Asia-Pacific: Endless Machinery Band Market 2025

Endless Machinery Band Market Size in Asia-Pacific

The Asia-Pacific endless machinery band market totaled $X in 2021, surging by 2.1% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Endless Machinery Band Production in Asia-Pacific

In value terms, endless machinery band production totaled $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 35% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Endless Machinery Band Exports

Exports in Asia-Pacific

In 2021, approx. X square meters of endless bands for machinery, of stainless steel were exported in Asia-Pacific; increasing by 16% against 2020 figures. In general, exports, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2017 with an increase of 42% against the previous year. The volume of export peaked at X square meters in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, endless machinery band exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2019 with an increase of 51% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, China (X square meters) represented the major exporter of endless bands for machinery, of stainless steel, comprising 59% of total exports. India (X square meters) took the second position in the ranking, followed by Taiwan (Chinese) (X square meters). All these countries together took approx. 21% share of total exports. Singapore (X square meters), Japan (X square meters), South Korea (X square meters) and New Zealand (X square meters) took a relatively small share of total exports.

Exports from China increased at an average annual rate of +5.2% from 2012 to 2021. At the same time, New Zealand (+59.7%), South Korea (+21.3%), India (+3.4%) and Taiwan (Chinese) (+3.0%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +59.7% from 2012-2021. By contrast, Japan (-7.4%) and Singapore (-12.0%) illustrated a downward trend over the same period. While the share of China (+36 p.p.), India (+7.2 p.p.), Taiwan (Chinese) (+4.2 p.p.), New Zealand (+2.2 p.p.) and South Korea (+2.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Singapore (-3.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest endless machinery band supplier in Asia-Pacific, comprising 43% of total exports. The second position in the ranking was taken by India ($X), with a 19% share of total exports. It was followed by Japan, with a 15% share.

In China, endless machinery band exports increased at an average annual rate of +10.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (+2.4% per year) and Japan (-5.2% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per square meter, with an increase of 14% against the previous year. Export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, endless machinery band export price decreased by -3.5% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the export price increased by 50%. As a result, the export price attained the peak level of $X per square meter. From 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per square meter), while New Zealand ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.7%), while the other leaders experienced mixed trends in the export price figures.

Endless Machinery Band Imports

Imports in Asia-Pacific

In 2021, approx. X square meters of endless bands for machinery, of stainless steel were imported in Asia-Pacific; increasing by 8.6% on the previous year. Over the period under review, imports, however, continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2016 with an increase of 45%. The volume of import peaked at X square meters in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, endless machinery band imports rose sharply to $X in 2021. Overall, imports, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2016 with an increase of 26% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Indonesia represented the largest importer of endless bands for machinery, of stainless steel in Asia-Pacific, with the volume of imports accounting for X square meters, which was approx. 32% of total imports in 2021. It was distantly followed by Thailand (X square meters), China (X square meters), Malaysia (X square meters), Pakistan (X square meters) and Vietnam (X square meters), together achieving a 38% share of total imports. Australia (X square meters), the Philippines (X square meters), India (X square meters), Singapore (X square meters), New Zealand (X square meters), Bangladesh (X square meters) and South Korea (X square meters) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to endless machinery band imports into Indonesia stood at +10.2%. At the same time, the Philippines (+11.9%), New Zealand (+7.6%), Thailand (+6.4%) and Pakistan (+1.0%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +11.9% from 2012-2021. By contrast, Vietnam (-1.6%), China (-4.2%), Malaysia (-5.2%), Bangladesh (-6.4%), India (-7.8%), Australia (-13.8%), South Korea (-16.9%) and Singapore (-28.0%) illustrated a downward trend over the same period. Indonesia (+23 p.p.), Thailand (+7.5 p.p.), Pakistan (+2.9 p.p.), the Philippines (+2.5 p.p.) and New Zealand (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while South Korea, Australia and Singapore saw its share reduced by -3.9%, -6.4% and -29.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Indonesia ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2021, together comprising 47% of total imports. These countries were followed by Thailand, India, Australia, Malaysia, Vietnam, New Zealand, the Philippines, Singapore, Pakistan and Bangladesh, which together accounted for a further 45%.

Among the main importing countries, the Philippines, with a CAGR of +16.0%, saw the highest rates of growth with regard to 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 square meter in 2021, picking up by 5.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.8%. The growth pace was the most rapid in 2014 when the import price increased by 33% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was South Korea ($X per square meter), while Pakistan ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+29.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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