Eastern Asia: Hand-Held Blow Pipe Market 2024

Hand-Held Blow Pipe Market Size in Eastern Asia

In 2021, the East Asian hand-held blow pipe market decreased by -21.9% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption showed a mild reduction. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Hand-Held Blow Pipe Production in Eastern Asia

In value terms, hand-held blow pipe production dropped modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by 15% against the previous year. The level of production peaked at $X in 2020, and then fell in the following year.

Hand-Held Blow Pipe Exports

Exports in Eastern Asia

For the fifth year in a row, Eastern Asia recorded growth in overseas shipments of hand-held blow pipes for soldering, brazing or welding, which increased by 81% to X units in 2021. In general, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hand-held blow pipe exports soared to $X in 2021. Over the period under review, exports showed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, finishing at X units, which was near 91% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X units), constituting a 7.8% share of total exports.

China was also the fastest-growing in terms of the hand-held blow pipes for soldering, brazing or welding exports, with a CAGR of +29.2% from 2012 to 2021. Taiwan (Chinese) (-1.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +44 percentage points.

In value terms, China ($X) remains the largest hand-held blow pipe supplier in Eastern Asia, comprising 82% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 15% share of total exports.

In China, hand-held blow pipe exports expanded at an average annual rate of +12.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, shrinking by -21.9% against the previous year. Overall, the export price saw a deep setback. The growth pace was the most rapid in 2013 an increase of 42% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.8%).

Hand-Held Blow Pipe Imports

Imports in Eastern Asia

In 2021, hand-held blow pipe imports in Eastern Asia skyrocketed to X units, with an increase of 18% compared with the previous year's figure. Over the period under review, imports, however, recorded a pronounced setback. The growth pace was the most rapid in 2014 with an increase of 19%. Over the period under review, imports attained the peak figure at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, hand-held blow pipe imports skyrocketed to $X in 2021. In general, imports, however, saw a slight curtailment. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of hand-held blow pipe imports in 2021 were Hong Kong SAR (X units), Japan (X units), Taiwan (Chinese) (X units) and South Korea (X units), together reaching 93% of total import. It was distantly followed by China (X units), mixing up a 6.8% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by South Korea (with a CAGR of +9.5%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest hand-held blow pipe importing markets in Eastern Asia were Japan ($X), Taiwan (Chinese) ($X) and Hong Kong SAR ($X), with a combined 74% share of total imports. These countries were followed by China and South Korea, which together accounted for a further 26%.

In terms of the main importing countries, South Korea, with a CAGR of +18.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per unit, growing by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2016 an increase of 24% against the previous year. Over the period under review, import prices attained the maximum in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while Hong Kong SAR ($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) (+12.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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