Eastern Asia: Propellant Powders Market 2024

Propellant Powders Market Size in Eastern Asia

In 2021, after two years of decline, there was growth in the East Asian propellant powders market, when its value increased by 1.5% to $X. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Propellant Powders Production in Eastern Asia

In value terms, propellant powders production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 24%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Propellant Powders Exports

Exports in Eastern Asia

In 2021, overseas shipments of propellant powders were finally on the rise to reach X tons after three years of decline. Overall, exports saw a notable expansion. The most prominent rate of growth was recorded in 2016 with an increase of 58% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, propellant powders exports skyrocketed to $X in 2021. In general, exports, however, recorded a slight slump. The most prominent rate of growth was recorded in 2016 with an increase of 50%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

China represented the main exporter of propellant powders in Eastern Asia, with the volume of exports finishing at X tons, which was near 83% of total exports in 2021. It was distantly followed by Japan (X tons), comprising a 16% share of total exports.

China was also the fastest-growing in terms of the propellant powders exports, with a CAGR of +16.5% from 2012 to 2021. Japan (-11.7%) illustrated a downward trend over the same period. China (+57 p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by -44.6% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest propellant powders supplier in Eastern Asia, comprising 70% of total exports. The second position in the ranking was held by Japan ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China amounted to +12.8%.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, shrinking by -16.2% against the previous year. Over the period under review, the export price showed a noticeable decline. The pace of growth was the most pronounced in 2018 when the export price increased by 16% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+0.0%).

Propellant Powders Imports

Imports in Eastern Asia

In 2021, overseas purchases of propellant powders increased by 28% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, showed a slight reduction. The growth pace was the most rapid in 2016 when imports increased by 42% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, propellant powders imports skyrocketed to $X in 2021. In general, imports, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 22% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, South Korea (X tons) and Japan (X tons) were the key importers of propellant powders in Eastern Asia, together constituting 88% of total imports. It was distantly followed by China (X tons), generating a 10% share of total imports. Taiwan (Chinese) (X tons) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +20.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest propellant powders importing markets in Eastern Asia were Japan ($X), South Korea ($X) and China ($X), with a combined 99% share of total imports. These countries were followed by Taiwan (Chinese), which accounted for a further 1.4%.

In terms of the main importing countries, Taiwan (Chinese), with a CAGR of +31.0%, 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 Eastern Asia amounted to $X per ton, reducing by -5.9% against the previous year. In general, the import price recorded a slight decline. The pace of growth was the most pronounced in 2017 when the import price increased by 11% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while South Korea ($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) (+8.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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