Asia-Pacific: Breathing Appliances Market 2024

Breathing Appliances Market Size in Asia-Pacific

The Asia-Pacific breathing appliances market expanded rapidly to $X in 2022, with an increase of 5.4% against the previous year. Over the period under review, consumption showed a strong increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Breathing Appliances Production in Asia-Pacific

In value terms, breathing appliances production expanded significantly to $X in 2022 estimated in export price. In general, production enjoyed a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 35% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Breathing Appliances Exports

Exports in Asia-Pacific

Breathing appliances exports contracted to X units in 2022, declining by -3.8% on the previous year's figure. Total exports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -30.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 45%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, breathing appliances exports reduced to $X in 2022. Total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -27.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 136%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China represented the largest exporting country with an export of about X units, which amounted to 56% of total exports. Taiwan (Chinese) (X units) took the second position in the ranking, followed by South Korea (X units) and Singapore (X units). All these countries together took near 31% share of total exports. Malaysia (X units), Japan (X units) and Hong Kong SAR (X units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to breathing appliances exports from China stood at +1.0%. At the same time, Singapore (+6.4%), Taiwan (Chinese) (+4.4%), South Korea (+2.7%), Japan (+2.0%) and Malaysia (+1.6%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +6.4% from 2012-2022. By contrast, Hong Kong SAR (-6.0%) illustrated a downward trend over the same period. While the share of Taiwan (Chinese) (+3 p.p.) and Singapore (+2.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hong Kong SAR (-2.3 p.p.) and China (-4.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Singapore ($X) and Taiwan (Chinese) ($X) were the countries with the highest levels of exports in 2022, with a combined 67% share of total exports.

Among the main exporting countries, Singapore, with a CAGR of +10.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, waning by -4.9% against the previous year. Export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, breathing appliances export price increased by +4.4% against 2020 indices. The pace of growth was the most pronounced in 2013 when the export price increased by 73%. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+6.8%), while the other leaders experienced more modest paces of growth.

Breathing Appliances Imports

Imports in Asia-Pacific

Breathing appliances imports reduced rapidly to X units in 2022, with a decrease of -19.1% compared with 2021. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 15% against the previous year. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, breathing appliances imports fell slightly to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 +3.8% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 21% against the previous year. The level of import peaked at $X in 2021, and then shrank modestly in the following year.

Imports by Country

China (X units), Singapore (X units), Australia (X units), South Korea (X units) and Indonesia (X units) represented roughly 61% of total imports in 2022. Malaysia (X units) ranks next in terms of the total imports with a 4.8% share, followed by Japan (4.6%). Hong Kong SAR (X units), Thailand (X units), Vietnam (X units), Taiwan (Chinese) (X units), the Philippines (X units) and Bangladesh (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 leading importing countries, was attained by Bangladesh (with a CAGR of +26.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest breathing appliances importing markets in Asia-Pacific were Singapore ($X), China ($X) and Australia ($X), with a combined 59% share of total imports. South Korea, Japan, Malaysia, Thailand, Hong Kong SAR, Taiwan (Chinese), the Philippines, Vietnam, Indonesia and Bangladesh lagged somewhat behind, together accounting for a further 32%.

The Philippines, with a CAGR of +21.8%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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 unit in 2022, jumping by 21% against the previous year. Import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, breathing appliances import price increased by +88.8% against 2014 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+18.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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