Asia: Centrifuges Market 2025

Centrifuges Market Size in Asia

The Asian centrifuges market skyrocketed to $X in 2021, growing by 36% against the previous year. Over the period under review, consumption saw a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Centrifuges Production in Asia

In value terms, centrifuges production shrank to $X in 2021 estimated in export price. The total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -20.2% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 92% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Centrifuges Exports

Exports in Asia

In 2021, centrifuges exports in Asia skyrocketed to X units, increasing by 193% compared with the year before. Over the period under review, exports showed notable growth. The volume of export peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, centrifuges exports expanded markedly to $X in 2021. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 16% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China represented the key exporter of centrifuges in Asia, with the volume of exports finishing at X units, which was near 76% of total exports in 2021. India (X units) took the second position in the ranking, distantly followed by Singapore (X units). All these countries together took approx. 19% share of total exports. Hong Kong SAR (X units) held a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to centrifuges exports from China stood at +6.1%. At the same time, Hong Kong SAR (+22.0%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Asia, with a CAGR of +22.0% from 2012-2021. By contrast, India (-2.2%) and Singapore (-11.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and Hong Kong SAR increased by +20 and +2.6 percentage points, respectively.

In value terms, China ($X) remains the largest centrifuges supplier in Asia, comprising 49% of total exports. The second position in the ranking was held by India ($X), with a 14% share of total exports. It was followed by Singapore, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +6.1%. The remaining exporting countries recorded the following average annual rates of exports growth: India (+0.1% per year) and Singapore (-4.5% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, waning by -62.2% against the previous year. Over the period under review, the export price saw a noticeable decrease. The growth pace was the most rapid in 2016 when the export price increased by 273% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+7.9%), while the other leaders experienced mixed trends in the export price figures.

Centrifuges Imports

Imports in Asia

In 2021, approx. X units of centrifuges were imported in Asia; increasing by 68% compared with 2020. Over the period under review, imports showed prominent growth. The growth pace was the most rapid in 2017 with an increase of 89% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, centrifuges imports skyrocketed to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 16%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

India dominates imports structure, reaching X units, which was near 67% of total imports in 2021. Singapore (X units) ranks second in terms of the total imports with an 8.8% share, followed by Thailand (4.7%) and China (4.5%). The following importers - the Philippines (X units), Hong Kong SAR (X units) and Japan (X units) - each finished at a 5.9% share of total imports.

India was also the fastest-growing in terms of the centrifuges imports, with a CAGR of +64.3% from 2012 to 2021. At the same time, the Philippines (+19.3%), Hong Kong SAR (+15.8%), Singapore (+14.4%), Thailand (+14.1%) and China (+2.8%) displayed positive paces of growth. By contrast, Japan (-13.6%) illustrated a downward trend over the same period. India (+63 p.p.) significantly strengthened its position in terms of the total imports, while Thailand, Singapore, China and Japan saw its share reduced by -1.6%, -2.6%, -10.8% and -28.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported centrifuges in Asia, comprising 49% of total imports. The second position in the ranking was held by India ($X), with a 4.7% share of total imports. It was followed by Japan, with a 4.3% share.

In China, centrifuges imports increased at an average annual rate of +1.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: India (-0.4% per year) and Japan (-0.1% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, shrinking by -31.5% against the previous year. Over the period under review, the import price faced a deep reduction. The pace of growth was the most pronounced in 2019 an increase of 73% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+15.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform