Asia: Metal Pickling Preparations Market 2024

Metal Pickling Preparations Market Size in Asia

The Asian metal pickling preparations market was finally on the rise to reach $X in 2021, after three years of decline. The market value increased at an average annual rate of +2.9% over the period 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 stood at a somewhat lower figure.

Metal Pickling Preparations Production in Asia

In value terms, metal pickling preparations production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 16%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Metal Pickling Preparations Exports

Exports in Asia

In 2021, approx. X tons of pickling preparations for metal surfaces were exported in Asia; surging by 14% on the year before. The total export volume increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. 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 soared to $X in 2021. Overall, exports, however, showed a relatively flat trend pattern. The level of export peaked at $X in 2012; afterwards, it flattened through to 2021.

Exports by Country

China was the key exporter of pickling preparations for metal surfaces in Asia, with the volume of exports accounting for X tons, which was near 41% of total exports in 2021. It was distantly followed by Japan (X tons), South Korea (X tons), Taiwan (Chinese) (X tons), India (X tons) and Singapore (X tons), together creating a 50% share of total exports. Turkey (X tons) held a minor share of total exports.

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, Turkey (+6.0%), India (+2.5%) and Taiwan (Chinese) (+2.3%) 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 (+16 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Korea (-1.6 p.p.), Singapore (-3.3 p.p.) and Japan (-4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest metal pickling preparations supplier in Asia, comprising 39% of total exports. The second position in the ranking was held by China ($X), with a 15% share of total exports. It was followed by Singapore, with a 13% share.

In Japan, metal pickling preparations exports plunged by an average annual rate of -1.0% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: China (+8.7% per year) and Singapore (+0.6% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, surging by 2.9% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2020 when the export price increased by 9.4%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 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 ($X per ton), while India ($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

In 2021, overseas purchases of pickling preparations for metal surfaces were finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal pickling preparations imports skyrocketed 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 consistent, 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.

Imports by Country

The purchases of the eleven major importers of pickling preparations for metal surfaces, namely China, Vietnam, South Korea, Malaysia, Indonesia, India, Taiwan (Chinese), Turkey, Thailand, the Philippines and the United Arab Emirates, 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 comprising 46% of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of +13.2%, recorded the highest growth rate of the value of imports, 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 Asia amounted to $X per ton, rising by 6.1% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2013; afterwards, it flattened through to 2021.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the United Arab Emirates ($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

Frequently Asked Questions (FAQ) :