Asia-Pacific: Levels Market 2024

Levels Market Size in Asia-Pacific

In 2022, the Asia-Pacific levels market was finally on the rise to reach $X for the first time since 2017, thus ending a four-year declining trend. Overall, consumption, however, recorded a noticeable decrease. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Levels Production in Asia-Pacific

In value terms, levels production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Levels Exports

Exports in Asia-Pacific

In 2022, shipments abroad of levels decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, and then shrank markedly in the following year.

In value terms, levels exports fell rapidly to $X in 2022. In general, exports, however, showed strong growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then fell significantly in the following year.

Exports by Country

In 2022, China (X units) was the key exporter of levels, achieving X% of total exports. It was distantly followed by Thailand (X units), comprising a X% share of total exports.

China was also the fastest-growing in terms of the levels exports, with a CAGR of X% from 2012 to 2022. Thailand (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by X% from 2012 to 2022, respectively.

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

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, rising by X% against the previous year. Overall, the export price saw a slight expansion. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per unit), while Thailand amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Levels Imports

Imports in Asia-Pacific

For the third consecutive year, Asia-Pacific recorded growth in supplies from abroad of levels, which increased by X% to X units in 2022. Overall, imports continue to indicate buoyant growth. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, levels imports contracted to $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

Vietnam represented the main importing country with an import of around X units, which reached X% of total imports. Thailand (X units) took the second position in the ranking, followed by Singapore (X units), Australia (X units), India (X units) and South Korea (X units). All these countries together held near X% share of total imports. The following importers - Japan (X units) and Taiwan (Chinese) (X units) - together made up X% of total imports.

Vietnam was also the fastest-growing in terms of the levels imports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%), Taiwan (Chinese) (X%), India (X%), Singapore (X%), Thailand (X%) and Australia (X%) displayed positive paces of growth. By contrast, Japan (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.) and South Korea (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Thailand (X p.p.), Australia (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest levels importing markets in Asia-Pacific were Singapore ($X), Australia ($X) and South Korea ($X), together comprising X% of total imports. Japan, Vietnam, India, Thailand and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries 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 unit in 2022, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a drastic downturn. The growth pace was the most rapid in 2019 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, 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 ($X per unit), while Vietnam ($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 (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :