Asia-Pacific: Bar Draw-Bench Market 2025

Bar Draw-Bench Market Size in Asia-Pacific

In 2021, the Asia-Pacific bar draw-bench market increased by 128% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption posted a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Bar Draw-Bench Production in Asia-Pacific

In value terms, bar draw-bench production stood at $X in 2021 estimated in export price. The total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -11.0% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 98% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Bar Draw-Bench Exports

Exports in Asia-Pacific

Bar draw-bench exports contracted rapidly to X units in 2021, with a decrease of -41.1% against the previous year. Overall, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 85% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, bar draw-bench exports surged to $X in 2021. Over the period under review, exports recorded a noticeable reduction. The pace of growth was the most pronounced in 2017 when exports increased by 22% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) and India (X units) were the largest exporters of draw-benches for bars, tubes, profiles, wire or the like in 2021, recording near 35% and 29% of total exports, respectively. Taiwan (Chinese) (X units) took the next position in the ranking, distantly followed by South Korea (X units) and Japan (X units). All these countries together took near 32% share of total exports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +2.6%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, China ($X) remains the largest bar draw-bench supplier in Asia-Pacific, comprising 67% of total exports. The second position in the ranking was held by India ($X), with an 11% share of total exports. It was followed by Taiwan (Chinese), with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to -1.0%. The remaining exporting countries recorded the following average annual rates of exports growth: India (+2.7% per year) and Taiwan (Chinese) (-3.8% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, with an increase of 101% against the previous year. Export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bar draw-bench export price increased by +145.5% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($X per unit), while India ($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 (+5.4%), while the other leaders experienced more modest paces of growth.

Bar Draw-Bench Imports

Imports in Asia-Pacific

After two years of decline, overseas purchases of draw-benches for bars, tubes, profiles, wire or the like increased by 8.7% to X units in 2021. In general, imports, however, saw a noticeable setback. The pace of growth was the most pronounced in 2015 with an increase of 32% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, bar draw-bench imports contracted to $X in 2021. Overall, imports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by 16%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China was the largest importer of draw-benches for bars, tubes, profiles, wire or the like in Asia-Pacific, with the volume of imports accounting for X units, which was near 33% of total imports in 2021. India (X units) held a 17% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (13%), Taiwan (Chinese) (10%), Vietnam (6.9%) and Thailand (5.1%). South Korea (X units) and Nepal (X units) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Nepal (with a CAGR of +25.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported draw-benches for bars, tubes, profiles, wire or the like in Asia-Pacific, comprising 35% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 17% share of total imports. It was followed by Vietnam, with an 11% share.

In China, bar draw-bench imports plunged by an average annual rate of -10.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+13.0% per year) and Vietnam (-8.1% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per unit, declining by -9.1% against the previous year. Over the period under review, the import price continues to indicate a deep setback. The pace of growth was the most pronounced in 2014 an increase of 25%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Taiwan (Chinese) ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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