Asia: Industrial Robot Market 2024

Industrial Robot Market Size in Asia

The Asian industrial robot market expanded modestly to $X in 2021, with an increase of 3.3% against the previous year. The total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +54.5% against 2013 indices. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Industrial Robot Production in Asia

In value terms, industrial robot production reduced slightly to $X in 2021 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +59.9% against 2013 indices. The most prominent rate of growth was recorded in 2019 with an increase of 18% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then reduced slightly in the following year.

Industrial Robot Exports

Exports in Asia

In 2021, shipments abroad of industrial robots for multiple uses was finally on the rise to reach X units after three years of decline. Total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial robot exports skyrocketed to $X in 2021. Total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +39.4% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan was the main exporting country with an export of around X units, which resulted at 62% of total exports. It was distantly followed by China (X units), Vietnam (X units) and South Korea (X units), together making up a 27% share of total exports. The following exporters - Singapore (X units), Taiwan (Chinese) (X units) and Turkey (X units) - together made up 9.5% of total exports.

From 2012 to 2021, average annual rates of growth with regard to industrial robot exports from Japan stood at +3.6%. At the same time, Vietnam (+45.3%), Turkey (+17.5%), Singapore (+17.4%), China (+13.6%) and Taiwan (Chinese) (+2.0%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +45.3% from 2012-2021. South Korea experienced a relatively flat trend pattern. While the share of Vietnam (+6.8 p.p.), China (+6.3 p.p.) and Singapore (+2.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Korea (-3.4 p.p.) and Japan (-11.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest industrial robot supplier in Asia, comprising 67% of total exports. The second position in the ranking was held by China ($X), with a 9.6% share of total exports. It was followed by Vietnam, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value in Japan totaled +5.7%. In the other countries, the average annual rates were as follows: China (+11.4% per year) and Vietnam (+46.9% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, picking up by 3.2% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2014 when the export price increased by 7.3% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.0%), while the other leaders experienced more modest paces of growth.

Industrial Robot Imports

Imports in Asia

In 2021, approx. X units of industrial robots for multiple uses were imported in Asia; jumping by 49% against the year before. Overall, imports enjoyed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial robot imports skyrocketed to $X in 2021. Total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 41%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

China prevails in imports structure, reaching X units, which was near 63% of total imports in 2021. It was distantly followed by South Korea (X units) and Turkey (X units), together comprising a 15% share of total imports. Thailand (X units), Indonesia (X units), Taiwan (Chinese) (X units), India (X units), Vietnam (X units) and Hong Kong SAR (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to industrial robot imports into China stood at +13.4%. At the same time, Vietnam (+22.3%), Hong Kong SAR (+10.3%), Thailand (+8.5%), Taiwan (Chinese) (+8.0%), South Korea (+7.8%), Indonesia (+5.6%), India (+4.9%) and Turkey (+2.8%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia, with a CAGR of +22.3% from 2012-2021. From 2012 to 2021, the share of China increased by +15 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported industrial robots for multiple uses in Asia, comprising 56% of total imports. The second position in the ranking was taken by South Korea ($X), with a 7.3% share of total imports. It was followed by Turkey, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +7.3%. In the other countries, the average annual rates were as follows: South Korea (+5.7% per year) and Turkey (-0.5% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2021, with a decrease of -6.4% against the previous year. In general, the import price showed a pronounced downturn. The pace of growth appeared the most rapid in 2017 when the import price increased by 6.7% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the import prices remained at a somewhat lower figure.

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 Taiwan (Chinese) ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (-1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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