ASEAN: Anti-Oxidising Preparations Market 2024

Anti-Oxidising Preparations Market Size in ASEAN

After three years of growth, the ASEAN anti-oxidising preparations market decreased by X% to $X in 2023. Overall, consumption showed a noticeable shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Anti-Oxidising Preparations Production in ASEAN

In value terms, anti-oxidising preparations production dropped modestly to $X in 2023 estimated in export price. In general, production faced a deep slump. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Anti-Oxidising Preparations Exports

Exports in ASEAN

In 2023, shipments abroad of anti-oxidising preparations and other compounds stabilisers for rubber or plastics was finally on the rise to reach X tons after six years of decline. Overall, exports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, anti-oxidising preparations exports dropped to $X in 2023. In general, exports, however, showed a deep setback. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2023. Vietnam (X tons) and Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to anti-oxidising preparations exports from Indonesia stood at X%. At the same time, Vietnam (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Singapore (X%) illustrated a downward trend over the same period. Indonesia (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Indonesia ($X) remains the largest anti-oxidising preparations supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Indonesia amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per ton, waning by X% against the previous year. Export price indicated pronounced growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, anti-oxidising preparations export price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2021 an increase of X%. The level of export peaked at $X per ton in 2022, and then reduced in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the export price figures.

Anti-Oxidising Preparations Imports

Imports in ASEAN

In 2023, after five years of growth, there was decline in purchases abroad of anti-oxidising preparations and other compounds stabilisers for rubber or plastics, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, anti-oxidising preparations imports contracted to $X in 2023. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2023, imports remained at a lower figure.

Imports by Country

Vietnam (X tons) and Indonesia (X tons) prevails in imports structure, together committing X% of total imports. It was distantly followed by Singapore (X tons), making up a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest anti-oxidising preparations importing markets in ASEAN were Vietnam ($X), Indonesia ($X) and Singapore ($X), with a combined X% share of total imports.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2023, remaining stable against the previous year. Over the period under review, the import price, however, showed a noticeable decline. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform