Eastern Asia: Electric Brazing Machine Market 2024

Electric Brazing Machine Market Size in Eastern Asia

The East Asian electric brazing machine market shrank to $X in 2022, which is down by -14.8% against the previous year. The total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -25.5% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Electric Brazing Machine Production in Eastern Asia

In value terms, electric brazing machine production surged to $X in 2022 estimated in export price. In general, production, however, posted prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 92% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Electric Brazing Machine Exports

Exports in Eastern Asia

In 2022, the amount of electric brazing or soldering machines and apparatus exported in Eastern Asia reached X units, approximately reflecting 2021 figures. Total exports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +4.0% 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 +53.4% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of 72%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, electric brazing machine exports declined slightly to $X in 2022. Total exports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 +32.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 35% against the previous year. As a result, the exports attained the peak of $X, and then reduced modestly in the following year.

Exports by Country

China represented the key exporting country with an export of about X units, which recorded 42% of total exports. Taiwan (Chinese) (X units) held a 17% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (15%), Japan (14%) and Hong Kong SAR (12%).

China was also the fastest-growing in terms of the electric brazing or soldering machines and apparatus exports, with a CAGR of +23.2% from 2012 to 2022. At the same time, Taiwan (Chinese) (+11.8%) and Hong Kong SAR (+1.4%) displayed positive paces of growth. By contrast, South Korea (-2.4%) and Japan (-6.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Taiwan (Chinese) increased by +34 and +8.6 percentage points, respectively.

In value terms, the largest electric brazing machine supplying countries in Eastern Asia were China ($X), Japan ($X) and Hong Kong SAR ($X), together comprising 79% of total exports.

Among the main exporting countries, China, with a CAGR of +16.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, which is down by -3.3% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the export price increased by 45%. Over the period under review, the export prices reached the maximum at $X per unit in 2019; however, from 2020 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 ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+9.7%), while the other leaders experienced more modest paces of growth.

Electric Brazing Machine Imports

Imports in Eastern Asia

In 2022, the amount of electric brazing or soldering machines and apparatus imported in Eastern Asia declined to X units, which is down by -1.6% against 2021. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 40% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, electric brazing machine imports shrank modestly to $X in 2022. Total imports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.8% 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 +26.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 32%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units) and Taiwan (Chinese) (X units) were the main importers of electric brazing or soldering machines and apparatus in 2022, recording near 43% and 30% of total imports, respectively. Hong Kong SAR (X units) ranks next in terms of the total imports with a 16% share, followed by Japan (7.4%). South Korea (X units) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +14.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported electric brazing or soldering machines and apparatus in Eastern Asia, comprising 58% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 17% share of total imports. It was followed by Hong Kong SAR, with a 14% share.

In China, electric brazing machine imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+15.9% per year) and Hong Kong SAR (+2.7% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2020 when the import price increased by 48%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the import prices failed to regain momentum.

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 South Korea ($X per unit), while Taiwan (Chinese) ($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 (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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