South-Eastern Asia: Propellant Powders Market 2024

Propellant Powders Market Size in South-Eastern Asia

The Southeast Asian propellant powders market dropped to $X in 2021, shrinking by -1.9% against the previous year. Overall, consumption recorded a deep setback. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Propellant Powders Production in South-Eastern Asia

In value terms, propellant powders production dropped slightly to $X in 2021 estimated in export price. Overall, production saw a deep downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by 26%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Propellant Powders Exports

Exports in South-Eastern Asia

For the fourth consecutive year, South-Eastern Asia recorded growth in shipments abroad of propellant powders, which increased by 72% to X tons in 2021. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 900%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, propellant powders exports surged to $X in 2021. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Thailand (X tons) was the major exporter of propellant powders, comprising 83% of total exports. It was distantly followed by Singapore (X tons), achieving a 13% share of total exports. Vietnam (X tons) followed a long way behind the leaders.

Thailand was also the fastest-growing in terms of the propellant powders exports, with a CAGR of +303.4% from 2012 to 2021. At the same time, Singapore (+41.3%) and Vietnam (+11.5%) displayed positive paces of growth. From 2012 to 2021, the share of Thailand and Singapore increased by +83 and +9.1 percentage points, respectively.

In value terms, Singapore ($X) remains the largest propellant powders supplier in South-Eastern Asia, comprising 71% of total exports. The second position in the ranking was held by Thailand ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Singapore totaled +98.5%. In the other countries, the average annual rates were as follows: Thailand (+402.2% per year) and Vietnam (+17.5% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, rising by 295% against the previous year. Over the period under review, the export price saw a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam ($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 (+40.5%), while the other leaders experienced more modest paces of growth.

Propellant Powders Imports

Imports in South-Eastern Asia

In 2021, approx. X tons of propellant powders were imported in South-Eastern Asia; increasing by 22% compared with the year before. Over the period under review, imports showed a relatively flat trend pattern. The volume of import peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, propellant powders imports declined remarkably to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 32%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of propellant powders imports in 2021 were Indonesia (X tons), the Philippines (X tons), Thailand (X tons) and Lao People's Democratic Republic (X tons), together amounting to 97% of total import. Malaysia (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 key importing countries, was attained by Lao People's Democratic Republic (with a CAGR of +35.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest propellant powders importing markets in South-Eastern Asia were Indonesia ($X), Thailand ($X) and the Philippines ($X), with a combined 79% share of total imports. Lao People's Democratic Republic and Malaysia lagged somewhat behind, together comprising a further 20%.

Among the main importing countries, Lao People's Democratic Republic, with a CAGR of +34.2%, recorded the highest rates of growth with regard to 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 South-Eastern Asia amounted to $X per ton, waning by -39.4% against the previous year. In general, the import price saw a mild contraction. The most prominent rate of growth was recorded in 2020 an increase of 72%. As a result, import price attained the peak level of $X per ton, and then shrank notably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+12.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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