Southern Asia: Market for Scouring Pastes And Powders 2024

Market Size for Scouring Pastes And Powders in Southern Asia

The South Asian scouring pastes and powders market contracted to $X in 2023, shrinking by X% against the previous year. The market value 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. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Production of Scouring Pastes And Powders in Southern Asia

In value terms, scouring pastes and powders production dropped modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Exports of Scouring Pastes And Powders

Exports in Southern Asia

In 2023, exports of scouring pastes and powders in Southern Asia soared to X tons, picking up by X% against 2022 figures. In general, exports showed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, scouring pastes and powders exports skyrocketed to $X in 2023. Overall, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in years to come.

Exports by Country

The shipments of the one major exporters of scouring pastes and powders, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the scouring pastes and powders exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest scouring pastes and powders supplier in Southern Asia.

From 2012 to 2023, the average annual growth rate of value in India totaled X%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, falling by X% against the previous year. Overall, the export price continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2017; however, from 2018 to 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2023, the rate of growth in terms of prices for India amounted to X% per year.

Imports of Scouring Pastes And Powders

Imports in Southern Asia

Scouring pastes and powders imports fell markedly to X tons in 2023, reducing by X% on the year before. Over the period under review, imports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2022, and then contracted sharply in the following year.

In value terms, scouring pastes and powders imports shrank significantly to $X in 2023. Overall, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2023, imports remained at a lower figure.

Imports by Country

India represented the key importer of scouring pastes and powders in Southern Asia, with the volume of imports recording X tons, which was near X% of total imports in 2023. Bangladesh (X tons) ranks second in terms of the total imports with a X% share, followed by Bhutan (X%) and Nepal (X%). Sri Lanka (X tons) followed a long way behind the leaders.

Imports into India increased at an average annual rate of X% from 2012 to 2023. At the same time, Bhutan (X%), Bangladesh (X%) and Nepal (X%) displayed positive paces of growth. Moreover, Bhutan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. By contrast, Sri Lanka (X%) illustrated a downward trend over the same period. Bhutan (X p.p.) and Bangladesh (X p.p.) significantly strengthened its position in terms of the total imports, while Nepal and Sri Lanka saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported scouring pastes and powders in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total imports. It was followed by Bhutan, with a X% share.

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

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 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 Sri Lanka ($X per ton), while Nepal ($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 a decline in the import price figures.

Source: IndexBox Platform