Southern Asia: Anti-Oxidising Preparations Market 2024

Anti-Oxidising Preparations Market Size in Southern Asia

The South Asian anti-oxidising preparations market reduced modestly to $X in 2023, waning by X% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2023, the growth of the market failed to regain momentum.

Anti-Oxidising Preparations Production in Southern Asia

In value terms, anti-oxidising preparations production shrank to $X in 2023 estimated in export price. Over the period under review, production saw a pronounced reduction. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Anti-Oxidising Preparations Exports

Exports in Southern Asia

In 2023, approx. X tons of anti-oxidising preparations and other compounds stabilisers for rubber or plastics were exported in Southern Asia; growing by X% compared with 2022 figures. In general, exports, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

In value terms, anti-oxidising preparations exports fell to $X in 2023. Overall, exports, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India (X tons) and Sri Lanka (X tons) represented roughly X% of total exports in 2023.

From 2012 to 2023, the biggest increases were recorded for Sri Lanka (with a CAGR of X%).

In value terms, the largest anti-oxidising preparations supplying countries in Southern Asia were Sri Lanka ($X) and India ($X).

Sri Lanka, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, falling by X% against the previous year. Over the period under review, the export price continues to indicate a slight downturn. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while India amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%).

Anti-Oxidising Preparations Imports

Imports in Southern Asia

In 2023, after seven 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. Overall, imports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2022, and then contracted in the following year.

In value terms, anti-oxidising preparations imports fell to $X in 2023. Total imports indicated buoyant growth from 2012 to 2023: its value 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, imports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2023, India (X tons) was the major importer of anti-oxidising preparations and other compounds stabilisers for rubber or plastics, making up X% of total imports. Bangladesh (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Pakistan (X%) and Sri Lanka (X%).

From 2012 to 2023, average annual rates of growth with regard to anti-oxidising preparations imports into India stood at X%. At the same time, Bangladesh (X%), Sri Lanka (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. Bangladesh (X p.p.) and Sri Lanka (X p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported anti-oxidising preparations and other compounds stabilisers for rubber or plastics in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports. It was followed by Sri Lanka, with an X% share.

From 2012 to 2023, the average annual growth rate of value in India amounted to X%. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Sri Lanka (X% per year).

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per ton, remaining constant against the previous year. Overall, the import price, however, showed a pronounced reduction. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a 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 India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform