Eastern Asia: Construction Equipment Blade Market 2025

Construction Equipment Blade Market Size in Eastern Asia

In 2022, the East Asian construction equipment blade market decreased by -3.6% to $X, falling for the sixth year in a row after two years of growth. In general, consumption, however, showed a abrupt decrease. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Construction Equipment Blade Production in Eastern Asia

In value terms, construction equipment blade production reduced to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 79% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Construction Equipment Blade Exports

Exports in Eastern Asia

In 2022, exports of blades for construction equipment in Eastern Asia shrank to X units, waning by -14.5% against the year before. In general, exports showed a perceptible decrease. The growth pace was the most rapid in 2019 when exports increased by 42% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, construction equipment blade exports rose significantly to $X in 2022. Overall, exports showed a pronounced shrinkage. The growth pace was the most rapid in 2021 with an increase of 46% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X units) and China (X units) prevails in exports structure, together making up 95% of total exports. South Korea (X units) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by China (with a CAGR of +1.7%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest construction equipment blade supplying countries in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), together comprising 99% of total exports.

In terms of the main exporting countries, China, with a CAGR of +8.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, with an increase of 32% against the previous year. Export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, construction equipment blade export price increased by +63.4% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while Japan ($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 (+7.1%), while the other leaders experienced mixed trends in the export price figures.

Construction Equipment Blade Imports

Imports in Eastern Asia

In 2022, approx. X units of blades for construction equipment were imported in Eastern Asia; waning by -35.2% against the year before. Over the period under review, imports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 144% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, construction equipment blade imports contracted dramatically to $X in 2022. In general, imports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2021 when imports increased by 138%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Taiwan (Chinese) (X units), distantly followed by China (X units), Japan (X units) and South Korea (X units) were the main importers of blades for construction equipment, together creating 97% of total imports. Hong Kong SAR (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +12.4%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest construction equipment blade importing markets in Eastern Asia were South Korea ($X), Japan ($X) and Taiwan (Chinese) ($X), with a combined 78% share of total imports.

In terms of the main importing countries, Taiwan (Chinese), with a CAGR of +0.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, increasing by 1.6% against the previous year. Over the period under review, the import price showed a tangible increase. The pace of growth was the most pronounced in 2018 an increase of 157%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+11.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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