Overview of the Global Market for Scouring Pastes And Powders

Market Size for Scouring Pastes And Powders

In 2021, the global scouring pastes and powders market decreased by -6.8% to $X for the first time since 2016, thus ending a four-year rising trend. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 9.5%. Global consumption peaked at $X in 2020, and then fell in the following year.

Production of Scouring Pastes And Powders

In value terms, scouring pastes and powders production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by 11% against the previous year. Global production peaked at $X in 2020, and then reduced slightly in the following year.

Exports of Scouring Pastes And Powders

Exports

In 2021, after two years of growth, there was decline in overseas shipments of scouring pastes and powders, when their volume decreased by -4.2% to X tons. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 11% against the previous year. The global exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, scouring pastes and powders exports totaled $X in 2021. Over the period under review, total exports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +79.8% against 2015 indices. The pace of growth appeared the most rapid in 2017 with an increase of 17%. The global exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

In 2021, Japan (X tons), distantly followed by Hungary (X tons), Guatemala (X tons), Poland (X tons) and South Korea (X tons) represented the key exporters of scouring pastes and powders, together creating 71% of total exports. Russia (X tons), Belgium (X tons), Costa Rica (X tons), Italy (X tons), Argentina (X tons) and Germany (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Belgium (with a CAGR of +20.1%), while the other global leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the largest scouring pastes and powders supplier worldwide, comprising 66% of global exports. The second position in the ranking was taken by South Korea ($X), with a 9.5% share of global exports. It was followed by Hungary, with a 4.8% share.

In Japan, scouring pastes and powders exports increased at an average annual rate of +7.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (+19.9% per year) and Hungary (+0.2% per year).

Export Prices by Country

In 2021, the average scouring pastes and powders export price amounted to $X per ton, rising by 18% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, scouring pastes and powders export price increased by +61.4% against 2013 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.5%), while the other global leaders experienced more modest paces of growth.

Imports of Scouring Pastes And Powders

Imports

In 2021, approx. X tons of scouring pastes and powders were imported worldwide; which is down by -11.1% compared with 2020. In general, imports recorded a pronounced shrinkage. The growth pace was the most rapid in 2016 when imports increased by 11%. Over the period under review, global imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, scouring pastes and powders imports amounted to $X in 2021. Overall, imports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 9.8% against the previous year. Global imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Korea represented the major importing country with an import of around X tons, which amounted to 25% of total imports. It was distantly followed by Germany (X tons), France (X tons), Japan (X tons) and the UK (X tons), together achieving a 21% share of total imports. Poland (X tons), Panama (X tons), El Salvador (X tons), Romania (X tons), Canada (X tons), Kazakhstan (X tons), Costa Rica (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

Imports into South Korea decreased at an average annual rate of -1.9% from 2012 to 2021. At the same time, Panama (+153.4%), Costa Rica (+17.7%), Japan (+2.6%), the UK (+2.5%) and Kazakhstan (+1.5%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing importer imported in the world, with a CAGR of +153.4% from 2012-2021. Canada and Germany experienced a relatively flat trend pattern. By contrast, El Salvador (-2.4%), Romania (-2.9%), the Netherlands (-3.6%), France (-5.1%) and Poland (-11.2%) illustrated a downward trend over the same period. Panama (+2.9 p.p.), South Korea (+2.3 p.p.), Japan (+1.9 p.p.), the UK (+1.9 p.p.) and Costa Rica (+1.6 p.p.) significantly strengthened its position in terms of the global imports, while Poland saw its share reduced by -5.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) constitutes the largest market for imported scouring pastes and powders worldwide, comprising 38% of global imports. The second position in the ranking was taken by Japan ($X), with a 9.1% share of global imports. It was followed by Germany, with a 3.7% share.

From 2012 to 2021, the average annual growth rate of value in South Korea totaled -3.6%. In the other countries, the average annual rates were as follows: Japan (-3.4% per year) and Germany (+1.8% per year).

Import Prices by Country

The average scouring pastes and powders import price stood at $X per ton in 2021, with an increase of 20% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Global import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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