Asia-Pacific: Appliance Part Brush Market 2024

Appliance Part Brush Market Size in Asia-Pacific

The Asia-Pacific appliance part brush market skyrocketed to $X in 2022, rising by 31% against the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Appliance Part Brush Production in Asia-Pacific

In value terms, appliance part brush production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 15%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Appliance Part Brush Exports

Exports in Asia-Pacific

In 2022, shipments abroad of brushes constituting parts of appliances increased by 21% to X units, rising for the third consecutive year after two years of decline. In general, exports posted a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of 193%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, appliance part brush exports reduced slightly to $X in 2022. Total exports indicated prominent growth 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, exports increased by +32.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. As a result, the exports attained the peak of $X, and then dropped modestly in the following year.

Exports by Country

The biggest shipments were from China (X units), together reaching 93% of total export.

China was also the fastest-growing in terms of the brushes constituting parts of appliances exports, with a CAGR of +22.4% from 2012 to 2022. China (+21 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest appliance part brush supplier in Asia-Pacific.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +8.0%.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, falling by -20.3% against the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 an increase of 7.5%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -11.8% per year.

Appliance Part Brush Imports

Imports in Asia-Pacific

In 2022, appliance part brush imports in Asia-Pacific reduced modestly to X units, declining by -2.8% on the year before. Total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +4.0% 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 +24.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year. As a result, imports attained the peak of X units, and then reduced modestly in the following year.

In value terms, appliance part brush imports rose slightly to $X in 2022. Over the period under review, imports, however, posted prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by 29%. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

Thailand (X units), China (X units), Vietnam (X units), South Korea (X units), Malaysia (X units), Japan (X units), Indonesia (X units), Australia (X units), Hong Kong SAR (X units), Singapore (X units), India (X units) and the Philippines (X units) represented roughly 94% of total imports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of +32.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported brushes constituting parts of appliances in Asia-Pacific, comprising 27% of total imports. The second position in the ranking was taken by South Korea ($X), with a 12% share of total imports. It was followed by Japan, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +6.1%. In the other countries, the average annual rates were as follows: South Korea (+15.4% per year) and Japan (+4.3% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, surging by 5.6% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The pace of growth was the most pronounced in 2020 an increase of 17%. Over the period under review, import prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: 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 the Philippines (+16.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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