displayed positive paces of growth. South Korea and Japan experienced a relatively flat trend pattern. By contrast, Singapore (-3.9%) illustrated a downward trend over the same period. While the share of China (+18 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Japan (-2.8 p.p.) and Singapore (-3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest metal pickling preparations supplier in Asia-Pacific, comprising 40% of total exports. The second position in the ranking was held by China ($X), with a 15% share of total exports. It was followed by Singapore, with a 13% share.

In Japan, metal pickling preparations exports shrank by an average annual rate of -1.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: China (+8.7% per year) and Singapore (+0.6% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, surging by 3.7% against the previous year. Over the period under review, the export price, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 9.5%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Singapore ($X per ton), while India ($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 (+4.6%), while the other leaders experienced more modest paces of growth.

Metal Pickling Preparations Imports

Imports in Asia-Pacific

In 2021, after two years of decline, there was significant growth in supplies from abroad of pickling preparations for metal surfaces, when their volume increased by 16% to X tons. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal pickling preparations imports soared to $X in 2021. The total import value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat 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

The purchases of the nine major importers of pickling preparations for metal surfaces, namely China, Vietnam, South Korea, Malaysia, Indonesia, India, Taiwan (Chinese), Thailand and the Philippines, represented more than two-thirds of total import.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +16.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 48% of total imports.

Vietnam, with a CAGR of +13.2%, 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

The import price in Asia-Pacific stood at $X per ton in 2021, increasing by 7.5% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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