Southern Asia: Metal Pickling Preparations Market 2024

Metal Pickling Preparations Market Size in Southern Asia

The South Asian metal pickling preparations market rose significantly to $X in 2021, increasing by 10% against the previous year. The total consumption indicated a strong expansion from 2012 to 2021: its value 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, consumption decreased by -6.9% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Metal Pickling Preparations Production in Southern Asia

In value terms, metal pickling preparations production expanded sharply to $X in 2021 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -7.7% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 38% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Metal Pickling Preparations Exports

Exports in Southern Asia

In 2021, overseas shipments of pickling preparations for metal surfaces decreased by -5.7% to X tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 43% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, metal pickling preparations exports shrank dramatically to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 14%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, India (X tons) was the main exporter of pickling preparations for metal surfaces in Southern Asia, making up 100% of total export.

India was also the fastest-growing in terms of the pickling preparations for metal surfaces exports, with a CAGR of +2.5% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest metal pickling preparations supplier in Southern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in India was relatively modest.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, falling by -11.1% against the previous year. In general, the export price continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2017 when the export price increased by 11% 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.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -2.6% per year.

Metal Pickling Preparations Imports

Imports in Southern Asia

In 2021, imports of pickling preparations for metal surfaces in Southern Asia reached X tons, with an increase of 14% compared with the year before. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -1.2% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 26% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, metal pickling preparations imports skyrocketed to $X in 2021. Total imports indicated a buoyant expansion 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) represented the largest importer of pickling preparations for metal surfaces, generating 56% of total imports. Bangladesh (X tons) ranks second in terms of the total imports with a 23% share, followed by Pakistan (17%). Nepal (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to metal pickling preparations imports into India stood at +7.0%. At the same time, Pakistan (+10.1%), Nepal (+3.4%) and Bangladesh (+2.0%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +10.1% from 2012-2021. Pakistan (+5 p.p.) and India (+4.8 p.p.) significantly strengthened its position in terms of the total imports, while Bangladesh saw its share reduced by -9.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported pickling preparations for metal surfaces in Southern Asia, comprising 76% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 13% share of total imports. It was followed by Bangladesh, with a 9.1% share.

In India, metal pickling preparations imports expanded at an average annual rate of +7.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+6.1% per year) and Bangladesh (+2.3% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, rising by 14% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import 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 importing countries. In 2021, the country with the highest price was India ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+0.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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