Eastern Asia: Endless Machinery Band Market 2025

Endless Machinery Band Market Size in Eastern Asia

The East Asian endless machinery band market expanded modestly to $X in 2021, growing by 2.8% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Endless Machinery Band Production in Eastern Asia

In value terms, endless machinery band production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the production volume increased by 51%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Endless Machinery Band Exports

Exports in Eastern Asia

In 2021, the amount of endless bands for machinery, of stainless steel exported in Eastern Asia surged to X square meters, rising by 23% against 2020 figures. Total exports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +57.0% against 2016 indices. The most prominent rate of growth was recorded in 2019 with an increase of 41%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, endless machinery band exports skyrocketed to $X in 2021. Total exports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -1.9% against 2019 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 88% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, China (X square meters) represented the largest exporter of endless bands for machinery, of stainless steel, making up 80% of total exports. Taiwan (Chinese) (X square meters) ranks second in terms of the total exports with an 11% share, followed by Japan (4.7%). South Korea (X square meters) took a little share of total exports.

Exports from China increased at an average annual rate of +5.2% from 2012 to 2021. At the same time, South Korea (+21.3%) and Taiwan (Chinese) (+3.0%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +21.3% from 2012-2021. By contrast, Japan (-7.4%) illustrated a downward trend over the same period. While the share of China (+7.2 p.p.) and South Korea (+2.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Japan (-8.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest endless machinery band supplier in Eastern Asia, comprising 62% of total exports. The second position in the ranking was held by Japan ($X), with a 21% share of total exports. It was followed by Taiwan (Chinese), with a 13% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +10.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-5.2% per year) and Taiwan (Chinese) (+1.0% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per square meter in 2021, growing by 13% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the export price increased by 33%. The level of export peaked at $X per square meter in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.7%), while the other leaders experienced mixed trends in the export price figures.

Endless Machinery Band Imports

Imports in Eastern Asia

In 2021, after two years of decline, there was significant growth in supplies from abroad of endless bands for machinery, of stainless steel, when their volume increased by 37% to X square meters. Over the period under review, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of 72% against the previous year. As a result, imports reached the peak of X square meters. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, endless machinery band imports soared to $X in 2021. In general, imports enjoyed mild growth. The most prominent rate of growth was recorded in 2016 with an increase of 60%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

China was the main importer of endless bands for machinery, of stainless steel in Eastern Asia, with the volume of imports reaching X square meters, which was near 61% of total imports in 2021. It was distantly followed by South Korea (X square meters), Taiwan (Chinese) (X square meters) and Democratic People's Republic of Korea (X square meters), together achieving a 35% share of total imports. Macao SAR (X square meters) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to endless machinery band imports into China stood at -4.2%. At the same time, Democratic People's Republic of Korea (+44.6%), Macao SAR (+43.4%) and Taiwan (Chinese) (+4.1%) displayed positive paces of growth. Moreover, Democratic People's Republic of Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +44.6% from 2012-2021. By contrast, South Korea (-16.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, Democratic People's Republic of Korea, Taiwan (Chinese) and Macao SAR increased by +12, +11, +7.2 and +1.6 percentage points, respectively.

In value terms, the largest endless machinery band importing markets in Eastern Asia were China ($X), South Korea ($X) and Taiwan (Chinese) ($X), with a combined 98% share of total imports. Democratic People's Republic of Korea and Macao SAR lagged somewhat behind, together accounting for a further 0.9%.

Macao SAR, with a CAGR of +41.4%, 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 more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per square meter in 2021, surging by 3.9% against the previous year. Over the period under review, the import price posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 an increase of 45%. Over the period under review, import prices reached the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was South Korea ($X per square meter), while Democratic People's Republic of Korea ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+29.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :