Asia: Silencer Market 2024

Silencer Market Size in Asia

In 2021, after three years of growth, there was significant decline in the Asian silencer market, when its value decreased by -6.5% to $X. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Silencer Production in Asia

In value terms, silencer production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 14%. As a result, production attained the peak level of $X, and then declined in the following year.

Silencer Exports

Exports in Asia

In 2021, exports of silencers and exhaust pipes in Asia soared to X tons, surging by 29% on the year before. The total export volume increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, silencer exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the largest exporter of silencers and exhaust pipes in Asia, with the volume of exports resulting at X tons, which was approx. 61% of total exports in 2021. India (X tons) held the second position in the ranking, followed by Japan (X tons), Turkey (X tons) and South Korea (X tons). All these countries together held near 31% share of total exports. Thailand (X tons) and Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to silencer exports from China stood at +9.8%. At the same time, India (+28.5%), Vietnam (+28.3%), Thailand (+6.6%) and Turkey (+2.1%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +28.5% from 2012-2021. By contrast, Japan (-5.5%) and South Korea (-11.2%) illustrated a downward trend over the same period. China (+23 p.p.) and India (+8.5 p.p.) significantly strengthened its position in terms of the total exports, while Japan and South Korea saw its share reduced by -10.8% and -19.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest silencer supplier in Asia, comprising 56% of total exports. The second position in the ranking was held by Japan ($X), with a 15% share of total exports. It was followed by India, with a 9.1% share.

In China, silencer exports expanded at an average annual rate of +12.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (-3.7% per year) and India (+31.4% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, picking up by 3.1% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the export price increased by 11%. Over the period under review, the export prices reached the peak figure in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+2.2%), while the other leaders experienced more modest paces of growth.

Silencer Imports

Imports in Asia

In 2021, supplies from abroad of silencers and exhaust pipes was finally on the rise to reach X tons after two years of decline. In general, imports continue to indicate a relatively flat trend pattern. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, silencer imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.9% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan (X tons) and China (X tons) represented roughly 33% of total imports in 2021. Thailand (X tons) ranks next in terms of the total imports with an 8.5% share, followed by Turkey (7.6%), South Korea (7%), Vietnam (6.1%) and India (5.3%). Indonesia (X tons), Malaysia (X tons), Kazakhstan (X tons), the United Arab Emirates (X tons), Taiwan (Chinese) (X tons) and Saudi Arabia (X tons) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +22.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported silencers and exhaust pipes in Asia, comprising 37% of total imports. The second position in the ranking was taken by Japan ($X), with a 12% share of total imports. It was followed by Turkey, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +3.3%. In the other countries, the average annual rates were as follows: Japan (+3.3% per year) and Turkey (+9.3% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, growing by 11% against the previous year. Over the last nine years, it increased at an average annual rate of +2.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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