Asia-Pacific: Personal Weighing Machine Market 2024

Personal Weighing Machine Market Size in Asia-Pacific

The Asia-Pacific personal weighing machine market soared to $X in 2022, growing by 26% against the previous year. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +124.1% against 2016 indices. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in the near future.

Personal Weighing Machine Production in Asia-Pacific

In value terms, personal weighing machine production expanded notably to $X in 2022 estimated in export price. The total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 41% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Personal Weighing Machine Exports

Exports in Asia-Pacific

After five years of growth, shipments abroad of personal weighing machines decreased by -31.9% to X units in 2022. Overall, exports, however, continue to indicate a notable expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 60% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2021, and then shrank dramatically in the following year.

In value terms, personal weighing machine exports fell sharply to $X in 2022. In general, exports, however, showed prominent growth. The pace of growth was the most pronounced in 2020 when exports increased by 64% against the previous year. The level of export peaked at $X in 2021, and then declined remarkably in the following year.

Exports by Country

China (X units) represented roughly 99% of total exports in 2022.

China was also the fastest-growing in terms of the personal weighing machines exports, with a CAGR of +5.0% from 2012 to 2022. From 2012 to 2022, the share of China increased by +3.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest personal weighing machine supplier in Asia-Pacific.

In China, personal weighing machine exports expanded at an average annual rate of +7.7% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, growing by 2.6% against the previous year. Export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, personal weighing machine export price increased by +26.8% against 2019 indices. The growth pace was the most rapid in 2016 an increase of 43% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +2.5% per year.

Personal Weighing Machine Imports

Imports in Asia-Pacific

After six years of growth, supplies from abroad of personal weighing machines decreased by -16.9% to X units in 2022. Total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 35%. Over the period under review, imports hit record highs at X units in 2021, and then shrank notably in the following year.

In value terms, personal weighing machine imports contracted sharply to $X in 2022. Total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 48% against the previous year. The level of import peaked at $X in 2021, and then declined notably in the following year.

Imports by Country

In 2022, India (X units) was the key importer of personal weighing machines, mixing up 36% of total imports. Japan (X units) took the second position in the ranking, distantly followed by Australia (X units) and South Korea (X units). All these countries together took approx. 35% share of total imports. Malaysia (X units), Singapore (X units), Taiwan (Chinese) (X units), Hong Kong SAR (X units), Bangladesh (X units), the Philippines (X units), Thailand (X units), Vietnam (X units) and New Zealand (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +23.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported personal weighing machines in Asia-Pacific, comprising 27% of total imports. The second position in the ranking was held by India ($X), with a 12% share of total imports. It was followed by Australia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Japan amounted to +2.5%. The remaining importing countries recorded the following average annual rates of imports growth: India (+16.8% per year) and Australia (+1.9% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, dropping by -6.3% against the previous year. Over the period under review, the import price recorded a slight contraction. The growth pace was the most rapid in 2017 when the import price increased by 15% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the import prices remained at a somewhat lower figure.

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 Hong Kong SAR ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+8.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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