Asia-Pacific: Market for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals 2024

Market Size for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in Asia-Pacific

The Asia-Pacific market for fully or partly automatic electric machines for arc welding of metals contracted sharply to $X in 2022, dropping by -15.4% against the previous year. Over the period under review, consumption saw a deep slump. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in Asia-Pacific

In value terms, production of fully or partly automatic electric machines for arc welding of metals fell modestly to $X in 2022 estimated in export price. In general, production continues to indicate a mild decline. The growth pace was the most rapid in 2021 when the production volume increased by 10% against the previous year. Over the period under review, production of reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Exports in Asia-Pacific

For the third year in a row, Asia-Pacific recorded growth in shipments abroad of fully or partly automatic electric machines for arc welding of metals, which increased by 8.8% to X units in 2022. Over the period under review, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 73%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, exports of fully or partly automatic electric machines for arc welding of metals fell sharply to $X in 2022. Total exports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.3% 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 +6.2% against 2018 indices. The pace of growth was the most pronounced in 2021 when exports increased by 40% against the previous year. As a result, the exports attained the peak of $X, and then reduced rapidly in the following year.

Exports by Country

In 2022, China (X units) represented the main exporter of fully or partly automatic electric machines for arc welding of metals, committing 71% of total exports. Japan (X units) took the second position in the ranking, distantly followed by South Korea (X units). All these countries together held approx. 26% share of total exports.

China was also the fastest-growing in terms of the fully or partly automatic electric machines for arc welding of metals exports, with a CAGR of +22.4% from 2012 to 2022. At the same time, South Korea (+9.4%) displayed positive paces of growth. By contrast, Japan (-2.3%) illustrated a downward trend over the same period. While the share of China (+47 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (-39 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and South Korea ($X) were the countries with the highest levels of exports in 2022, with a combined 94% share of total exports.

In terms of the main exporting countries, China, with a CAGR of +12.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, with a decrease of -24.5% against the previous year. Over the period under review, the export price showed a drastic downturn. The pace of growth was the most pronounced in 2018 when the export price increased by 9.2% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-2.6%), while the other leaders experienced a decline in the export price figures.

Imports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Imports in Asia-Pacific

In 2022, approx. X units of fully or partly automatic electric machines for arc welding of metals were imported in Asia-Pacific; which is down by -13.3% against 2021 figures. Overall, imports recorded a abrupt decline. The growth pace was the most rapid in 2017 when imports increased by 22%. Over the period under review, imports of attained the peak figure at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports of fully or partly automatic electric machines for arc welding of metals shrank to $X in 2022. Over the period under review, imports showed a noticeable decrease. The most prominent rate of growth was recorded in 2017 with an increase of 24% against the previous year. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia (X units) and Taiwan (Chinese) (X units) were the main importers of fully or partly automatic electric machines for arc welding of metals in 2022, reaching approx. 18% and 15% of total imports, respectively. Japan (X units) ranks next in terms of the total imports with a 10% share, followed by India (9.9%), South Korea (9.3%), China (7.6%), Vietnam (5.5%) and Indonesia (5.2%).

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +16.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Australia ($X) and India ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 49% of total imports. South Korea, Taiwan (Chinese), Japan, Vietnam and Indonesia lagged somewhat behind, together accounting for a further 32%.

Among the main importing countries, Taiwan (Chinese), with a CAGR of +17.3%, recorded 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

In 2022, the import price in Asia-Pacific amounted to $X per unit, with an increase of 2.2% against the previous year. Import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fully or partly automatic electric machines for arc welding of metals increased by +61.5% against 2016 indices. The pace of growth was the most pronounced in 2018 an increase of 38%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

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 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 China (+12.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :