Asia: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Asia

In 2022, the Asian pneumatic linear acting actuator market increased by 0.3% to $X, rising for the second consecutive year after three years of decline. The market value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Pneumatic Linear Acting Actuators in Asia

In value terms, pneumatic linear acting actuator production declined slightly to $X in 2022 estimated in export price. The total production indicated noticeable growth from 2012 to 2022: its value 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. Based on 2022 figures, production increased by +3.9% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 20%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Pneumatic Linear Acting Actuators

Exports in Asia

In 2022, the amount of pneumatic linear acting actuators exported in Asia declined markedly to X units, waning by -26.7% compared with the year before. Over the period under review, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by 62% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, pneumatic linear acting actuator exports expanded slightly to $X in 2022. Total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +37.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 35% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

China was the major exporting country with an export of around X units, which resulted at 67% of total exports. Japan (X units) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (4.6%). The following exporters - South Korea (X units), Turkey (X units), Singapore (X units) and India (X units) - together made up 11% of total exports.

From 2012 to 2022, average annual rates of growth with regard to pneumatic linear acting actuator exports from China stood at +12.9%. At the same time, Turkey (+19.3%), South Korea (+10.4%), Singapore (+8.3%) and India (+6.8%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +19.3% from 2012-2022. Taiwan (Chinese) and Japan experienced a relatively flat trend pattern. China (+20 p.p.) and Turkey (+2 p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) and Japan saw its share reduced by -5.5% and -16.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and Taiwan (Chinese) ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 86% share of total exports. South Korea, Singapore, India and Turkey lagged somewhat behind, together accounting for a further 9.6%.

Turkey, with a CAGR of +18.5%, 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

In 2022, the export price in Asia amounted to $X per unit, picking up by 39% against the previous year. Over the period under review, the export price, however, saw a pronounced shrinkage. Over the period under review, the export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 Japan ($X per unit), while Turkey ($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

Pneumatic linear acting actuator imports declined to X units in 2022, shrinking by -5.9% against 2021. The total import volume increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 20%. As a result, imports reached the peak of X units, and then fell in the following year.

In value terms, pneumatic linear acting actuator imports dropped modestly to $X in 2022. The total import value increased at an average annual rate of +1.4% over the period 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 2021 when imports increased by 26%. As a result, imports attained the peak of $X, and then declined slightly in the following year.

Imports by Country

In 2022, Japan (X units), distantly followed by China (X units), South Korea (X units), the United Arab Emirates (X units), Turkey (X units), Taiwan (Chinese) (X units) and Vietnam (X units) represented the major importers of pneumatic linear acting actuators, together constituting 74% of total imports. The following importers - India (X units), Singapore (X units), Malaysia (X units), Indonesia (X units), Hong Kong SAR (X units) and Kazakhstan (X units) - together made up 18% of total imports.

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 ($X) constitutes the largest market for imported pneumatic linear acting actuators in Asia, comprising 34% of total imports. The second position in the ranking was held by Japan ($X), with a 14% share of total imports. It was followed by South Korea, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +2.3%. In the other countries, the average annual rates were as follows: Japan (+3.2% per year) and South Korea (+14.6% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the import price increased by 8.5%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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