Eastern Asia: Market for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals 2024

Market Size for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in Eastern Asia

The East Asian market for fully or partly automatic electric machines for arc welding of metals contracted notably to $X in 2022, waning by -15.9% against the previous year. Over the period under review, consumption saw a drastic downturn. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in Eastern Asia

In value terms, production of fully or partly automatic electric machines for arc welding of metals dropped modestly to $X in 2022 estimated in export price. Over the period under review, production saw a slight descent. The most prominent rate of growth was recorded in 2021 when the production volume increased by 10%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Exports in Eastern Asia

In 2022, approx. X units of fully or partly automatic electric machines for arc welding of metals were exported in Eastern Asia; surging by 9.2% on 2021 figures. In general, exports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 75% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, exports of fully or partly automatic electric machines for arc welding of metals dropped remarkably to $X in 2022. Total exports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.2% 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 +6.9% against 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of 42%. As a result, the exports attained the peak of $X, and then shrank rapidly in the following year.

Exports by Country

China was the largest exporter of fully or partly automatic electric machines for arc welding of metals in Eastern Asia, with the volume of exports accounting for X units, which was near 72% of total exports in 2022. Japan (X units) ranks second in terms of the total exports with an 18% share, followed by South Korea (8.6%).

China was also the fastest-growing in terms of the fully or partly automatic electric machines for arc welding of metals exports, with a CAGR of +22.4% from 2012 to 2022. At the same time, South Korea (+9.4%) displayed positive paces of growth. By contrast, Japan (-2.3%) illustrated a downward trend over the same period. China (+48 p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by -40.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and South Korea ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 98% of total exports.

China, with a CAGR of +12.7%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, falling by -25% against the previous year. In general, the export price recorded a deep slump. The most prominent rate of growth was recorded in 2018 an increase of 9.4% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 ($X per unit), while China ($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 (-2.6%), while the other leaders experienced a decline in the export price figures.

Imports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Imports in Eastern Asia

In 2022, imports of fully or partly automatic electric machines for arc welding of metals in Eastern Asia dropped to X units, which is down by -8.6% on the year before. Over the period under review, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2017 when imports increased by 24%. Over the period under review, imports of reached the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of fully or partly automatic electric machines for arc welding of metals dropped to $X in 2022. Overall, imports continue to indicate a perceptible slump. The growth pace was the most rapid in 2017 when imports increased by 37% against the previous year. Over the period under review, imports of reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Taiwan (Chinese) (X units), distantly followed by Japan (X units), South Korea (X units) and China (X units) represented the major importers of fully or partly automatic electric machines for arc welding of metals, together generating 96% of total imports. Hong Kong SAR (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Taiwan (Chinese) (with a CAGR of +16.4%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, China ($X) constitutes the largest market for imported fully or partly automatic electric machines for arc welding of metals in Eastern Asia, comprising 43% of total imports. The second position in the ranking was held by South Korea ($X), with a 21% share of total imports. It was followed by Taiwan (Chinese), with a 21% share.

From 2012 to 2022, the average annual growth rate of value in China totaled -7.2%. In the other countries, the average annual rates were as follows: South Korea (+0.4% per year) and Taiwan (Chinese) (+17.3% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, with a decrease of -4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2021 when the import price increased by 23% against the previous year. As a result, import price reached the peak level of $X per unit, and then dropped in the following year.

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 ($X per unit), while Japan ($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 (+12.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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