Asia: Electric Soldering Iron Market 2024

Electric Soldering Iron Market Size in Asia

After two years of decline, the Asian electric soldering iron market increased by X% to $X in 2022. In general, consumption recorded notable growth. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Electric Soldering Iron Production in Asia

In value terms, electric soldering iron production expanded slightly to $X in 2022 estimated in export price. The total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2018 indices. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Electric Soldering Iron Exports

Exports in Asia

In 2022, overseas shipments of electric soldering irons and guns decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units, and then dropped in the following year.

In value terms, electric soldering iron exports shrank to $X in 2022. In general, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then shrank slightly in the following year.

Exports by Country

China prevails in exports structure, reaching X units, which was near X% of total exports in 2022. Taiwan (Chinese) (X units) took a relatively small share of total exports.

China was also the fastest-growing in terms of the electric soldering irons and guns exports, with a CAGR of X% from 2012 to 2022. Taiwan (Chinese) (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest electric soldering iron supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports.

In China, electric soldering iron exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, rising by X% against the previous year. Export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric soldering iron export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

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 Taiwan (Chinese) ($X per unit), while China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Electric Soldering Iron Imports

Imports in Asia

In 2022, the amount of electric soldering irons and guns imported in Asia contracted remarkably to X units, with a decrease of X% compared with the previous year's figure. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, electric soldering iron imports contracted to $X in 2022. In general, imports showed a pronounced reduction. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Thailand (X units), distantly followed by Hong Kong SAR (X units), Vietnam (X units), Japan (X units), Malaysia (X units) and Bangladesh (X units) were the major importers of electric soldering irons and guns, together creating X% of total imports. The following importers - South Korea (X units), Armenia (X units), Turkey (X units), Indonesia (X units), the Philippines (X units), Pakistan (X units) and China (X units) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Armenia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electric soldering iron importing markets in Asia were Thailand ($X), China ($X) and Hong Kong SAR ($X), together comprising X% of total imports. Vietnam, Indonesia, Japan, Malaysia, Bangladesh, South Korea, Turkey, the Philippines, Armenia and Pakistan lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Armenia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the import price, however, recorded a pronounced decrease. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 China ($X per unit), while Armenia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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