Asia-Pacific: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Asia-Pacific

In 2022, the Asia-Pacific pneumatic linear acting actuator market increased by 0.4% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Pneumatic Linear Acting Actuators in Asia-Pacific

In value terms, pneumatic linear acting actuator production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when the production volume increased by 18%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Pneumatic Linear Acting Actuators

Exports in Asia-Pacific

In 2022, the amount of pneumatic linear acting actuators exported in Asia-Pacific reduced sharply to X units, declining by -28.9% on 2021 figures. Overall, exports, however, saw prominent growth. The pace of growth appeared the most rapid in 2017 when exports increased by 64% against the previous year. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, pneumatic linear acting actuator exports totaled $X in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 36% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, China (X units) was the major exporter of pneumatic linear acting actuators, committing 71% of total exports. Japan (X units) took the second position in the ranking, distantly followed by Taiwan (Chinese) (X units). All these countries together held approx. 19% share of total exports. South Korea (X units), Singapore (X units) and India (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the pneumatic linear acting actuators exports, with a CAGR of +12.9% from 2012 to 2022. At the same time, South Korea (+10.4%), Singapore (+8.3%) and India (+6.8%) displayed positive paces of growth. Taiwan (Chinese) and Japan experienced a relatively flat trend pattern. From 2012 to 2022, the share of China increased by +24 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest pneumatic linear acting actuator supplying countries in Asia-Pacific were China ($X), Japan ($X) and Taiwan (Chinese) ($X), together comprising 89% of total exports. South Korea, Singapore and India lagged somewhat behind, together comprising a further 8.3%.

South Korea, with a CAGR of +13.4%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, surging by 42% against the previous year. In general, the export price, however, recorded a noticeable setback. The level of export peaked at $X per unit in 2014; however, from 2015 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 Japan ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.5%), while the other leaders experienced more modest paces of growth.

Imports of Pneumatic Linear Acting Actuators

Imports in Asia-Pacific

Pneumatic linear acting actuator imports contracted to X units in 2022, dropping by -7.9% compared with the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 22%. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, pneumatic linear acting actuator imports shrank modestly to $X in 2022. The total import value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 30%. The level of import peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Japan (X units), distantly followed by China (X units), South Korea (X units), Taiwan (Chinese) (X units), Vietnam (X units) and India (X units) represented the main importers of pneumatic linear acting actuators, together constituting 78% of total imports. Singapore (X units), Malaysia (X units), Australia (X units), Indonesia (X units), Hong Kong SAR (X units) and Thailand (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +28.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported pneumatic linear acting actuators in Asia-Pacific, comprising 36% of total imports. The second position in the ranking was taken by Japan ($X), with a 15% share of total imports. It was followed by South Korea, with a 12% share.

In China, pneumatic linear acting actuator imports expanded at an average annual rate of +2.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+3.2% per year) and South Korea (+14.6% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, with an increase of 5.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2016 an increase of 8.4%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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