Eastern Asia: Metal Pickling Preparations Market 2024

Metal Pickling Preparations Market Size in Eastern Asia

In 2021, the East Asian metal pickling preparations market decreased by -0.5% to $X, falling for the fourth year in a row after two years of growth. The market value increased at an average annual rate of +1.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Metal Pickling Preparations Production in Eastern Asia

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 +1.3% over the period 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 2016 with an increase of 15%. The level of production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Metal Pickling Preparations Exports

Exports in Eastern Asia

Metal pickling preparations exports skyrocketed to X tons in 2021, rising by 16% on 2020. The total export volume increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal pickling preparations exports soared to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the major exporter of pickling preparations for metal surfaces in Eastern Asia, with the volume of exports reaching X tons, which was approx. 50% of total exports in 2021. It was distantly followed by Japan (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons), together making up a 48% 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, Taiwan (Chinese) (+2.3%) displayed positive paces of growth. South Korea and Japan experienced a relatively flat trend pattern. While the share of China (+15 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Korea (-3.8 p.p.) and Japan (-7.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest metal pickling preparations supplier in Eastern Asia, comprising 49% of total exports. The second position in the ranking was taken by China ($X), with a 19% share of total exports. It was followed by South Korea, with a 15% share.

In Japan, metal pickling preparations exports plunged 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 South Korea (+1.5% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, with an increase of 1.5% against the previous year. Over the period under review, the export price, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2020 an increase of 8.5% against the previous year. 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 failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.4%), while the other leaders experienced more modest paces of growth.

Metal Pickling Preparations Imports

Imports in Eastern Asia

In 2021, purchases 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. In general, imports, however, continue to indicate a noticeable slump. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, metal pickling preparations imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons) and South Korea (X tons) represented roughly 74% of total imports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), making up an 18% share of total imports. Japan (X tons) and Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by South Korea (with a CAGR of +2.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal pickling preparations importing markets in Eastern Asia were China ($X), South Korea ($X) and Taiwan (Chinese) ($X), with a combined 88% share of total imports.

In terms of the main importing countries, South Korea, with a CAGR of +1.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, surging by 6.1% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2017 when the import price increased by 11%. The level of import peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per ton), while Japan ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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