Asia: Breathing Appliances Market 2024

Breathing Appliances Market Size in Asia

The Asian breathing appliances market rose remarkably to $X in 2022, picking up by 5.5% against the previous year. In general, consumption continues to indicate strong growth. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Breathing Appliances Production in Asia

In value terms, breathing appliances production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 34% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Breathing Appliances Exports

Exports in Asia

Breathing appliances exports reduced to X units in 2022, leveling off at the year before. Total exports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -25.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 50%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, breathing appliances exports expanded slightly to $X in 2022. Total exports indicated a moderate increase from 2012 to 2022: its value 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, exports decreased by -20.5% against 2020 indices. The pace of growth was the most pronounced in 2013 when exports increased by 147% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China represented the key exporting country with an export of about X units, which finished at 53% of total exports. Taiwan (Chinese) (X units) ranks second in terms of the total exports with a 13% share, followed by South Korea (9.8%) and Singapore (6.9%). The following exporters - Turkey (X units), Malaysia (X units) and the United Arab Emirates (X units) - together made up 9.1% of total exports.

From 2012 to 2022, average annual rates of growth with regard to breathing appliances exports from China stood at +1.0%. At the same time, Turkey (+21.9%), the United Arab Emirates (+9.6%), Singapore (+6.4%), Taiwan (Chinese) (+4.4%), South Korea (+2.7%) and Malaysia (+1.6%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +21.9% from 2012-2022. While the share of Turkey (+3 p.p.), Taiwan (Chinese) (+2.3 p.p.) and Singapore (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (-6.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest breathing appliances supplying countries in Asia were China ($X), Singapore ($X) and Taiwan (Chinese) ($X), together accounting for 65% of total exports. South Korea, Turkey, Malaysia and the United Arab Emirates lagged somewhat behind, together accounting for a further 20%.

In terms of the main exporting countries, Turkey, with a CAGR of +27.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, surging by 2% against the previous year. Export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, breathing appliances export price increased by +7.2% against 2020 indices. The pace of growth was the most pronounced in 2013 when the export price increased by 78%. Over the period under review, the export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.7%), while the other leaders experienced more modest paces of growth.

Breathing Appliances Imports

Imports in Asia

In 2022, imports of breathing appliances and gas masks in Asia declined to X units, waning by -11.1% on 2021 figures. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 15%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, breathing appliances imports rose markedly to $X in 2022. The total import value increased at an average annual rate of +5.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 22%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

China (X units), Singapore (X units), the United Arab Emirates (X units), South Korea (X units), Indonesia (X units), Turkey (X units), Malaysia (X units), Japan (X units), Hong Kong SAR (X units), Thailand (X units), Kuwait (X units) and Vietnam (X units) represented roughly 75% of total imports in 2022. Taiwan (Chinese) (X units) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +9.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest breathing appliances importing markets in Asia were Singapore ($X), China ($X) and the United Arab Emirates ($X), with a combined 47% share of total imports. South Korea, Turkey, Japan, Malaysia, Thailand, Hong Kong SAR, Taiwan (Chinese), Vietnam, Kuwait and Indonesia lagged somewhat behind, together comprising a further 32%.

Turkey, with a CAGR of +13.7%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 unit, surging by 19% against the previous year. Over the last decade, it increased at an average annual rate of +4.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+18.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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