Asia-Pacific: Market for Scouring Pastes And Powders 2024

Market Size for Scouring Pastes And Powders in Asia-Pacific

In 2022, the Asia-Pacific scouring pastes and powders market decreased by X% to $X, falling for the second year in a row after four years of growth. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Scouring Pastes And Powders in Asia-Pacific

In value terms, scouring pastes and powders production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Exports of Scouring Pastes And Powders

Exports in Asia-Pacific

For the third year in a row, Asia-Pacific recorded growth in overseas shipments of scouring pastes and powders, which increased by X% to X tons in 2022. Total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, scouring pastes and powders exports reduced modestly to $X in 2022. Over the period under review, exports saw a resilient increase. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then declined modestly in the following year.

Exports by Country

Japan was the key exporter of scouring pastes and powders in Asia-Pacific, with the volume of exports reaching X tons, which was near X% of total exports in 2022. It was distantly followed by South Korea (X tons), creating a X% share of total exports. China (X tons) and India (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to scouring pastes and powders exports from Japan stood at X%. At the same time, South Korea (X%) and India (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, China (X%) illustrated a downward trend over the same period. While the share of South Korea (X p.p.) and Japan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest scouring pastes and powders supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by China, with a X% share.

In Japan, scouring pastes and powders exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, reducing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2021, and then declined slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Imports of Scouring Pastes And Powders

Imports in Asia-Pacific

In 2022, overseas purchases of scouring pastes and powders decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, scouring pastes and powders imports declined to $X in 2022. Overall, imports showed a noticeable contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

South Korea represented the key importer of scouring pastes and powders in Asia-Pacific, with the volume of imports reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Japan (X tons), comprising a X% share of total imports. The following importers - Hong Kong SAR (X tons), India (X tons), Thailand (X tons), China (X tons), Malaysia (X tons) and New Zealand (X tons) - together made up X% of total imports.

Imports into South Korea decreased at an average annual rate of X% from 2012 to 2022. At the same time, New Zealand (X%), India (X%) and Japan (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, China (X%), Thailand (X%), Hong Kong SAR (X%) and Malaysia (X%) illustrated a downward trend over the same period. While the share of Japan (X p.p.) and India (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Hong Kong SAR (X p.p.), South Korea (X p.p.) and Malaysia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) constitutes the largest market for imported scouring pastes and powders in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

In South Korea, scouring pastes and powders imports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and Thailand (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price showed a pronounced slump. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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