Eastern Asia: Appliance Part Brush Market 2024

Appliance Part Brush Market Size in Eastern Asia

The East Asian appliance part brush market skyrocketed to $X in 2022, growing by 36% against the previous year. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Appliance Part Brush Production in Eastern Asia

In value terms, appliance part brush production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% 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 2020 when the production volume increased by 15% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Appliance Part Brush Exports

Exports in Eastern Asia

In 2022, approx. X units of brushes constituting parts of appliances were exported in Eastern Asia; picking up by 20% on 2021. Overall, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 208% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, appliance part brush exports shrank to $X in 2022. Total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +43.0% against 2014 indices. The pace of growth appeared the most rapid in 2021 with an increase of 27%. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

The shipments of the one major exporters of brushes constituting parts of appliances, namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the brushes constituting parts of appliances exports, with a CAGR of +22.4% from 2012 to 2022. China (+19 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest appliance part brush supplier in Eastern Asia.

From 2012 to 2022, the average annual growth rate of value in China stood at +8.0%.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, dropping by -21.5% against the previous year. Overall, the export price faced a abrupt setback. The pace of growth appeared the most rapid in 2018 when the export price increased by 6.2%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 -11.8% per year.

Appliance Part Brush Imports

Imports in Eastern Asia

In 2022, the amount of brushes constituting parts of appliances imported in Eastern Asia declined to X units, with a decrease of -9.6% compared with the year before. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when imports increased by 24% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, appliance part brush imports expanded to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.7% 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 +80.9% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 23%. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

The countries with the highest levels of appliance part brush imports in 2022 were China (X units), South Korea (X units) and Japan (X units), together finishing at 79% of total import. Hong Kong SAR (X units) ranks next in terms of the total imports with a 15% share, followed by Taiwan (Chinese) (6.2%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Hong Kong SAR (with a CAGR of +21.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported brushes constituting parts of appliances in Eastern Asia, comprising 47% of total imports. The second position in the ranking was held by South Korea ($X), with a 21% share of total imports. It was followed by Japan, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +6.1%. In the other countries, the average annual rates were as follows: South Korea (+15.4% per year) and Japan (+4.3% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, increasing by 15% against the previous year. Import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, appliance part brush import price increased by +80.7% against 2017 indices. The pace of growth was the most pronounced in 2020 an increase of 44% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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 China ($X per unit), while Hong Kong SAR ($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 (+11.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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