South-Eastern Asia: Metal Pickling Preparations Market 2024

Metal Pickling Preparations Market Size in South-Eastern Asia

The Southeast Asian metal pickling preparations market soared to $X in 2021, picking up by 19% against the previous year. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +33.5% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Metal Pickling Preparations Production in South-Eastern Asia

In value terms, metal pickling preparations production reduced to $X in 2021 estimated in export price. The total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.3% 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 +3.9% against 2017 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 43%. The level of production peaked at $X in 2020, and then reduced in the following year.

Metal Pickling Preparations Exports

Exports in South-Eastern Asia

In 2021, shipments abroad of pickling preparations for metal surfaces decreased by -6.1% to X tons, falling for the third year in a row after two years of growth. In general, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2018 when exports increased by 17% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, metal pickling preparations exports totaled $X in 2021. Over the period under review, exports showed a noticeable downturn. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore represented the key exporting country with an export of about X tons, which recorded 55% of total exports. Malaysia (X tons) took a 21% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (15%) and Indonesia (4.9%). Vietnam (X tons) took a relatively small share of total exports.

Exports from Singapore decreased at an average annual rate of -3.9% from 2012 to 2021. At the same time, Malaysia (+1.7%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +1.7% from 2012-2021. By contrast, Vietnam (-8.0%), Thailand (-11.6%) and Indonesia (-12.2%) illustrated a downward trend over the same period. While the share of Malaysia (+11 p.p.) and Singapore (+10 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Indonesia (-4.1 p.p.) and Thailand (-10.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest metal pickling preparations supplier in South-Eastern Asia, comprising 74% of total exports. The second position in the ranking was held by Malaysia ($X), with a 12% share of total exports. It was followed by Thailand, with an 11% share.

In Singapore, metal pickling preparations exports remained relatively stable over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+1.7% per year) and Thailand (+0.4% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, surging by 22% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+13.6%), while the other leaders experienced more modest paces of growth.

Metal Pickling Preparations Imports

Imports in South-Eastern Asia

In 2021, imports of pickling preparations for metal surfaces in South-Eastern Asia surged to X tons, with an increase of 16% compared with 2020 figures. The total import volume increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2014 with an increase of 19%. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, metal pickling preparations imports soared to $X in 2021. The total import value increased at an average annual rate of +3.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of metal pickling preparations imports in 2021 were Vietnam (X tons), Malaysia (X tons) and Indonesia (X tons), together resulting at 69% of total import. Thailand (X tons) ranks next in terms of the total imports with a 12% share, followed by the Philippines (12%) and Singapore (6.6%).

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, Vietnam ($X), Malaysia ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 65% share of total imports.

Vietnam, with a CAGR of +13.2%, recorded the highest rates of growth with regard to 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 South-Eastern Asia stood at $X per ton in 2021, increasing by 6.6% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 12% against the previous year. Over the period under review, import prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Thailand ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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