Eastern Asia: Anti-Oxidising Preparations Market 2024

Anti-Oxidising Preparations Market Size in Eastern Asia

The East Asian anti-oxidising preparations market contracted modestly to $X in 2023, waning by X% against the previous year. Overall, consumption, however, showed a deep downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Anti-Oxidising Preparations Production in Eastern Asia

In value terms, anti-oxidising preparations production shrank to $X in 2023 estimated in export price. In general, production, however, continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Anti-Oxidising Preparations Exports

Exports in Eastern Asia

In 2023, after eight years of decline, there was significant growth in overseas shipments of anti-oxidising preparations and other compounds stabilisers for rubber or plastics, when their volume increased by X% to X tons. Over the period under review, exports, however, showed a precipitous decrease. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, anti-oxidising preparations exports expanded slightly to $X in 2023. Overall, exports, however, recorded a sharp decline. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Hong Kong SAR (X tons) represented the main exporter of anti-oxidising preparations and other compounds stabilisers for rubber or plastics, constituting X% of total exports. It was distantly followed by South Korea (X tons) and Taiwan (Chinese) (X tons), together constituting a X% share of total exports. Japan (X tons) held a little share of total exports.

Hong Kong SAR was also the fastest-growing in terms of the anti-oxidising preparations and other compounds stabilisers for rubber or plastics exports, with a CAGR of X% from 2012 to 2023. South Korea (X%), Japan (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. Hong Kong SAR (X p.p.) significantly strengthened its position in terms of the total exports, while Japan, South Korea and Taiwan (Chinese) saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

In value terms, Hong Kong SAR ($X) remains the largest anti-oxidising preparations supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

In Hong Kong SAR, anti-oxidising preparations exports shrank by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Japan (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per ton, waning by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then fell slightly in the following year.

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

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

Anti-Oxidising Preparations Imports

Imports in Eastern Asia

In 2023, purchases abroad of anti-oxidising preparations and other compounds stabilisers for rubber or plastics decreased by X% to X tons for the first time since 2017, thus ending a five-year rising trend. Over the period under review, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, anti-oxidising preparations imports fell to $X in 2023. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, South Korea (X tons) was the largest importer of anti-oxidising preparations and other compounds stabilisers for rubber or plastics, committing X% of total imports. Taiwan (Chinese) (X tons) took the second position in the ranking, followed by Japan (X tons) and Hong Kong SAR (X tons). All these countries together held near X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest anti-oxidising preparations importing markets in Eastern Asia were South Korea ($X), Japan ($X) and Taiwan (Chinese) ($X), together comprising X% of total imports.

Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2023, leveling off at the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2023, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Japan ($X per ton) and Taiwan (Chinese) ($X per ton), while Hong Kong SAR ($X per ton) and South Korea ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform