Eastern Asia: Market for Brooms, Brushes, And Mops 2024

Market Size for Brooms, Brushes, And Mops in Eastern Asia

The East Asian broom, brush, and mop market shrank modestly to $X in 2022, which is down by -3.1% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Brooms, Brushes, And Mops in Eastern Asia

In value terms, broom, brush, and mop production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 19% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Brooms, Brushes, And Mops

Exports in Eastern Asia

Broom, brush, and mop exports rose remarkably to X units in 2022, growing by 6.8% against 2021 figures. The total export volume increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 8.8%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, broom, brush, and mop exports rose remarkably to $X in 2022. Total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +117.1% against 2012 indices. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, China (X units) represented the main exporter of brooms, brushes, and mops in Eastern Asia, committing 97% of total export.

China was also the fastest-growing in terms of the brooms, brushes, and mops exports, with a CAGR of +4.5% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest broom, brush, and mop supplier in Eastern Asia.

In China, broom, brush, and mop exports expanded at an average annual rate of +8.8% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, rising by 3.6% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2021 an increase of 14%. The level of export peaked in 2022 and is likely to continue growth in years to come.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +4.1% per year.

Imports of Brooms, Brushes, And Mops

Imports in Eastern Asia

In 2022, the amount of brooms, brushes, and mops imported in Eastern Asia stood at X units, with an increase of 2.1% compared with the previous year. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 18%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, broom, brush, and mop imports reached $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.2% against 2012 indices. The growth pace was the most rapid in 2021 when imports increased by 12%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X units) was the main importer of brooms, brushes, and mops, achieving 40% of total imports. Japan (X units) ranks second in terms of the total imports with a 24% share, followed by South Korea (13%), Taiwan (Chinese) (12%) and Hong Kong SAR (10%).

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +9.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest broom, brush, and mop importing markets in Eastern Asia were Japan ($X), South Korea ($X) and China ($X), with a combined 76% share of total imports. Hong Kong SAR and Taiwan (Chinese) lagged somewhat behind, together comprising a further 23%.

Hong Kong SAR, with a CAGR of +9.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 Eastern Asia stood at $X per unit in 2022, dropping by -1.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2021 an increase of 12%. As a result, import price attained the peak level of $X per unit, and then reduced modestly in the following year.

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 ($X per unit), while China ($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 (+13.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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