Asia: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2025

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Asia

The Asian market for equipment for scaffolding, shuttering, propping or pit propping reached $X in 2021, standing approx. at the previous year. The market value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Asia

In value terms, scaffolding, shuttering, and propping equipment production rose significantly to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 30% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports in Asia

In 2021, approx. X tons of equipment for scaffolding, shuttering, propping or pit propping were exported in Asia; growing by 16% on 2020. The total export volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, scaffolding, shuttering, and propping equipment exports surged to $X in 2021. The total export value increased at an average annual rate of +4.0% over the period 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

In 2021, China (X tons) represented the major exporter of equipment for scaffolding, shuttering, propping or pit propping, creating 51% of total exports. India (X tons) ranks second in terms of the total exports with a 12% share, followed by South Korea (9.8%), the United Arab Emirates (9.2%) and Turkey (7.8%). The following exporters - Vietnam (X tons) and Indonesia (X tons) - each reached a 3.4% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to scaffolding, shuttering, and propping equipment exports from China stood at +2.4%. At the same time, Vietnam (+24.2%), Indonesia (+17.2%), India (+7.0%), Turkey (+6.1%) and the United Arab Emirates (+1.8%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +24.2% from 2012-2021. By contrast, South Korea (-1.2%) illustrated a downward trend over the same period. While the share of India (+3.6 p.p.) and Turkey (+1.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (-2.3 p.p.) and South Korea (-4.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest scaffolding, shuttering, and propping equipment supplier in Asia, comprising 50% of total exports. The second position in the ranking was held by South Korea ($X), with an 11% share of total exports. It was followed by India, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +4.1%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (-2.5% per year) and India (+8.1% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, growing by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+3.1%), while the other leaders experienced more modest paces of growth.

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports in Asia

After two years of decline, supplies from abroad of equipment for scaffolding, shuttering, propping or pit propping increased by 5.1% to X tons in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 21% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, scaffolding, shuttering, and propping equipment imports soared to $X in 2021. In general, imports, however, continue to indicate a noticeable contraction. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Singapore (X tons) and Japan (X tons) were the key importers of equipment for scaffolding, shuttering, propping or pit propping in 2021, accounting for near 18% and 13% of total imports, respectively. The United Arab Emirates (X tons) held a 5.5% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (5.5%), Thailand (5.3%), Saudi Arabia (5.3%) and Qatar (4.9%). Israel (X tons), Indonesia (X tons), Kazakhstan (X tons), the Philippines (X tons), Bangladesh (X tons) and South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bangladesh (with a CAGR of +30.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest scaffolding, shuttering, and propping equipment importing markets in Asia were Singapore ($X), Japan ($X) and the United Arab Emirates ($X), together comprising 39% of total imports. Indonesia, Saudi Arabia, Hong Kong SAR, Israel, Qatar, the Philippines, Kazakhstan, South Korea and Bangladesh lagged somewhat behind, together comprising a further 35%.

Bangladesh, with a CAGR of +35.0%, saw 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

The import price in Asia stood at $X per ton in 2021, increasing by 15% against the previous year. In general, the import price, however, saw a slight setback. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Indonesia ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+6.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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