Asia: Hand Stamp Market 2024

Hand Stamp Market Size in Asia

The Asian hand stamp market fell to $X in 2022, stabilizing at the previous year. Over the period under review, consumption continues to indicate a pronounced downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Hand Stamp Production in Asia

In value terms, hand stamp production dropped to $X in 2022 estimated in export price. Overall, production saw a noticeable contraction. The most prominent rate of growth was recorded in 2016 with an increase of 11% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Hand Stamp Exports

Exports in Asia

In 2022, approx. X units of stamps for use in the hand were exported in Asia; falling by -16% on 2021 figures. Over the period under review, exports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 43%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, hand stamp exports shrank sharply to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 50%. As a result, the exports attained the peak of $X, and then fell sharply in the following year.

Exports by Country

In 2022, China (X units) was the major exporter of stamps for use in the hand, mixing up 72% of total exports. It was distantly followed by Taiwan (Chinese) (X units), generating a 13% share of total exports. Vietnam (X units), Turkey (X units), South Korea (X units) and Japan (X units) took a relatively small share of total exports.

Exports from China decreased at an average annual rate of -2.1% from 2012 to 2022. At the same time, Vietnam (+2.8%) and Turkey (+2.7%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +2.8% from 2012-2022. South Korea experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-3.6%) and Japan (-5.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +4.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest hand stamp supplier in Asia, comprising 58% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 16% share of total exports. It was followed by Vietnam, with a 7.4% share.

In China, hand stamp exports increased at an average annual rate of +3.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (-3.0% per year) and Vietnam (+6.4% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, which is down by -1.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2013 when the export price increased by 19%. The level of export peaked at $X per unit in 2021, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while China ($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 (+5.7%), while the other leaders experienced more modest paces of growth.

Hand Stamp Imports

Imports in Asia

In 2022, approx. X units of stamps for use in the hand were imported in Asia; which is down by -5% compared with the year before. In general, imports continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 22%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, hand stamp imports dropped to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan (X units), Indonesia (X units), South Korea (X units), Vietnam (X units), India (X units), the United Arab Emirates (X units), Malaysia (X units), Thailand (X units), Bangladesh (X units), Pakistan (X units), Hong Kong SAR (X units) and China (X units) represented roughly 80% of total imports in 2022. Turkey (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Pakistan (with a CAGR of +20.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hand stamp importing markets in Asia were Japan ($X), South Korea ($X) and Vietnam ($X), together accounting for 35% of total imports. China, the United Arab Emirates, Malaysia, Thailand, Indonesia, Hong Kong SAR, Turkey, India, Bangladesh and Pakistan lagged somewhat behind, together comprising a further 45%.

In terms of the main importing countries, Bangladesh, with a CAGR of +12.8%, saw the highest rates of growth with regard to 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 stood at $X per unit in 2022, falling by -3.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2013 when the import price increased by 9.2% against the previous year. The level of import peaked at $X per unit in 2021, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+11.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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