Asia: Transmission Apparatus Market 2025

Transmission Apparatus Market Size in Asia

The Asian transmission apparatus market contracted to $X in 2021, waning by -9.9% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Transmission Apparatus Production in Asia

In value terms, transmission apparatus production rose notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by 9.3%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Transmission Apparatus Exports

Exports in Asia

In 2021, exports of transmission apparatus incorporating reception apparatus in Asia skyrocketed to X tons, picking up by 27% on the year before. The total export volume increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, transmission apparatus exports surged to $X in 2021. The total export value increased at an average annual rate of +6.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 22% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports by Country

China was the key exporter of transmission apparatus incorporating reception apparatus in Asia, with the volume of exports finishing at X tons, which was approx. 67% of total exports in 2021. It was distantly followed by Vietnam (X tons) and Hong Kong SAR (X tons), together achieving a 24% share of total exports. The following exporters - Singapore (X tons), South Korea (X tons) and India (X tons) - each resulted at a 5.6% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to transmission apparatus exports from China stood at +6.5%. At the same time, Vietnam (+12.7%) and Hong Kong SAR (+7.8%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +12.7% from 2012-2021. India and Singapore experienced a relatively flat trend pattern. By contrast, South Korea (-20.6%) illustrated a downward trend over the same period. While the share of China (+13 p.p.), Vietnam (+7.1 p.p.) and Hong Kong SAR (+3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Korea (-18.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest transmission apparatus supplier in Asia, comprising 63% of total exports. The second position in the ranking was held by Vietnam ($X), with a 14% share of total exports. It was followed by Hong Kong SAR, with a 14% share.

In China, transmission apparatus exports increased at an average annual rate of +6.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Vietnam (+14.3% per year) and Hong Kong SAR (+12.4% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, with a decrease of -7.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2013 when the export price increased by 24% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+13.1%), while the other leaders experienced more modest paces of growth.

Transmission Apparatus Imports

Imports in Asia

In 2021, purchases abroad of transmission apparatus incorporating reception apparatus increased by 23% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports recorded a relatively flat trend pattern. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, transmission apparatus imports soared to $X in 2021. The total import value increased at an average annual rate of +5.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 32%. The level of import peaked in 2021 and is likely to see steady growth in years to come.

Imports by Country

In 2021, Hong Kong SAR (X tons), distantly followed by the United Arab Emirates (X tons), Japan (X tons) and Thailand (X tons) were the key importers of transmission apparatus incorporating reception apparatus, together achieving 66% of total imports. Singapore (X tons), Iran (X tons), Saudi Arabia (X tons), Iraq (X tons), South Korea (X tons), Malaysia (X tons) and Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +19.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), the United Arab Emirates ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 63% share of total imports. These countries were followed by Saudi Arabia, Singapore, Thailand, South Korea, Iran, Malaysia, Iraq and Vietnam, which together accounted for a further 23%.

In terms of the main importing countries, Iran, with a CAGR of +32.2%, saw 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

The import price in Asia stood at $X per ton in 2021, surging by 5.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.7%. The growth pace was the most rapid in 2014 an increase of 24% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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 South Korea ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+18.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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