Asia: Winche And Capstan Market 2024

Winche And Capstan Market Size in Asia

The Asian winche and capstan market declined to $X in 2021, with a decrease of -12.8% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Winche And Capstan Production in Asia

In value terms, winche and capstan production reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 45%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Winche And Capstan Exports

Exports in Asia

In 2021, approx. X units of winches and capstans were exported in Asia; surging by 30% compared with the year before. Over the period under review, exports recorded tangible growth. The pace of growth appeared the most rapid in 2017 when exports increased by 129%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, winche and capstan exports soared to $X in 2021. The total export value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, recording X units, which was near 78% of total exports in 2021. It was distantly followed by India (X units) and Taiwan (Chinese) (X units), together making up a 14% share of total exports. The following exporters - Japan (X units) and Turkey (X units) - each recorded a 4.3% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to winche and capstan exports from China stood at +1.7%. At the same time, Turkey (+63.1%), India (+55.3%) and Taiwan (Chinese) (+20.3%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +63.1% from 2012-2021. By contrast, Japan (-7.4%) illustrated a downward trend over the same period. India (+8.1 p.p.), Taiwan (Chinese) (+4.4 p.p.) and Turkey (+2 p.p.) significantly strengthened its position in terms of the total exports, while Japan and China saw its share reduced by -3.4% and -4.1% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest winche and capstan supplier in Asia, comprising 72% of total exports. The second position in the ranking was taken by Japan ($X), with a 5.6% share of total exports. It was followed by Taiwan (Chinese), with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +2.9%. In the other countries, the average annual rates were as follows: Japan (-8.8% per year) and Taiwan (Chinese) (+5.7% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, dropping by -7.5% against the previous year. Overall, the export price saw a slight reduction. The pace of growth appeared the most rapid in 2016 when the export price increased by 157%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Japan ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.2%), while the other leaders experienced a decline in the export price figures.

Winche And Capstan Imports

Imports in Asia

In 2021, supplies from abroad of winches and capstans increased by 4.3% to X units for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 11% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, winche and capstan imports expanded modestly to $X in 2021. Over the period under review, imports, however, saw a deep reduction. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Japan (X units), Turkey (X units), South Korea (X units) and Indonesia (X units) represented roughly 60% of total imports in 2021. It was distantly followed by Vietnam (X units), the United Arab Emirates (X units), Taiwan (Chinese) (X units) and Singapore (X units), together creating a 24% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Turkey (with a CAGR of +11.9%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Turkey ($X), South Korea ($X) and Singapore ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 28% of total imports.

Turkey, with a CAGR of +11.0%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Asia stood at $X per unit in 2021, therefore, remained relatively stable against the previous year. In general, the import price, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2018 an increase of 45%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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