Eastern Asia: Market for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips 2024

Market Size for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips in Eastern Asia

In 2022, the East Asian chain scoops and sliders market decreased by -10.6% to $X, falling for the third year in a row after three years of growth. Overall, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips in Eastern Asia

In value terms, chain scoops and sliders production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 23%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Exports in Eastern Asia

In 2022, overseas shipments of chain scoops, sliders, runners, end pieces and narrow strips increased by 5.8% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +4.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 27% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, chain scoops and sliders exports rose slightly to $X in 2022. The total export value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 49%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

China was the largest exporting country with an export of around X tons, which finished at 79% of total exports. It was distantly followed by Japan (X tons) and Taiwan (Chinese) (X tons), together committing an 18% share of total exports. South Korea (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the chain scoops, sliders, runners, end pieces and narrow strips exports, with a CAGR of +6.4% from 2012 to 2022. At the same time, Japan (+2.6%) displayed positive paces of growth. By contrast, Taiwan (Chinese) (-3.2%) and South Korea (-3.8%) illustrated a downward trend over the same period. China (+14 p.p.) significantly strengthened its position in terms of the total exports, while Japan, South Korea and Taiwan (Chinese) saw its share reduced by -2%, -2.3% and -7.9% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest chain scoops and sliders supplier in Eastern Asia, comprising 61% of total exports. The second position in the ranking was held by Japan ($X), with a 22% share of total exports. It was followed by Taiwan (Chinese), with a 9.7% share.

In China, chain scoops and sliders exports expanded at an average annual rate of +9.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-2.9% per year) and Taiwan (Chinese) (-0.7% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, reducing by -2.7% against the previous year. Overall, the export price recorded a slight contraction. The most prominent rate of growth was recorded in 2021 when the export price increased by 17% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.7%), while the other leaders experienced more modest paces of growth.

Imports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Imports in Eastern Asia

Chain scoops and sliders imports fell notably to X tons in 2022, with a decrease of -18.7% against 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, chain scoops and sliders imports fell remarkably to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 49%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

China was the main importing country with an import of about X tons, which reached 41% of total imports. It was distantly followed by South Korea (X tons), Hong Kong SAR (X tons), Japan (X tons) and Taiwan (Chinese) (X tons), together comprising a 58% share of total imports.

Imports into China decreased at an average annual rate of -1.3% from 2012 to 2022. Taiwan (Chinese), South Korea, Japan and Hong Kong SAR experienced a relatively flat trend pattern. China (-2 p.p.) significantly weakened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest chain scoops and sliders importing markets in Eastern Asia were China ($X), Hong Kong SAR ($X) and South Korea ($X), together accounting for 85% of total imports.

Hong Kong SAR, with a CAGR of +2.9%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, stabilizing at the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 15%. The level of import peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+3.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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