Eastern Asia: Ecg Market 2025

Ecg Market Size in Eastern Asia

In 2021, the East Asian ECG market decreased by -6.8% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, consumption, however, recorded resilient growth. Over the period under review, the market attained the maximum level at $X in 2020, and then reduced in the following year.

Ecg Production in Eastern Asia

In value terms, ECG production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 30% against the previous year. The level of production peaked at $X in 2020, and then fell in the following year.

Ecg Exports

Exports in Eastern Asia

In 2021, overseas shipments of electro-cardiographs increased by 3.9% to X units, rising for the second consecutive year after three years of decline. Total exports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +68.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 62%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, ECG exports soared to $X in 2021. The total export value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the main exporter of electro-cardiographs in Eastern Asia, with the volume of exports reaching X units, which was near 76% of total exports in 2021. It was distantly followed by South Korea (X units), committing a 13% share of total exports. The following exporters - Hong Kong SAR (X units), Japan (X units) and Taiwan (Chinese) (X units) - together made up 10% of total exports.

From 2012 to 2021, average annual rates of growth with regard to ECG exports from China stood at +6.9%. At the same time, Taiwan (Chinese) (+28.2%) and Hong Kong SAR (+2.2%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +28.2% from 2012-2021. South Korea experienced a relatively flat trend pattern. By contrast, Japan (-10.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and Taiwan (Chinese) increased by +15 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest ECG supplier in Eastern Asia, comprising 64% of total exports. The second position in the ranking was taken by South Korea ($X), with a 16% share of total exports. It was followed by Japan, with a 9.4% share.

In China, ECG exports expanded at an average annual rate of +4.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+7.9% per year) and Japan (-8.4% per year).

Ecg Imports

Imports in Eastern Asia

In 2021, ecg imports in Eastern Asia rose modestly to X units, with an increase of 2.7% on the year before. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when imports increased by 14%. The volume of import peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, ECG imports expanded markedly to $X in 2021. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when imports increased by 10% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Japan was the largest importer of electro-cardiographs in Eastern Asia, with the volume of imports finishing at X units, which was near 50% of total imports in 2021. South Korea (X units) took a 17% share (based on physical terms) of total imports, which put it in second place, followed by China (15%) and Hong Kong SAR (15%). Taiwan (Chinese) (X units) held a relatively small share of total imports.

Imports into Japan increased at an average annual rate of +2.4% from 2012 to 2021. At the same time, Taiwan (Chinese) (+14.8%), Hong Kong SAR (+7.7%) and South Korea (+3.3%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +14.8% from 2012-2021. By contrast, China (-4.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Hong Kong SAR, Taiwan (Chinese), South Korea and Japan increased by +5.7, +2.4, +1.7 and +1.6 percentage points, respectively.

In value terms, Japan ($X), China ($X) and Hong Kong SAR ($X) constituted the countries with the highest levels of imports in 2021, with a combined 84% share of total imports. South Korea and Taiwan (Chinese) lagged somewhat behind, together comprising a further 16%.

In terms of the main importing countries, Taiwan (Chinese), with a CAGR of +8.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, surging by 4.8% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the import price increased by 14%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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