Asia: Tamping Machinery Market 2024

Tamping Machinery Market Size in Asia

In 2021, the Asian tamping machinery market decreased by -2% to $X, falling for the third consecutive year after three years of growth. The market value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Tamping Machinery Production in Asia

In value terms, tamping machinery production rose notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 26%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Tamping Machinery Exports

Exports in Asia

In 2021, the amount of tamping or compacting machinery exported in Asia soared to X units, growing by 32% compared with the previous year's figure. In general, exports saw buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of 860% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, tamping machinery exports soared to $X in 2021. The total export value increased at an average annual rate of +5.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X units) was the major exporter of tamping or compacting machinery in Asia, mixing up 96% of total export.

China was also the fastest-growing in terms of the tamping or compacting machinery exports, with a CAGR of +6.7% from 2012 to 2021. From 2012 to 2021, the share of China increased by +2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest tamping machinery supplier in Asia.

In China, tamping machinery exports expanded at an average annual rate of +6.6% over the period from 2012-2021.

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, remaining stable against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 721%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the export prices remained 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 -0.1% per year.

Tamping Machinery Imports

Imports in Asia

In 2021, the amount of tamping or compacting machinery imported in Asia fell to X units, waning by -10.3% compared with the previous year. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +19.7% against 2019 indices. The pace of growth was the most pronounced in 2016 when imports increased by 41% against the previous year. Over the period under review, imports reached the maximum at X units in 2020, and then shrank in the following year.

In value terms, tamping machinery imports totaled $X in 2021. Over the period under review, imports showed a noticeable decrease. The pace of growth appeared the most rapid in 2013 with an increase of 9.9%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X units) and Thailand (X units) were the largest importers of tamping or compacting machinery in 2021, finishing at near 23% and 16% of total imports, respectively. Sri Lanka (X units) took a 6.8% share (based on physical terms) of total imports, which put it in second place, followed by Japan (6.5%), the Philippines (5.6%), Kazakhstan (5.5%) and Pakistan (4.6%). Vietnam (X units), Singapore (X units), South Korea (X units), Palestine (X units), Turkey (X units) and Hong Kong SAR (X units) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +58.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Japan ($X) and Singapore ($X) were the countries with the highest levels of imports in 2021, together accounting for 38% of total imports. Thailand, Vietnam, South Korea, Kazakhstan, Sri Lanka, the Philippines, Turkey, Palestine, Pakistan and Hong Kong SAR lagged somewhat behind, together accounting for a further 32%.

Among the main importing countries, South Korea, with a CAGR of +49.5%, recorded 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 2021, surging by 12% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt downturn. The level of import peaked at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat 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 Singapore ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (-1.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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