Eastern Asia: Centrifugal Cream Separator Market 2024

Centrifugal Cream Separator Market Size in Eastern Asia

For the fourth year in a row, the East Asian centrifugal cream separator market recorded decline in sales value, which decreased by -27.3% to $X in 2021. In general, consumption recorded a abrupt downturn. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Centrifugal Cream Separator Production in Eastern Asia

In value terms, centrifugal cream separator production fell slightly to $X in 2021 estimated in export price. Overall, production showed a slight slump. The most prominent rate of growth was recorded in 2013 with an increase of 9.1%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Centrifugal Cream Separator Exports

Exports in Eastern Asia

In 2021, approx. X units of centrifugal cream separators were exported in Eastern Asia; with an increase of 132% on the previous year. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 150% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, centrifugal cream separator exports surged to $X in 2021. Overall, exports enjoyed pronounced growth. The pace of growth appeared the most rapid in 2017 when exports increased by 444% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, finishing at X units, which was approx. 94% of total exports in 2021. Japan (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the centrifugal cream separators exports, with a CAGR of +50.9% from 2012 to 2021. Japan experienced a relatively flat trend pattern. China (+64 p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by -48.8% from 2012 to 2021, respectively.

In value terms, China ($X) and Japan ($X) appeared to be the countries with the highest levels of exports in 2021.

China, with a CAGR of +20.1%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, waning by -44.5% against the previous year. In general, the export price recorded a significant decline. The most prominent rate of growth was recorded in 2015 an increase of 286%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-1.6%).

Centrifugal Cream Separator Imports

Imports in Eastern Asia

In 2021, the amount of centrifugal cream separators imported in Eastern Asia rose slightly to X units, surging by 2.3% against 2020 figures. In general, imports saw a remarkable increase. The growth pace was the most rapid in 2015 with an increase of 593% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, centrifugal cream separator imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a perceptible downturn. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units) and South Korea (X units) represented the main importers of centrifugal cream separators in 2021, finishing at approx. 43% and 30% of total imports, respectively. Hong Kong SAR (X units) took the next position in the ranking, distantly followed by Japan (X units). All these countries together took approx. 25% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Hong Kong SAR (with a CAGR of +21.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported centrifugal cream separators in Eastern Asia, comprising 73% of total imports. The second position in the ranking was held by Japan ($X), with a 13% share of total imports. It was followed by Hong Kong SAR, with a 12% share.

In China, centrifugal cream separator imports shrank by an average annual rate of -1.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (-10.3% per year) and Hong Kong SAR (+12.5% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per unit, increasing by 360% against the previous year. In general, the import price, however, showed a deep contraction. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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