Metal Pickling Preparations Market

The article discusses the forecasted growth of the metal pickling preparations market from 2022 to 2030, with expected increases in both consumption and production. Key findings include rising global consumption, particularly in countries like China, the United States, and India. The article also covers import and export trends, highlighting key countries involved in the trade of metal pickling preparations. Overall, the market is expected to see steady growth in the coming years.

Market Forecast

Driven by rising demand for metal pickling preparations worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.3% for the period from 2022 to 2030, which is projected to bring the market volume to 1.3M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.2% for the period from 2022 to 2030, which is projected to bring the market value to $7.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Pickling Preparations For Metal Surfaces

Global metal pickling preparations consumption rose remarkably to 1.3M tons in 2022, surging by 5.5% against the previous year's figure. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak volume of 1.5M tons. From 2015 to 2022, the growth of the global consumption remained at a somewhat lower figure.

The global metal pickling preparations market revenue rose sharply to $6.9B in 2022, with an increase of 12% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the global market hit record highs at $7.3B in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (282K tons), the United States (142K tons) and India (119K tons), with a combined 42% share of global consumption. Mexico, Turkey, Japan, Brazil, Germany, France, the Netherlands, Iran, Spain and Canada lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +7.9%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest metal pickling preparations markets worldwide were the United States ($1.2B), Turkey ($1.1B) and Mexico ($560M), with a combined 43% share of the global market. China, Japan, India, Brazil, Canada, Germany, Spain, the Netherlands, France and Iran lagged somewhat behind, together comprising a further 25%.

Spain, with a CAGR of +9.9%, recorded the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of metal pickling preparations per capita consumption was registered in the Netherlands (1,411 kg per 1000 persons), followed by Turkey (576 kg per 1000 persons), Canada (515 kg per 1000 persons) and Spain (438 kg per 1000 persons), while the world average per capita consumption of metal pickling preparations was estimated at 162 kg per 1000 persons.

In the Netherlands, metal pickling preparations per capita consumption plunged by an average annual rate of -5.3% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Turkey (-4.0% per year) and Canada (-1.3% per year).

Production

World Production of Pickling Preparations For Metal Surfaces

Global metal pickling preparations production rose slightly to 1.3M tons in 2022, surging by 2.5% on the previous year. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 8%. As a result, production reached the peak volume of 1.5M tons. From 2015 to 2022, global production growth failed to regain momentum.

In value terms, metal pickling preparations production expanded slightly to $6.3B in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 18% against the previous year. Global production peaked at $9.4B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Production By Country

China (341K tons) remains the largest metal pickling preparations producing country worldwide, accounting for 27% of total volume. Moreover, metal pickling preparations production in China exceeded the figures recorded by the second-largest producer, the United States (153K tons), twofold. The third position in this ranking was taken by India (110K tons), with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at +2.9%. In the other countries, the average annual rates were as follows: the United States (+1.4% per year) and India (+2.0% per year).

Imports

World Imports of Pickling Preparations For Metal Surfaces

In 2022, overseas purchases of pickling preparations for metal surfaces increased by 9.6% to 415K tons, rising for the second consecutive year after two years of decline. Overall, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, global imports hit record highs at 426K tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, metal pickling preparations imports expanded notably to $2.2B in 2022. The total import value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 21% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the near future.

Imports By Country

In 2022, Mexico (29K tons), China (27K tons), Malaysia (20K tons), India (20K tons), the Czech Republic (19K tons), Indonesia (17K tons), South Korea (16K tons), Russia (15K tons), Vietnam (14K tons), the United States (13K tons), Germany (12K tons) and Turkey (12K tons) represented the main importer of pickling preparations for metal surfaces in the world, committing 52% of total import. Taiwan (Chinese) (11K tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +9.2%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest metal pickling preparations importing markets worldwide were China ($271M), Malaysia ($155M) and Mexico ($148M), together accounting for 26% of global imports. South Korea, Vietnam, the United States, India, Taiwan (Chinese), Germany, Indonesia, the Czech Republic, Turkey and Russia lagged somewhat behind, together comprising a further 35%.

In terms of the main importing countries, Vietnam, with a CAGR of +13.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average metal pickling preparations import price stood at $5,211 per ton in 2022, with a decrease of -2.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 12% against the previous year. As a result, import price reached the peak level of $5,362 per ton, and then reduced modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($9,899 per ton), while Russia ($1,168 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.3%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Pickling Preparations For Metal Surfaces

In 2022, approx. 407K tons of pickling preparations for metal surfaces were exported worldwide; leveling off at 2021 figures. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 8.6%. The global exports peaked at 420K tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, metal pickling preparations exports rose rapidly to $2B in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 17%. Over the period under review, the global exports attained the peak figure in 2022 and are likely to continue growth in years to come.

Exports By Country

China (86K tons) and Germany (70K tons) represented roughly 39% of total exports in 2022. Japan (34K tons) ranks next in terms of the total exports with an 8.4% share, followed by France (7%), the United States (5.9%), South Korea (5.2%) and Poland (4.7%). Taiwan (Chinese) (17K tons), the Czech Republic (15K tons), Belgium (13K tons), India (10K tons), Singapore (9.2K tons) and Italy (7.6K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by China (with a CAGR of +7.6%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest metal pickling preparations supplying countries worldwide were Japan ($361M), the United States ($258M) and Germany ($203M), together accounting for 41% of global exports. China, Singapore, South Korea, Taiwan (Chinese), France, the Czech Republic, Belgium, Poland, Italy and India lagged somewhat behind, together accounting for a further 40%.

Among the main exporting countries, China, with a CAGR of +10.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average metal pickling preparations export price stood at $4,984 per ton in 2022, increasing by 5.3% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 8.1% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($16,960 per ton), while India ($1,723 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+10.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform