Eastern Asia: Billiard Accessoires Market 2024

Billiard Accessoires Market Size in Eastern Asia

The East Asian billiard accessoires market reached $X in 2022, increasing by 2.3% against the previous year. Over the period under review, consumption, however, recorded a pronounced decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Billiard Accessoires Production in Eastern Asia

In value terms, billiard accessoires production reached $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2019 when the production volume increased by 26%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Billiard Accessoires Exports

Exports in Eastern Asia

In 2022, overseas shipments of articles and accessories for billiards decreased by -8.1% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 40%. As a result, the exports attained the peak of X tons, and then fell in the following year.

In value terms, billiard accessoires exports dropped to $X in 2022. Over the period under review, exports, however, posted buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 39%. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

China dominates exports structure, accounting for X tons, which was approx. 91% of total exports in 2022. It was distantly followed by South Korea (X tons), constituting a 7.1% share of total exports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to billiard accessoires exports from China stood at +5.4%. At the same time, South Korea (+27.0%) and Taiwan (Chinese) (+3.2%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +27.0% from 2012-2022. South Korea (+5.9 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -3.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest billiard accessoires supplier in Eastern Asia, comprising 91% of total exports. The second position in the ranking was held by South Korea ($X), with a 2.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China totaled +9.2%. In the other countries, the average annual rates were as follows: South Korea (+17.4% per year) and Taiwan (Chinese) (+2.1% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, with an increase of 6.4% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2019 when the export price increased by 25%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the other leaders experienced a decline in the export price figures.

Billiard Accessoires Imports

Imports in Eastern Asia

In 2022, the amount of articles and accessories for billiards imported in Eastern Asia soared to X tons, picking up by 16% compared with 2021. Over the period under review, imports saw buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 33% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, billiard accessoires imports totaled $X in 2022. In general, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) was the main importer of articles and accessories for billiards, achieving 50% of total imports. Hong Kong SAR (X tons) held a 21% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (18%) and Taiwan (Chinese) (4.8%). The following importers - Japan (X tons) and Macao SAR (X tons) - together made up 5.1% of total imports.

Imports into China increased at an average annual rate of +21.1% from 2012 to 2022. At the same time, Macao SAR (+31.1%), South Korea (+9.4%), Japan (+6.4%) and Taiwan (Chinese) (+4.4%) displayed positive paces of growth. Moreover, Macao SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +31.1% from 2012-2022. Hong Kong SAR experienced a relatively flat trend pattern. From 2012 to 2022, the share of China increased by +33 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), South Korea ($X) and Hong Kong SAR ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 85% of total imports. Japan, Taiwan (Chinese) and Macao SAR lagged somewhat behind, together comprising a further 15%.

Among the main importing countries, Macao SAR, with a CAGR of +41.6%, 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

In 2022, the import price in Eastern Asia amounted to $X per ton, with a decrease of -9.4% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 25% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Macao SAR (+8.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :