Eastern Asia: Breathing Appliances Market 2024

Breathing Appliances Market Size in Eastern Asia

The East Asian breathing appliances market rose significantly to $X in 2022, with an increase of 7.1% against the previous year. Over the period under review, consumption continues to indicate strong growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Breathing Appliances Production in Eastern Asia

In value terms, breathing appliances production expanded rapidly to $X in 2022 estimated in export price. Overall, production showed a prominent increase. The pace of growth was the most pronounced in 2019 when the production volume increased by 33%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Breathing Appliances Exports

Exports in Eastern Asia

In 2022, breathing appliances exports in Eastern Asia dropped modestly to X units, shrinking by -4.6% against the previous year's figure. Total exports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -28.9% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 46%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, breathing appliances exports fell to $X in 2022. Total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -6.3% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 38%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

China was the major exporting country with an export of around X units, which recorded 66% of total exports. Taiwan (Chinese) (X units) ranks second in terms of the total exports with a 16% share, followed by South Korea (12%). The following exporters - Japan (X units) and Hong Kong SAR (X units) - together made up 4.8% of total exports.

From 2012 to 2022, average annual rates of growth with regard to breathing appliances exports from China stood at +1.0%. At the same time, Taiwan (Chinese) (+4.4%), South Korea (+2.7%) and Japan (+2.0%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +4.4% from 2012-2022. By contrast, Hong Kong SAR (-6.0%) illustrated a downward trend over the same period. While the share of Taiwan (Chinese) (+3.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hong Kong SAR (-2.6 p.p.) and China (-3.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Taiwan (Chinese) ($X) and South Korea ($X) constituted the countries with the highest levels of exports in 2022, with a combined 86% share of total exports.

Taiwan (Chinese), with a CAGR of +10.4%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, shrinking by -7.4% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 27% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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 Hong Kong SAR ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+6.8%), while the other leaders experienced more modest paces of growth.

Breathing Appliances Imports

Imports in Eastern Asia

Breathing appliances imports dropped markedly to X units in 2022, shrinking by -18.6% on the previous year. Overall, imports continue to indicate a perceptible descent. The growth pace was the most rapid in 2014 when imports increased by 41%. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, breathing appliances imports dropped to $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.5% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of 33% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main importer of breathing appliances and gas masks, mixing up 49% of total imports. South Korea (X units) took a 21% share (based on physical terms) of total imports, which put it in second place, followed by Japan (11%), Hong Kong SAR (11%) and Taiwan (Chinese) (8%).

China was also the fastest-growing in terms of the breathing appliances and gas masks imports, with a CAGR of +9.9% from 2012 to 2022. South Korea and Japan experienced a relatively flat trend pattern. Taiwan (Chinese) (-1.6%) and Hong Kong SAR (-16.0%) illustrated a downward trend over the same period. While the share of China (+34 p.p.) and South Korea (+2.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Hong Kong SAR (-38.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported breathing appliances and gas masks in Eastern Asia, comprising 53% of total imports. The second position in the ranking was taken by South Korea ($X), with a 19% share of total imports. It was followed by Japan, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in China totaled +11.0%. In the other countries, the average annual rates were as follows: South Korea (+6.3% per year) and Japan (-1.4% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, surging by 13% against the previous year. Overall, the import price saw a prominent expansion. The pace of growth was the most pronounced in 2020 when the import price increased by 24% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in China ($X per unit) and Japan ($X per unit), while Hong Kong SAR ($X per unit) and Taiwan (Chinese) ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+18.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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