Eastern Asia: Market for Gas and Smoke Analysers 2024

Market Size for Gas and Smoke Analysers in Eastern Asia

In 2021, the East Asian gas and smoke analyser market decreased by -22.2% to $X, falling for the second consecutive year after eight years of growth. In general, consumption, however, recorded prominent growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Gas and Smoke Analysers in Eastern Asia

In value terms, gas and smoke analyser production declined modestly to $X in 2021 estimated in export price. Overall, production, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 45%. Over the period under review, production reached the maximum level at $X in 2020, and then declined modestly in the following year.

Exports of Gas and Smoke Analysers

Exports in Eastern Asia

In 2021, the amount of gas and smoke analysers exported in Eastern Asia soared to X units, picking up by 58% against the previous year. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2013 with an increase of 93% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, gas and smoke analyser exports soared to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +9.0% 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 +64.9% against 2013 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the largest exporter of gas and smoke analysers in Eastern Asia, with the volume of exports amounting to X units, which was near 81% of total exports in 2021. It was distantly followed by South Korea (X units), achieving an 11% share of total exports. Japan (X units), Hong Kong SAR (X units) and Taiwan (Chinese) (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the gas and smoke analysers exports, with a CAGR of +39.7% from 2012 to 2021. At the same time, Hong Kong SAR (+19.9%), Taiwan (Chinese) (+18.5%) and South Korea (+11.5%) displayed positive paces of growth. By contrast, Japan (-4.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +53 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest gas and smoke analyser supplier in Eastern Asia, comprising 51% of total exports. The second position in the ranking was held by South Korea ($X), with a 20% share of total exports. It was followed by Japan, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +23.1%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+12.0% per year) and Japan (-3.8% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, reducing by -11.2% against the previous year. Over the period under review, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2014 when the export price increased by 4.4%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Hong Kong SAR ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+0.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Gas and Smoke Analysers

Imports in Eastern Asia

Gas and smoke analyser imports surged to X units in 2021, rising by 32% against the previous year's figure. Over the period under review, imports posted prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by 86%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, gas and smoke analyser imports skyrocketed to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +9.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 37% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

In 2021, China (X units) was the largest importer of gas and smoke analysers, generating 68% of total imports. South Korea (X units) held a 23% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (4.9%). Japan (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to gas and smoke analyser imports into China stood at +12.7%. At the same time, South Korea (+22.1%), Japan (+11.3%) and Taiwan (Chinese) (+4.5%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +22.1% from 2012-2021. While the share of South Korea (+11 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of China (-3.4 p.p.) and Taiwan (Chinese) (-5.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), South Korea ($X) and Taiwan (Chinese) ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 91% share of total imports.

Among the main importing countries, South Korea, with a CAGR of +17.9%, saw the highest rates of growth with regard to 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, declining by -7.9% against the previous year. Overall, the import price saw a pronounced contraction. The most prominent rate of growth was recorded in 2015 an increase of 25%. Over the period under review, import prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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