Asia-Pacific: Billiard Accessoires Market 2024

Billiard Accessoires Market Size in Asia-Pacific

The Asia-Pacific billiard accessoires market rose slightly to $X in 2022, surging by 2.1% against the previous year. In general, consumption, however, showed a pronounced shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Billiard Accessoires Production in Asia-Pacific

In value terms, billiard accessoires production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2019 with an increase of 22% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Billiard Accessoires Exports

Exports in Asia-Pacific

In 2022, after two years of growth, there was significant decline in overseas shipments of articles and accessories for billiards, when their volume decreased by -8.2% to X tons. In general, exports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2021 when exports increased by 41% against the previous year. As a result, the exports reached the peak of X tons, and then fell in the following year.

In value terms, billiard accessoires exports contracted slightly to $X in 2022. Overall, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 39% against the previous year. As a result, the exports attained the peak of $X, and then shrank slightly in the following year.

Exports by Country

China dominates exports structure, finishing at X tons, which was approx. 87% of total exports in 2022. It was distantly followed by South Korea (X tons), generating a 6.8% share of total exports. Vietnam (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to billiard accessoires exports from China stood at +5.4%. At the same time, Vietnam (+28.2%), South Korea (+27.0%) and Taiwan (Chinese) (+3.2%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +28.2% from 2012-2022. While the share of South Korea (+5.7 p.p.) and Vietnam (+2.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (-5.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest billiard accessoires supplier in Asia-Pacific, comprising 87% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 3.1% share of total exports. It was followed by South Korea, with a 2.4% share.

In China, billiard accessoires exports expanded at an average annual rate of +9.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+14.0% per year) and South Korea (+17.4% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, rising by 6.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2019 when the export price increased by 20% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the other leaders experienced a decline in the export price figures.

Billiard Accessoires Imports

Imports in Asia-Pacific

In 2022, the amount of articles and accessories for billiards imported in Asia-Pacific stood at X tons, picking up by 4.3% against the previous year. Total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +100.4% against 2016 indices. The pace of growth appeared the most rapid in 2019 with an increase of 42%. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, billiard accessoires imports shrank modestly to $X in 2022. In general, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2021 when imports increased by 50%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, Vietnam (X tons), distantly followed by China (X tons), Hong Kong SAR (X tons), Australia (X tons), Thailand (X tons), South Korea (X tons) and Indonesia (X tons) were the largest importers of articles and accessories for billiards, together achieving 83% of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +59.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), China ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 57% of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of +51.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, shrinking by -5.6% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The pace of growth was the most pronounced in 2015 when the import price increased by 17% against the previous year. The level of import peaked at $X per ton 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 South Korea ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+13.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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