Asia: Computing Machinery Market 2024

Computing Machinery Market Size in Asia

In 2021, the Asian computing machinery market decreased by -3% to $X, falling for the fifth year in a row after five years of growth. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -21.0% against 2016 indices. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Computing Machinery Production in Asia

In value terms, computing machinery production fell modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by 14% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Computing Machinery Exports

Exports in Asia

In 2021, shipments abroad of computing machinery and parts and accessories thereof increased by 9% to X tons, rising for the fifth year in a row after four years of decline. In general, exports, however, continue to indicate a noticeable decline. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, computing machinery exports surged to $X in 2021. The total export value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, reaching X tons, which was approx. 61% of total exports in 2021. It was distantly followed by Hong Kong SAR (X tons), Thailand (X tons) and Vietnam (X tons), together making up a 21% share of total exports. The following exporters - Japan (X tons), Taiwan (Chinese) (X tons) and Singapore (X tons) - each finished at a 10% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to computing machinery exports from China stood at -1.1%. At the same time, Thailand (+7.2%), Taiwan (Chinese) (+5.2%) and Vietnam (+1.8%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of +7.2% from 2012-2021. By contrast, Japan (-4.6%), Hong Kong SAR (-5.3%) and Singapore (-5.8%) illustrated a downward trend over the same period. While the share of China (+11 p.p.), Thailand (+3.7 p.p.), Taiwan (Chinese) (+1.8 p.p.) and Vietnam (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Hong Kong SAR (-2.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest computing machinery supplier in Asia, comprising 55% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 15% share of total exports. It was followed by Taiwan (Chinese), with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +1.5%. In the other countries, the average annual rates were as follows: Hong Kong SAR (+3.5% per year) and Taiwan (Chinese) (+13.7% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, growing by 12% against the previous year. Export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, computing machinery export price increased by +19.0% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the export price increased by 25% against the previous year. The level of export peaked in 2021 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 Taiwan (Chinese) ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+18.1%), while the other leaders experienced more modest paces of growth.

Computing Machinery Imports

Imports in Asia

In 2021, purchases abroad of computing machinery and parts and accessories thereof was finally on the rise to reach X tons after three years of decline. Overall, imports, however, recorded a noticeable shrinkage. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, computing machinery imports surged to $X in 2021. The total import value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Hong Kong SAR (X tons), distantly followed by China (X tons), Japan (X tons), India (X tons), Singapore (X tons), the United Arab Emirates (X tons) and South Korea (X tons) represented the main importers of computing machinery and parts and accessories thereof, together committing 70% of total imports. Thailand (X tons), Taiwan (Chinese) (X tons), Indonesia (X tons), Turkey (X tons), Malaysia (X tons) and Vietnam (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the United Arab Emirates (with a CAGR of +6.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), China ($X) and Japan ($X) were the countries with the highest levels of imports in 2021, together comprising 54% of total imports. Singapore, India, South Korea, Taiwan (Chinese), the United Arab Emirates, Thailand, Turkey, Malaysia, Vietnam and Indonesia lagged somewhat behind, together accounting for a further 38%.

Taiwan (Chinese), with a CAGR of +10.4%, recorded the highest growth rate of 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 2021, the import price in Asia amounted to $X per ton, surging by 10% against the previous year. Import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, computing machinery import price increased by +55.8% against 2015 indices. The pace of growth was the most pronounced in 2018 an increase of 13%. The level of import peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+9.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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