Asia: Billiard Accessoires Market 2024

Billiard Accessoires Market Size in Asia

The Asian billiard accessoires market was estimated at $X in 2022, leveling off at the previous year. Overall, consumption, however, saw a pronounced decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Billiard Accessoires Production in Asia

In value terms, billiard accessoires production totaled $X in 2022 estimated in export price. Overall, production, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2019 with an increase of 22%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Billiard Accessoires Exports

Exports in Asia

In 2022, after two years of growth, there was significant decline in shipments abroad of articles and accessories for billiards, when their volume decreased by -8.1% to X tons. Over the period under review, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 42%. As a result, the exports attained the peak of X tons, and then fell in the following year.

In value terms, billiard accessoires exports shrank to $X in 2022. Overall, exports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 40%. As a result, the exports attained the peak of $X, and then declined modestly in the following year.

Exports by Country

China dominates exports structure, finishing at X tons, which was approx. 86% of total exports in 2022. It was distantly followed by South Korea (X tons), generating a 6.7% share of total exports. Vietnam (X tons) and Taiwan (Chinese) (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to billiard accessoires exports from China stood at +5.4%. At the same time, Vietnam (+28.2%), South Korea (+27.0%) and Taiwan (Chinese) (+3.2%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +28.2% from 2012-2022. While the share of South Korea (+5.6 p.p.) and Vietnam (+2.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (-4.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest billiard accessoires supplier in Asia, comprising 87% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 3.1% share of total exports. It was followed by South Korea, with a 2.3% share.

From 2012 to 2022, the average annual growth rate of value in China stood at +9.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+14.0% per year) and South Korea (+17.4% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, with an increase of 6.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2019 an increase of 21%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the other leaders experienced a decline in the export price figures.

Billiard Accessoires Imports

Imports in Asia

In 2022, billiard accessoires imports in Asia fell modestly to X tons, which is down by -3.4% on the previous year's figure. Total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 42% against the previous year. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, billiard accessoires imports reduced to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 53%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, Vietnam (X tons), distantly followed by China (X tons), Hong Kong SAR (X tons), Thailand (X tons), South Korea (X tons), Indonesia (X tons) and the United Arab Emirates (X tons) were the key importers of articles and accessories for billiards, together generating 70% of total imports. The following importers - the Philippines (X tons), Singapore (X tons), Uzbekistan (X tons), Oman (X tons), Israel (X tons) and Iraq (X tons) - together made up 14% of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +59.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest billiard accessoires importing markets in Asia were Vietnam ($X), China ($X) and South Korea ($X), with a combined 54% share of total imports. Hong Kong SAR, the United Arab Emirates, Thailand, Indonesia, Singapore, Israel, Oman, the Philippines, Iraq and Uzbekistan lagged somewhat behind, together comprising a further 28%.

Uzbekistan, with a CAGR of +60.4%, saw 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 more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, falling by -7.5% against the previous year. Over the period under review, the import price, however, recorded a modest expansion. The growth pace was the most rapid in 2020 when the import price increased by 14%. Over the period under review, import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+27.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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