Asia: Gasket Market 2020

Gasket Market Size in Asia

The revenue of the gasket market in Asia amounted to $X in 2017, coming up by X% against the previous year. The market value increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern indicated some noticeable fluctuations over the period under review. The pace of growth appeared the most rapid in 2012, when market value increased by X% y-o-y. Over the period under review, the gasket market attained its maximum level in 2017, and is likely to continue its growth in the immediate term.

Gasket Production in Asia

In 2017, the amount of gaskets and similar joints of metal sheeting produced in Asia amounted to X units, surging by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2011, with an increase of X% y-o-y. The volume of gasket production peaked in 2017, and is expected to retain its growth in the near future.

Gasket Exports in Asia

In 2017, approx. X units of gaskets and similar joints of metal sheeting were exported in Asia; waning by -X% against the previous year. The total export volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2010, with an increase of X% y-o-y. Over the period under review, the gasket exports attained its peak figure volume of X units in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

In value terms, gasket exports amounted to $X in 2017. The total exports indicated a prominent expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the gasket exports increased by +X% against 2015 indices. Over the period under review, the gasket exports attained its peak figure level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Gasket Exports by Country in Asia

In 2017, China (X units) represented the largest exporter for gaskets and similar joints of metal sheeting, creating X% of total exports. Japan (X units) occupied a X% share (based on tons) of total exports, which put it in second place, followed by India (X%), South Korea (X%) and Malaysia (X%). The United Arab Emirates (X units) and Taiwan, Chinese (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +X% from 2007 to 2017. At the same time, Taiwan, Chinese (+X%), South Korea (+X%), the United Arab Emirates (+X%) and Malaysia (+X%) displayed positive paces of growth. Moreover, Taiwan, Chinese emerged as the fastest growing exporter in Asia, with a CAGR of +X% from 2007-2017. By contrast, Japan (-X%) and India (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of India and Japan increased by X% and X% percentage points, while the United Arab Emirates (-X%), Taiwan, Chinese (-X%), South Korea (-X%) and China (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), China ($X) and South Korea ($X) were the countries with the highest levels of exports in 2017, together accounting for X% of total exports. India, Malaysia, Taiwan, Chinese and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries , Taiwan, Chinese (+X% per year) recorded the highest rates of growth with regard to exports, over the last decade, while the other leaders experienced more modest paces of growth.

Gasket Export Prices by Country in Asia

In 2017, the gasket export price in Asia amounted to $X per unit, jumping by X% against the previous year. The gasket export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2012, when it surged by X% year-to-year. In that year, the export prices for gaskets and similar joints of metal sheeting attained their peak level of $X per unit. From 2013 to 2017, growth of the export prices for gaskets and similar joints of metal sheeting failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Japan ($X per unit), while the United Arab Emirates ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

Gasket Imports in Asia

In 2017, the amount of gaskets and similar joints of metal sheeting imported in Asia stood at X units, shrinking by -X% against the previous year. The gasket imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when it surged by X% y-o-y. Over the period under review, the gasket imports reached its peak figure volume of X units in 2016, and then declined slightly in the following year.

In value terms, gasket imports totaled $X in 2017. The total import value increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, the gasket imports attained its peak figure level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Gasket Imports by Country in Asia

China (X units) and Indonesia (X units) represented the largest importers of gaskets and similar joints of metal sheeting in 2017, finishing at approx. X% and X% of total imports, respectively. It was distantly followed by Malaysia (X units), India (X units), Saudi Arabia (X units), Japan (X units), Thailand (X units) and the United Arab Emirates (X units), together mixed up X% share of total imports. Iran (X units), South Korea (X units), Turkey (X units) and Singapore (X units) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Turkey (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported gaskets and similar joints of metal sheeting in Asia, making up X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by South Korea, with a X% share.

In China, gasket imports increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Japan (+X% per year) and South Korea (+X% per year).

Gasket Import Prices by Country in Asia

The gasket import price in Asia stood at $X per unit in 2017, picking up by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2017, an increase of X% against the previous year. In that year, the import prices for gaskets and similar joints of metal sheeting attained their peak level, and is likely to continue its growth in the immediate term.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Singapore ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the United Arab Emirates (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform