Asia: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in Asia

After two years of decline, the Asian market for mechanical appliances for projecting, dispersing or spraying increased by 31% to $X in 2022. The total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; afterwards, it flattened through to 2022.

Production of Mechanical Appliances For Projecting, Dispersing Or Spraying in Asia

In value terms, production of mechanical appliances for projecting, dispersing or spraying reached $X in 2022 estimated in export price. Over the period under review, production showed a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 61% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports in Asia

After ten years of growth, overseas shipments of mechanical appliances for projecting, dispersing or spraying decreased by -17.9% to X units in 2022. Overall, exports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2016 when exports increased by 51% against the previous year. The volume of export peaked at X units in 2021, and then reduced markedly in the following year.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying reduced remarkably to $X in 2022. Over the period under review, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by 22% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2021, and then dropped rapidly in the following year.

Exports by Country

China dominates spraying structure, reaching X units, which was approx. 85% of total exports in 2022. South Korea (X units), Turkey (X units) and Thailand (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the mechanical appliances for projecting, dispersing or spraying exports, with a CAGR of +22.5% from 2012 to 2022. At the same time, Thailand (+22.3%), Turkey (+13.9%) and South Korea (+9.9%) displayed positive paces of growth. While the share of China (+25 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Korea (-4.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest mechanical appliances for projecting, dispersing or spraying supplier in Asia, comprising 67% of total exports. The second position in the ranking was held by South Korea ($X), with a 9.6% share of total exports. It was followed by Turkey, with a 2.2% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +12.8%. In the other countries, the average annual rates were as follows: South Korea (+11.8% per year) and Turkey (+15.3% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, therefore, remained relatively stable against the previous year. In general, the export price, however, showed a abrupt decrease. The growth pace was the most rapid in 2021 when the export price increased by 6.4%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 South Korea ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports in Asia

After five years of growth, supplies from abroad of mechanical appliances for projecting, dispersing or spraying decreased by -3.9% to X units in 2022. The total import volume increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 16%. The volume of import peaked at X units in 2021, and then fell in the following year.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying reduced to $X in 2022. The total import value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 16% against the previous year. Over the period under review, imports of hit record highs at $X in 2021, and then declined in the following year.

Imports by Country

China (X units) and Japan (X units) were the main importers of mechanical appliances for projecting, dispersing or spraying in 2022, recording near 17% and 14% of total imports, respectively. Indonesia (X units) took the next position in the ranking, followed by Vietnam (X units), India (X units), Turkey (X units), Thailand (X units), South Korea (X units) and the United Arab Emirates (X units). All these countries together held near 47% share of total imports. Taiwan (Chinese) (X units), Malaysia (X units), Singapore (X units) and Georgia (X units) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Georgia (with a CAGR of +22.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported mechanical appliances for projecting, dispersing or spraying in Asia, comprising 32% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 9.2% share of total imports. It was followed by India, with an 8.5% share.

In China, imports of mechanical appliances for projecting, dispersing or spraying contracted by an average annual rate of -2.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (+19.9% per year) and India (+7.2% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, which is down by -6.6% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 8.9% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, 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 China ($X per unit), while Indonesia ($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 (+5.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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