Asia-Pacific: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in Asia-Pacific

The Asia-Pacific market for mechanical appliances for projecting, dispersing or spraying was finally on the rise to reach $X in 2022, after two years of decline. The total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to see steady growth in the near future.

Production of Mechanical Appliances For Projecting, Dispersing Or Spraying in Asia-Pacific

In value terms, production of mechanical appliances for projecting, dispersing or spraying rose slightly to $X in 2022 estimated in export price. Over the period under review, production showed resilient growth. The pace of growth was the most pronounced in 2016 when the production volume increased by 61%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports in Asia-Pacific

After ten years of growth, shipments abroad of mechanical appliances for projecting, dispersing or spraying decreased by -18.9% to X units in 2022. Over the period under review, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 53% against the previous year. The volume of export peaked at X units in 2021, and then reduced rapidly in the following year.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying contracted dramatically to $X in 2022. In general, exports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of 20%. Over the period under review, the exports of attained the maximum at $X in 2021, and then fell significantly in the following year.

Exports by Country

China prevails in spraying structure, recording X units, which was approx. 87% of total exports in 2022. South Korea (X units) and Thailand (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the mechanical appliances for projecting, dispersing or spraying exports, with a CAGR of +22.5% from 2012 to 2022. At the same time, Thailand (+22.3%) and South Korea (+9.9%) displayed positive paces of growth. China (+25 p.p.) significantly strengthened its position in terms of the total exports, while South Korea saw its share reduced by -4.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest mechanical appliances for projecting, dispersing or spraying supplier in Asia-Pacific, comprising 69% of total exports. The second position in the ranking was taken by South Korea ($X), with a 9.9% share of total exports.

In China, exports of mechanical appliances for projecting, dispersing or spraying expanded at an average annual rate of +12.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+11.8% per year) and Thailand (+8.1% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, approximately equating the previous year. Overall, the export price, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when the export price increased by 6.3% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.7%), while the other leaders experienced a decline in the export price figures.

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports in Asia-Pacific

After five years of growth, supplies from abroad of mechanical appliances for projecting, dispersing or spraying decreased by -7.7% to X units in 2022. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 15% against the previous year. Over the period under review, imports of reached the peak figure at X units in 2021, and then shrank in the following year.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying contracted to $X in 2022. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 18%. The level of import peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, China (X units) and Japan (X units) were the main importers of mechanical appliances for projecting, dispersing or spraying in Asia-Pacific, together reaching approx. 36% of total imports. Indonesia (X units) held the next position in the ranking, followed by Vietnam (X units), India (X units), Thailand (X units), South Korea (X units) and Australia (X units). All these countries together took approx. 47% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of +22.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported mechanical appliances for projecting, dispersing or spraying in Asia-Pacific, comprising 35% of total imports. The second position in the ranking was held by Vietnam ($X), with a 10% share of total imports. It was followed by India, with a 9.4% share.

In China, imports of mechanical appliances for projecting, dispersing or spraying decreased by an average annual rate of -2.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (+19.9% per year) and India (+7.2% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, waning by -6.8% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 9.9% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: 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 Australia (+10.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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