Eastern Asia: Propellant Powders Market 2022

Propellant Powders Market Size in Eastern Asia

After two years of decline, the East Asian propellant powders market increased by X% to $X in 2021. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Propellant Powders Production in Eastern Asia

In value terms, propellant powders production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Propellant Powders Exports

Exports in Eastern Asia

In 2021, overseas shipments of propellant powders were finally on the rise to reach X tons after three years of decline. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, propellant powders exports skyrocketed to $X in 2021. Overall, exports continue to indicate a mild increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China was the key exporting country with an export of around X tons, which finished at X% of total exports. South Korea (X tons) held the second position in the ranking, distantly followed by Japan (X tons). All these countries together took approx. X% share of total exports.

China was also the fastest-growing in terms of the propellant powders exports, with a CAGR of +X% from 2012 to 2021. At the same time, South Korea (+X%) displayed positive paces of growth. By contrast, Japan (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and South Korea increased by +X and +X percentage points, respectively. Japan (-X p.p.) saw their shares reduced.

In value terms, China ($X), South Korea ($X) and Japan ($X) were the countries with the highest levels of exports in 2021.

In terms of the main exporting countries, South Korea, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, which is down by -X% against the previous year. In general, the export price saw a noticeable decline. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

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

Propellant Powders Imports

Imports in Eastern Asia

In 2021, imports of propellant powders in Eastern Asia reduced modestly to X tons, stabilizing at 2020 figures. Over the period under review, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when imports increased by X%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, propellant powders imports amounted to $X in 2021. In general, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2016 when imports increased by X%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Japan (X tons) and South Korea (X tons) represented roughly X% of total imports in 2021. It was distantly followed by China (X tons), comprising a X% share of total imports. Taiwan (Chinese) (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were in Japan (with a CAGR of +X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest propellant powders importing markets in Eastern Asia were Japan ($X), China ($X) and South Korea ($X), together comprising X% of total imports.

Japan, with a CAGR of +X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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