Asia-Pacific: Travel Set Market 2025

Travel Set Market Size in Asia-Pacific

In 2021, the Asia-Pacific travel set market decreased by -18.7% to $X for the first time since 2018, thus ending a two-year rising trend. The total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then shrank remarkably in the following year.

Travel Set Production in Asia-Pacific

In value terms, travel set production fell to $X in 2021 estimated in export price. The total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +62.7% against 2017 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by 33% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then dropped in the following year.

Travel Set Exports

Exports in Asia-Pacific

In 2021, after three years of growth, there was significant decline in overseas shipments of travel sets, when their volume decreased by -8.1% to X units. Total exports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.0% 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 +82.2% against 2017 indices. The most prominent rate of growth was recorded in 2020 with an increase of 41%. As a result, the exports attained the peak of X units, and then shrank in the following year.

In value terms, travel set exports surged to $X in 2021. Overall, exports recorded a perceptible contraction. The pace of growth appeared the most rapid in 2013 when exports increased by 18%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, China (X units) represented the key exporter of travel sets in Asia-Pacific, generating 96% of total export.

China was also the fastest-growing in terms of the travel sets exports, with a CAGR of +6.6% from 2012 to 2021. While the share of China (+19 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest travel set supplier in Asia-Pacific.

In China, travel set exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, increasing by 25% against the previous year. Over the period under review, the export price, however, recorded a abrupt decline. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -6.9% per year.

Travel Set Imports

Imports in Asia-Pacific

In 2021, supplies from abroad of travel sets decreased by -5.2% to X units, falling for the fourth consecutive year after three years of growth. In general, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of 29% against the previous year. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, travel set imports declined to $X in 2021. Over the period under review, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2015 with an increase of 20%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Malaysia (X units), Indonesia (X units), Hong Kong SAR (X units), South Korea (X units) and Australia (X units) represented the largest importer of travel sets in Asia-Pacific, comprising 73% of total import. It was distantly followed by Japan (X units), mixing up a 5.6% share of total imports. Singapore (X units), Taiwan (Chinese) (X units), Macao SAR (X units), the Philippines (X units), Thailand (X units) and New Zealand (X units) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +27.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest travel set importing markets in Asia-Pacific were Malaysia ($X), Hong Kong SAR ($X) and Australia ($X), together comprising 56% of total imports. These countries were followed by South Korea, Japan, Singapore, Indonesia, Taiwan (Chinese), Macao SAR, the Philippines, Thailand and New Zealand, which together accounted for a further 36%.

Macao SAR, with a CAGR of +23.7%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per unit, with a decrease of -9.8% against the previous year. In general, the import price saw a slight setback. The most prominent rate of growth was recorded in 2018 when the import price increased by 6% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Macao SAR ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Macao SAR (+14.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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