Asia-Pacific: Market for Pulley Tackle And Hoists Powered By An Electric Motor 2025

Market Size for Pulley Tackle And Hoists Powered By An Electric Motor in Asia-Pacific

The Asia-Pacific market for pulley tackle and hoists powered by an electric motor was finally on the rise to reach $X in 2022, after three years of decline. The market value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Pulley Tackle And Hoists Powered By An Electric Motor in Asia-Pacific

In value terms, production of pulley tackle and hoists powered by an electric motor reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by 14%. Over the period under review, production of hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor

Exports in Asia-Pacific

In 2022, shipments abroad of pulley tackle and hoists powered by an electric motor decreased by -5.3% to X units for the first time since 2017, thus ending a four-year rising trend. Total exports indicated strong growth from 2012 to 2022: its volume 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 +65.5% against 2017 indices. The pace of growth appeared the most rapid in 2019 when exports increased by 30% against the previous year. The volume of export peaked at X units in 2021, and then dropped in the following year.

In value terms, exports of pulley tackle and hoists powered by an electric motor rose rapidly to $X in 2022. The total export value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2014 when exports increased by 22% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

China prevails in motor structure, recording X units, which was approx. 94% of total exports in 2022. Taiwan (Chinese) (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the pulley tackle and hoists powered by an electric motor exports, with a CAGR of +7.6% from 2012 to 2022. Taiwan (Chinese) (-7.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +17 percentage points.

In value terms, China ($X) remains the largest pulley tackle and hoists powered by an electric motor supplier in Asia-Pacific, comprising 62% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 4% share of total exports.

In China, exports of pulley tackle and hoists powered by an electric motor expanded at an average annual rate of +8.1% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, picking up by 18% against the previous year. Over the period under review, the export price, however, recorded a pronounced decrease. Over the period under review, the export prices reached the maximum at $X per unit in 2018; however, from 2019 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 Taiwan (Chinese) ($X per unit), while China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.7%).

Imports of Pulley Tackle And Hoists Powered By An Electric Motor

Imports in Asia-Pacific

In 2022, purchases abroad of pulley tackle and hoists powered by an electric motor was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 42% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of pulley tackle and hoists powered by an electric motor fell modestly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 20%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X units) and India (X units) were the largest importers of pulley tackle and hoists powered by an electric motor in 2022, amounting to near 30% and 23% of total imports, respectively. Australia (X units) ranks next in terms of the total imports with a 6.8% share, followed by Thailand (5.1%), Indonesia (5.1%) and Japan (4.5%). China (X units), Singapore (X units), South Korea (X units), Malaysia (X units) and the Philippines (X units) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +35.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pulley tackle and hoists powered by an electric motor importing markets in Asia-Pacific were China ($X), Indonesia ($X) and Australia ($X), together comprising 44% of total imports. India, Japan, Thailand, Vietnam, South Korea, Malaysia, Singapore and the Philippines lagged somewhat behind, together comprising a further 45%.

Among the main importing countries, India, with a CAGR of +11.7%, recorded the highest rates of growth with regard to the value of imports, 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, dropping by -22.4% against the previous year. Over the period under review, the import price showed a noticeable slump. The pace of growth was the most pronounced in 2020 an increase of 24% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a 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 China ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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