Asia: Hand Sieve Market 2024

Hand Sieve Market Size in Asia

After two years of growth, the Asian hand sieve market decreased by -5.1% to $X in 2022. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +43.9% against 2019 indices. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Hand Sieve Production in Asia

In value terms, hand sieve production dropped modestly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 21%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Hand Sieve Exports

Exports in Asia

After two years of growth, overseas shipments of hand sieves and hand riddles decreased by -14% to X units in 2022. In general, exports, however, posted a resilient increase. The pace of growth was the most pronounced in 2014 when exports increased by 94%. The volume of export peaked at X units in 2021, and then declined in the following year.

In value terms, hand sieve exports reduced rapidly to $X in 2022. Overall, exports, however, showed a moderate increase. The pace of growth appeared the most rapid in 2013 when exports increased by 77%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China dominates exports structure, amounting to X units, which was approx. 67% of total exports in 2022. It was distantly followed by India (X units), Thailand (X units) and Turkey (X units), together committing a 24% share of total exports. The United Arab Emirates (X units) took a relatively small share of total exports.

Exports from China increased at an average annual rate of +21.9% from 2012 to 2022. At the same time, India (+41.2%), Turkey (+2.6%) and Thailand (+2.0%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +41.2% from 2012-2022. By contrast, the United Arab Emirates (-6.4%) illustrated a downward trend over the same period. China (+43 p.p.) and India (+7.8 p.p.) significantly strengthened its position in terms of the total exports, while Turkey, Thailand and the United Arab Emirates saw its share reduced by -7.2%, -8.8% and -10.5% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest hand sieve supplier in Asia, comprising 59% of total exports. The second position in the ranking was held by India ($X), with a 15% share of total exports. It was followed by Thailand, with an 11% share.

In China, hand sieve exports expanded at an average annual rate of +10.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+35.0% per year) and Thailand (-5.0% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, declining by -6% against the previous year. Over the period under review, the export price recorded a abrupt descent. The growth pace was the most rapid in 2019 when the export price increased by 32% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 India ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.6%), while the other leaders experienced a decline in the export price figures.

Hand Sieve Imports

Imports in Asia

After three years of growth, purchases abroad of hand sieves and hand riddles decreased by -15.9% to X units in 2022. Over the period under review, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by 138% against the previous year. As a result, imports reached the peak of X units, and then declined significantly in the following year.

In value terms, hand sieve imports contracted to $X in 2022. In general, imports, however, saw a remarkable increase. The growth pace was the most rapid in 2021 when imports increased by 151%. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

The Philippines dominates imports structure, resulting at X units, which was near 67% of total imports in 2022. Japan (X units) held an 8.1% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (6.8%) and Kazakhstan (4.9%). Turkey (X units) took a minor share of total imports.

The Philippines was also the fastest-growing in terms of the hand sieves and hand riddles imports, with a CAGR of +84.9% from 2012 to 2022. At the same time, Turkey (+10.5%), Indonesia (+10.4%) and Kazakhstan (+7.9%) displayed positive paces of growth. By contrast, Japan (-1.0%) illustrated a downward trend over the same period. The Philippines (+66 p.p.) significantly strengthened its position in terms of the total imports, while Indonesia, Kazakhstan and Japan saw its share reduced by -3.7%, -4.6% and -29.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) constitutes the largest market for imported hand sieves and hand riddles in Asia, comprising 64% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 9.2% share of total imports. It was followed by Japan, with a 5.7% share.

In the Philippines, hand sieve imports expanded at an average annual rate of +76.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (+24.8% per year) and Japan (+0.9% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, growing by 9.6% against the previous year. Over the period under review, the import price, however, showed a mild setback. The pace of growth was the most pronounced in 2014 an increase of 22%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the import prices failed to regain momentum.

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 Indonesia ($X per unit), while Turkey ($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 (+13.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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