Asia-Pacific: Pile-Driver Market 2024

Pile-Driver Market Size in Asia-Pacific

The Asia-Pacific pile-driver market declined modestly to $X in 2021, reducing by -2.7% against the previous year. In general, consumption continues to indicate a noticeable slump. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Pile-Driver Production in Asia-Pacific

In value terms, pile-driver production expanded to $X in 2021 estimated in export price. In general, production, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2015 when the production volume increased by 6.8% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Pile-Driver Exports

Exports in Asia-Pacific

In 2021, approx. X units of pile-drivers and pile-extractors were exported in Asia-Pacific; with an increase of 34% on 2020. Over the period under review, exports posted a resilient expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 91% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, pile-driver exports soared to $X in 2021. Total exports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.6% 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 +24.9% against 2018 indices. The pace of growth appeared the most rapid in 2015 when exports increased by 40%. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Japan (X units) and China (X units) were the main exporters of pile-drivers and pile-extractors in Asia-Pacific, together finishing at near 74% of total exports. It was distantly followed by Taiwan (Chinese) (X units), committing a 12% share of total exports. The following exporters - Thailand (X units) and Singapore (X units) - together made up 7.5% of total exports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +37.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest pile-driver supplier in Asia-Pacific, comprising 42% of total exports. The second position in the ranking was taken by Japan ($X), with a 19% share of total exports. It was followed by Singapore, with a 12% share.

In China, pile-driver exports increased at an average annual rate of +1.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-0.5% per year) and Singapore (-3.5% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, declining by -7.8% against the previous year. Over the period under review, the export price recorded a abrupt decline. The growth pace was the most rapid in 2015 an increase of 31% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+0.8%), while the other leaders experienced a decline in the export price figures.

Pile-Driver Imports

Imports in Asia-Pacific

Pile-driver imports dropped notably to X units in 2021, which is down by -28.3% on the year before. Overall, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by 40%. The volume of import peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, pile-driver imports expanded remarkably to $X in 2021. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by 13% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Korea prevails in imports structure, reaching X units, which was approx. 78% of total imports in 2021. Singapore (X units) took a 5.7% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (4.5%). The following importers - Indonesia (X units) and Thailand (X units) - together made up 5.7% of total imports.

South Korea was also the fastest-growing in terms of the pile-drivers and pile-extractors imports, with a CAGR of +16.5% from 2012 to 2021. At the same time, Vietnam (+7.0%) and Singapore (+5.6%) displayed positive paces of growth. By contrast, Thailand (-1.6%) and Indonesia (-32.1%) illustrated a downward trend over the same period. South Korea (+66 p.p.), Singapore (+3.6 p.p.) and Vietnam (+3.1 p.p.) significantly strengthened its position in terms of the total imports, while Indonesia saw its share reduced by -73.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest pile-driver importing markets in Asia-Pacific were Singapore ($X), South Korea ($X) and Indonesia ($X), together comprising 48% of total imports. Vietnam and Thailand lagged somewhat behind, together comprising a further 7.6%.

Vietnam, with a CAGR of +15.5%, 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 mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per unit, growing by 51% against the previous year. Over the period under review, the import price posted a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the import price increased by 72% against the previous year. Over the period under review, import prices attained the maximum in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+40.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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