Asia-Pacific: Industrial Robot Market 2024

Industrial Robot Market Size in Asia-Pacific

The Asia-Pacific industrial robot market expanded to $X in 2021, rising by 3.2% against the previous year. The total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +55.0% against 2013 indices. Over the period under review, the market reached the maximum level in 2021 and is likely to see gradual growth in the near future.

Industrial Robot Production in Asia-Pacific

In value terms, industrial robot production declined slightly to $X in 2021 estimated in export price. The total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +58.0% against 2013 indices. The most prominent rate of growth was recorded in 2019 with an increase of 18% against the previous year. The level of production peaked at $X in 2020, and then fell in the following year.

Industrial Robot Exports

Exports in Asia-Pacific

In 2021, shipments abroad of industrial robots for multiple uses was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial robot exports skyrocketed to $X in 2021. Total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +38.8% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan represented the major exporter of industrial robots for multiple uses in Asia-Pacific, with the volume of exports accounting for X units, which was near 64% of total exports in 2021. China (X units) took a 14% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (7.4%) and South Korea (6.5%). Singapore (X units) and Taiwan (Chinese) (X units) followed a long way behind the leaders.

Exports from Japan increased at an average annual rate of +3.6% from 2012 to 2021. At the same time, Vietnam (+45.3%), Singapore (+17.4%), China (+13.6%) and Taiwan (Chinese) (+2.0%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +45.3% from 2012-2021. South Korea experienced a relatively flat trend pattern. While the share of Vietnam (+7 p.p.), China (+6.7 p.p.) and Singapore (+2.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Korea (-3.3 p.p.) and Japan (-10.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest industrial robot supplier in Asia-Pacific, comprising 68% of total exports. The second position in the ranking was taken by China ($X), with a 9.7% share of total exports. It was followed by Vietnam, with a 7% share.

In Japan, industrial robot exports expanded at an average annual rate of +5.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: China (+11.4% per year) and Vietnam (+46.9% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, growing by 3.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2014 when the export price increased by 7.2%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while China ($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) (+6.0%), while the other leaders experienced more modest paces of growth.

Industrial Robot Imports

Imports in Asia-Pacific

In 2021, industrial robot imports in Asia-Pacific surged to X units, with an increase of 46% on the previous year's figure. Over the period under review, imports saw a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial robot imports surged to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 43%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the near future.

Imports by Country

China prevails in imports structure, accounting for X units, which was near 68% of total imports in 2021. It was distantly followed by South Korea (X units), generating an 8.8% share of total imports. Thailand (X units), Indonesia (X units), Taiwan (Chinese) (X units), India (X units), Vietnam (X units), Hong Kong SAR (X units) and Japan (X units) held a little share of total imports.

Imports into China increased at an average annual rate of +13.4% from 2012 to 2021. At the same time, Vietnam (+22.3%), Hong Kong SAR (+10.3%), Thailand (+8.5%), Japan (+8.3%), Taiwan (Chinese) (+8.0%), South Korea (+7.8%), Indonesia (+5.6%) and India (+4.9%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +22.3% from 2012-2021. From 2012 to 2021, the share of China increased by +14 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported industrial robots for multiple uses in Asia-Pacific, comprising 60% of total imports. The second position in the ranking was held by South Korea ($X), with a 7.8% share of total imports. It was followed by Taiwan (Chinese), with a 4.9% share.

In China, industrial robot imports expanded at an average annual rate of +7.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (+5.7% per year) and Taiwan (Chinese) (+5.5% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per unit, declining by -6.2% against the previous year. Overall, the import price showed a noticeable decrease. The most prominent rate of growth was recorded in 2017 when the import price increased by 7.7% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+3.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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