Asia: Market for Spray Guns And Similar Appliances 2024

Market Size for Spray Guns And Similar Appliances in Asia

In 2022, the Asian market for spray guns and similar appliances decreased by -2.4% to $X, falling for the third year in a row after two years of growth. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Production of Spray Guns And Similar Appliances in Asia

In value terms, spray guns and similar appliances production contracted slightly to $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 +0.3% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 36% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Spray Guns And Similar Appliances

Exports in Asia

Spray guns and similar appliances exports stood at X units in 2022, growing by 3% compared with the previous year's figure. In general, exports posted a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of 61%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, spray guns and similar appliances exports contracted to $X in 2022. Total exports indicated a buoyant increase 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 +75.8% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41%. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

China dominates exports structure, accounting for X units, which was near 91% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X units), making up 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. From 2012 to 2022, the share of China increased by +41 percentage points.

In value terms, China ($X) remains the largest spray guns and similar appliances supplier in Asia, comprising 80% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 7% share of total exports.

In China, spray guns and similar appliances exports increased at an average annual rate of +8.0% over the period from 2012-2022.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, falling by -8.3% against the previous year. In general, the export price saw a abrupt decline. The pace of growth was the most pronounced in 2015 when the export price increased by 10%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the export prices remained 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 Taiwan (Chinese) ($X per unit), while China amounted to $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

After six years of growth, purchases abroad of spray guns and similar appliances decreased by -12.9% to X units in 2022. Total imports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 15% against the previous year. The volume of import peaked at X units in 2021, and then reduced in the following year.

In value terms, spray guns and similar appliances imports fell to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 19% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

The countries with the highest levels of spray guns and similar appliances imports in 2022 were Turkey (X units), Indonesia (X units) and Vietnam (X units), together amounting to 40% of total import. South Korea (X units) took the next position in the ranking, followed by Malaysia (X units), the United Arab Emirates (X units) and Thailand (X units). All these countries together held near 23% share of total imports. Japan (X units), Iraq (X units), India (X units), China (X units), Jordan (X units) and Oman (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of +36.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 41% of total imports. Turkey, South Korea, India, Japan, Malaysia, Indonesia, the United Arab Emirates, Iraq, Jordan and Oman lagged somewhat behind, together accounting for a further 41%.

Among the main importing countries, Iraq, with a CAGR of +20.1%, 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

In 2022, the import price in Asia amounted to $X per unit, therefore, remained relatively stable against the previous year. In general, the import price, however, recorded a slight slump. The most prominent rate of growth was recorded in 2014 when the import price increased by 20%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the import prices failed to regain momentum.

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 ($X per unit), while Oman ($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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