Asia: Ironing Machine Market 2022

Ironing Machine Market Size in Asia

In 2021, the Asian ironing machine market decreased by -X% to $X for the first time since 2018, thus ending a two-year rising trend. The total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2018 indices. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Ironing Machine Production in Asia

In value terms, ironing machine production fell notably to $X in 2021 estimated in export price. In general, production showed strong growth. The growth pace was the most rapid in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X, and then reduced rapidly in the following year.

Ironing Machine Exports

Exports in Asia

In 2021, overseas shipments of ironing machines and presses were finally on the rise to reach X units after four years of decline. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The volume of export peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, ironing machine exports reached $X in 2021. The total export value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

In 2021, China (X units) and Malaysia (X units) represented the major exporters of ironing machines and presses in Asia, together resulting at near X% of total exports. Japan (X units) took the next position in the ranking, followed by South Korea (X units). All these countries together took near X% share of total exports. The United Arab Emirates (X units), Taiwan (Chinese) (X units) and Thailand (X units) took a relatively small share of total exports.

From 2012 to 2021, the biggest increases were in Malaysia (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest ironing machine supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

In China, ironing machine exports increased at an average annual rate of +X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Japan (-X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, with a decrease of -X% against the previous year. Export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ironing machine export price increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2020 an increase of X%. As a result, the export price attained the peak level of $X per unit, and then contracted in the following year.

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

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

Ironing Machine Imports

Imports in Asia

In 2021, overseas purchases of ironing machines and presses were finally on the rise to reach X units after three years of decline. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, ironing machine imports dropped to $X in 2021. Overall, imports, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

Indonesia (X units) and Vietnam (X units) represented roughly X% of total imports in 2021. South Korea (X units) ranks next in terms of the total imports with a X% share, followed by India (X%) and Japan (X%). The following importers - Thailand (X units), Oman (X units), Taiwan (Chinese) (X units) and Iran (X units) - together made up X% of total imports.

From 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported ironing machines and presses in Asia, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In Vietnam, ironing machine imports increased at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (+X% per year) and South Korea (+X% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, reducing by -X% against the previous year. In general, the import price continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Iran ($X per unit), while Oman ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :