Scouring Pastes And Powders Market

The article discusses the projections for the global scouring pastes and powders market, indicating an anticipated growth in both volume and value over the next eight years. It highlights the highest consumption and production volumes in countries such as China, the United States, and Russia. Import and export trends are also analyzed, showing significant growth in certain countries. Overall, the market is expected to maintain a steady growth pattern in the immediate future.

Market Forecast

Driven by increasing demand for scouring pastes and powders worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.5% for the period from 2022 to 2030, which is projected to bring the market volume to 1.9M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.6% for the period from 2022 to 2030, which is projected to bring the market value to $4.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Scouring Pastes And Powders

In 2022, global consumption of scouring pastes and powders rose to 1.7M tons, increasing by 4.3% against 2021. The total consumption volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 9.2% against the previous year. Over the period under review, global consumption attained the maximum volume in 2022 and is likely to continue growth in the immediate term.

The global scouring pastes and powders market value totaled $3.3B in 2022, flattening at 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). The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the global market hit record highs in 2022 and is expected to retain growth in the immediate term.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (293K tons), the United States (231K tons) and Russia (126K tons), together accounting for 38% of global consumption. India, South Korea, Japan, Pakistan, Poland, Brazil, Italy, Nigeria, Indonesia and Mexico lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +9.5%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest scouring pastes and powders markets worldwide were China ($749M), the United States ($733M) and Japan ($382M), with a combined 57% share of the global market. South Korea, Russia, India, Brazil, Italy, Poland, Pakistan, Indonesia, Nigeria and Mexico lagged somewhat behind, together accounting for a further 24%.

In terms of the main consuming countries, Italy, with a CAGR of +7.0%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of scouring pastes and powders per capita consumption in 2022 were Poland (1,441 kg per 1000 persons), South Korea (1,321 kg per 1000 persons) and Russia (876 kg per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Italy (with a CAGR of +9.6%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Scouring Pastes And Powders

Global scouring pastes and powders production totaled 1.7M tons in 2022, with an increase of 2.9% against 2021 figures. The total output volume increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 8.6% against the previous year. Over the period under review, global production hit record highs in 2022 and is likely to see steady growth in years to come.

In value terms, scouring pastes and powders production stood at $3.5B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by 14%. Global production peaked in 2022 and is likely to see gradual growth in years to come.

Production By Country

The countries with the highest volumes of production in 2022 were China (295K tons), the United States (233K tons) and Japan (141K tons), together accounting for 39% of global production. Russia, India, Hungary, Pakistan, Poland, Brazil, Italy, Nigeria, Indonesia and Mexico lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +5.3%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Scouring Pastes And Powders

In 2022, the amount of scouring pastes and powders imported worldwide expanded remarkably to 280K tons, picking up by 15% compared with 2021 figures. In general, imports, however, recorded a relatively flat trend pattern. Global imports peaked at 305K tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, scouring pastes and powders imports totaled $439M in 2022. Overall, imports, however, recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by 10% against the previous year. Global imports peaked at $583M in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports By Country

In 2022, South Korea (85K tons) was the largest importer of scouring pastes and powders, comprising 30% of total imports. France (18K tons) ranks second in terms of the total imports with a 6.4% share, followed by Germany (5.9%) and the UK (5.5%). Japan (11K tons), Poland (8.7K tons), the Netherlands (8.5K tons), Italy (8.3K tons), Romania (6.3K tons), Kazakhstan (6.2K tons), El Salvador (6.1K tons), Belgium (6.1K tons) and Honduras (5.6K tons) followed a long way behind the leaders.

Imports into South Korea increased at an average annual rate of +1.7% from 2012 to 2022. At the same time, Italy (+17.6%), the UK (+5.3%), Kazakhstan (+3.9%), Belgium (+3.7%), the Netherlands (+3.6%), Germany (+1.7%) and Japan (+1.7%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing importer imported in the world, with a CAGR of +17.6% from 2012-2022. France experienced a relatively flat trend pattern. By contrast, Romania (-1.3%), El Salvador (-2.4%), Honduras (-2.9%) and Poland (-11.5%) illustrated a downward trend over the same period. South Korea (+6.7 p.p.), the UK (+2.5 p.p.) and Italy (+2.4 p.p.) significantly strengthened its position in terms of the global imports, while Poland saw its share reduced by -6.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($154M) constitutes the largest market for imported scouring pastes and powders worldwide, comprising 35% of global imports. The second position in the ranking was held by Japan ($39M), with an 8.9% share of global imports. It was followed by Germany, with a 3.6% share.

In South Korea, scouring pastes and powders imports decreased by an average annual rate of -4.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-3.2% per year) and Germany (+1.7% per year).

Import Prices By Country

The average scouring pastes and powders import price stood at $1,569 per ton in 2022, shrinking by -11.8% against the previous year. Over the period under review, the import price saw a slight decline. The pace of growth was the most pronounced in 2021 an increase of 11% against the previous year. Global import price peaked at $1,911 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($3,598 per ton), while France ($808 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.7%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Scouring Pastes And Powders

In 2022, global exports of scouring pastes and powders rose markedly to 285K tons, increasing by 5.7% compared with 2021 figures. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 11%. The global exports peaked at 298K tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, scouring pastes and powders exports reached $793M in 2022. In general, total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.5% against 2015 indices. The growth pace was the most rapid in 2017 with an increase of 17% against the previous year. The global exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports By Country

Japan (87K tons) and Hungary (62K tons) represented roughly 52% of total exports in 2022. Guatemala (21K tons) ranks next in terms of the total exports with a 7.4% share, followed by South Korea (5.6%) and Poland (5.6%). The following exporters - Belgium (13K tons), Italy (8K tons), Russia (7.7K tons), Costa Rica (6.8K tons), the Netherlands (6.8K tons) and Germany (4.5K tons) - together made up 16% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belgium (with a CAGR of +20.3%), while the other global leaders experienced more modest paces of growth.

In value terms, Japan ($498M) remains the largest scouring pastes and powders supplier worldwide, comprising 63% of global exports. The second position in the ranking was taken by South Korea ($80M), with a 10% share of global exports. It was followed by Hungary, with a 5.8% share.

In Japan, scouring pastes and powders exports expanded at an average annual rate of +6.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+18.6% per year) and Hungary (+2.2% per year).

Export Prices By Country

In 2022, the average scouring pastes and powders export price amounted to $2,780 per ton, declining by -4.3% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, scouring pastes and powders export price increased by +54.8% against 2013 indices. The pace of growth was the most pronounced in 2021 an increase of 18% against the previous year. As a result, the export price attained the peak level of $2,904 per ton, and then contracted slightly in the following year.

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 Japan ($5,739 per ton), while Belgium ($661 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform