Asia-Pacific: Ironing Machine Market 2022

Ironing Machine Market Size in Asia-Pacific

After three years of growth, the Asia-Pacific ironing machine market decreased by -X% to $X in 2021. The total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +X% 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 +X% against 2015 indices. As a result, consumption attained the peak level of $X, and then fell in the following year.

Ironing Machine Production in Asia-Pacific

In value terms, ironing machine production shrank sharply to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a strong expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X, and then declined rapidly in the following year.

Ironing Machine Exports

Exports in Asia-Pacific

After four years of decline, shipments abroad of ironing machines and presses increased by X% to X units in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The volume of export peaked at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, ironing machine exports expanded modestly to $X in 2021. The total export value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

China (X units) and Malaysia (X units) represented the largest exporters of ironing machines and presses in 2021, amounting to near X% and X% of total exports, respectively. Japan (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (X%). The following exporters - Taiwan (Chinese) (X units) and Thailand (X units) - together made up X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Malaysia (with a CAGR of +X%), while the other leaders experienced mixed trends in the exports figures.

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

In China, ironing machine exports increased at an average annual rate of +X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Japan (-X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, declining by -X% against the previous year. Export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ironing machine export price increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2020 an increase of X%. As a result, the export price attained the peak level of $X per unit, and then reduced in the following year.

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

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

Ironing Machine Imports

Imports in Asia-Pacific

Ironing machine imports was estimated at X units in 2021, surging by X% on the year before. The total import volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, ironing machine imports reduced modestly to $X in 2021. In general, imports, however, continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Indonesia (X units) and Vietnam (X units) represented the major importers of ironing machines and presses in Asia-Pacific, together constituting X% of total imports. South Korea (X units) took the next position in the ranking, followed by India (X units) and Japan (X units). All these countries together took approx. X% share of total imports. The following importers - Thailand (X units) and Taiwan (Chinese) (X units) - each accounted for an X% share of total imports.

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

In value terms, Vietnam ($X) constitutes the largest market for imported ironing machines and presses in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In Vietnam, ironing machine imports expanded at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (+X% per year) and South Korea (+X% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per unit, dropping by -X% against the previous year. Overall, the import price continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2013 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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