South-Eastern Asia: Anti-Oxidising Preparations Market 2024

Anti-Oxidising Preparations Market Size in South-Eastern Asia

In 2023, after three years of growth, there was decline in the Southeast Asian anti-oxidising preparations market, when its value decreased by X% to $X. Over the period under review, consumption recorded a noticeable shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Anti-Oxidising Preparations Production in South-Eastern Asia

In value terms, anti-oxidising preparations production dropped modestly to $X in 2023 estimated in export price. Overall, production saw a abrupt descent. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Anti-Oxidising Preparations Exports

Exports in South-Eastern Asia

In 2023, after six years of decline, there was 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 abrupt decrease. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2017 to 2023, the growth of the exports failed to regain momentum.

In value terms, anti-oxidising preparations exports declined to $X in 2023. In general, exports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2022 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Indonesia dominates exports structure, reaching X tons, which was near X% of total exports in 2023. The following exporters - Vietnam (X tons) and Singapore (X tons) - together made up X% of total exports.

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 South-Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Singapore (X%) illustrated a downward trend over the same period. While the share of Indonesia (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Singapore (X p.p.) displayed negative dynamics.

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

From 2012 to 2023, the average annual growth rate of value in Indonesia totaled 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 South-Eastern Asia amounted to $X per ton, which is down by X% against the previous year. Export price indicated a noticeable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. 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 growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then contracted 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 South-Eastern Asia

In 2023, after five years of growth, there was decline in supplies from 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% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 dropped modestly in the following year.

In value terms, anti-oxidising preparations imports shrank slightly to $X in 2023. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 with an increase of X%. The level of import peaked 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 generating X% of total imports. It was distantly followed by Singapore (X tons), creating a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

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

Vietnam, with a CAGR of X%, recorded 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 mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per ton, approximately reflecting the previous year. In general, the import price, however, continues to indicate a noticeable setback. 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