China: Metal Pickling Preparations Market 2024

Metal Pickling Preparations Market Size in China

The Chinese metal pickling preparations market fell to $X in 2021, with a decrease of -4.3% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Metal Pickling Preparations Production in China

In value terms, metal pickling preparations production declined modestly to $X in 2021 estimated in export price. Overall, the total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +2.3% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 34% against the previous year. Metal pickling preparations production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Metal Pickling Preparations Exports

Exports from China

In 2021, the amount of pickling preparations for metal surfaces exported from China surged to X tons, growing by 21% against 2020 figures. In general, total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +90.6% against 2017 indices. The growth pace was the most rapid in 2018 with an increase of 30%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, metal pickling preparations exports soared to $X in 2021. Over the period under review, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +8.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +19.3% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Pakistan (X tons), Vietnam (X tons) and Taiwan (Chinese) (X tons) were the main destinations of metal pickling preparations exports from China, together accounting for 34% of total exports. These countries were followed by Indonesia, Nigeria, India, South Korea, Thailand, Bangladesh, Malaysia, Egypt and Turkey, which together accounted for a further 48%.

From 2012 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of +32.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), South Korea ($X) and India ($X) appeared to be the largest markets for metal pickling preparations exported from China worldwide, together accounting for 35% of total exports. These countries were followed by Indonesia, Taiwan (Chinese), Pakistan, Thailand, Nigeria, Malaysia, Bangladesh, Turkey and Egypt, which together accounted for a further 33%.

Among the main countries of destination, Nigeria, with a CAGR of +29.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal pickling preparations export price stood at $X per ton in 2021, with an increase of 11% against the previous year. Over the last nine years, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2016 when the average export price increased by 29%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per ton), while the average price for exports to Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Pickling Preparations Imports

Imports into China

In 2021, supplies from abroad of pickling preparations for metal surfaces was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2018 with an increase of 25%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, metal pickling preparations imports soared to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Japan (X tons), Taiwan (Chinese) (X tons) and Germany (X tons) were the main suppliers of metal pickling preparations imports to China, with a combined 67% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +1.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Japan ($X) constituted the largest supplier of pickling preparations for metal surfaces to China, comprising 35% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 12% share of total imports. It was followed by South Korea, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+2.4% per year) and South Korea (-6.7% per year).

Import Prices by Country

The average metal pickling preparations import price stood at $X per ton in 2021, growing by 10% against the previous year. Over the last nine years, it increased at an average annual rate of +5.3%. The pace of growth appeared the most rapid in 2013 an increase of 25%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Singapore ($X per ton), while the price for France ($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 United States (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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