Eastern Asia: Bar Draw-Bench Market 2025

Bar Draw-Bench Market Size in Eastern Asia

The East Asian bar draw-bench market dropped sharply to $X in 2022, waning by X% against the previous year. Over the period under review, consumption saw a perceptible setback. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Bar Draw-Bench Production in Eastern Asia

In value terms, bar draw-bench production declined slightly to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced descent. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Bar Draw-Bench Exports

Exports in Eastern Asia

Bar draw-bench exports skyrocketed to X units in 2022, jumping by X% against 2021. In general, exports enjoyed a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, bar draw-bench exports soared to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, finishing at X units, which was approx. X% of total exports in 2022. The following exporters - South Korea (X units), Taiwan (Chinese) (X units) and Japan (X units) - each finished at an X% share of total exports.

China was also the fastest-growing in terms of the draw-benches for bars, tubes, profiles, wire or the like exports, with a CAGR of X% from 2012 to 2022. Taiwan (Chinese) (X%), Japan (X%) and South Korea (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points.

In value terms, China ($X) remains the largest bar draw-bench supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

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

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the export price showed a perceptible reduction. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, 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 ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced a decline in the export price figures.

Bar Draw-Bench Imports

Imports in Eastern Asia

In 2022, after two years of growth, there was significant decline in supplies from abroad of draw-benches for bars, tubes, profiles, wire or the like, when their volume decreased by X% to X units. Over the period under review, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, bar draw-bench imports fell modestly to $X in 2022. In general, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China was the largest importer of draw-benches for bars, tubes, profiles, wire or the like in Eastern Asia, with the volume of imports finishing at X units, which was near X% of total imports in 2022. South Korea (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (X%) and Japan (X%). Hong Kong SAR (X units) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, China ($X) constitutes the largest market for imported draw-benches for bars, tubes, profiles, wire or the like in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, increasing by X% against the previous year. In general, the import price recorded a resilient increase. The pace of growth was the most pronounced in 2018 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

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 (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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