Asia-Pacific: Market for Spray Guns And Similar Appliances 2024

Market Size for Spray Guns And Similar Appliances in Asia-Pacific

In 2022, the Asia-Pacific market for spray guns and similar appliances decreased by -1.9% to $X, falling for the third consecutive year after two years of growth. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Production of Spray Guns And Similar Appliances in Asia-Pacific

In value terms, spray guns and similar appliances production stood at $X in 2022 estimated in export price. The total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 -0.0% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 37%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Spray Guns And Similar Appliances

Exports in Asia-Pacific

For the seventh year in a row, Asia-Pacific recorded growth in overseas shipments of spray guns and similar appliances, which increased by 3.1% to X units in 2022. Overall, exports showed a prominent increase. The pace of growth was the most pronounced in 2018 when exports increased by 62% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, spray guns and similar appliances exports dropped to $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +75.3% against 2016 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 42% against the previous year. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

China prevails in exports structure, finishing at X units, which was near 92% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X units), committing a 4.9% share of total exports.

China was also the fastest-growing in terms of the spray guns and similar appliances exports, with a CAGR of +25.2% from 2012 to 2022. At the same time, Taiwan (Chinese) (+9.3%) displayed positive paces of growth. China (+38 p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) saw its share reduced by -6.3% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest spray guns and similar appliances supplier in Asia-Pacific, comprising 81% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 7.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +8.0%.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, falling by -8.5% against the previous year. Over the period under review, the export price showed a deep slump. The pace of growth was the most pronounced in 2021 when the export price increased by 10%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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) (-2.1%).

Imports of Spray Guns And Similar Appliances

Imports in Asia-Pacific

After six years of growth, overseas purchases of spray guns and similar appliances decreased by -8.5% to X units in 2022. Overall, imports saw a slight reduction. The growth pace was the most rapid in 2021 with an increase of 16%. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, spray guns and similar appliances imports fell to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 22% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

Indonesia (X units) and Vietnam (X units) represented roughly 36% of total imports in 2022. South Korea (X units) held the next position in the ranking, followed by Australia (X units), Malaysia (X units), Thailand (X units), Japan (X units), India (X units) and China (X units). All these countries together took near 49% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +18.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and Australia ($X) were the countries with the highest levels of imports in 2022, together accounting for 48% of total imports. Vietnam, South Korea, India, Japan, Malaysia and Indonesia lagged somewhat behind, together accounting for a further 39%.

Among the main importing countries, Indonesia, with a CAGR of +12.7%, recorded the highest growth rate of 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, which is down by -2% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2014 an increase of 19%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the import prices remained 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 China (+13.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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