Eastern Asia: Hand-Operated Air Pump Market 2024

Hand-Operated Air Pump Market Size in Eastern Asia

The East Asian hand-operated air pump market surged to $X in 2022, picking up by 33% against the previous year. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Hand-Operated Air Pump Production in Eastern Asia

In value terms, hand-operated air pump production reached $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 16%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Hand-Operated Air Pump Exports

Exports in Eastern Asia

In 2022, shipments abroad of hand or foot-operated air pumps decreased by -14.5% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports showed a pronounced contraction. The pace of growth appeared the most rapid in 2021 with an increase of 17% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, hand-operated air pump exports shrank to $X in 2022. Total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +74.4% against 2017 indices. The pace of growth appeared the most rapid in 2021 with an increase of 32% against the previous year. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

China represented the key exporter of hand or foot-operated air pumps in Eastern Asia, with the volume of exports reaching X units, which was approx. 88% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X units), generating a 12% share of total exports.

China was also the fastest-growing in terms of the hand or foot-operated air pumps exports, with a CAGR of -1.3% from 2012 to 2022. Taiwan (Chinese) (-8.1%) illustrated a downward trend over the same period. While the share of China (+11 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Taiwan (Chinese) (-9.5 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest hand-operated air pump supplier in Eastern Asia, comprising 73% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 26% share of total exports.

In China, hand-operated air pump exports expanded at an average annual rate of +3.6% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, picking up by 6.9% against the previous year. Export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hand-operated air pump export price increased by +60.7% against 2018 indices. The pace of growth appeared the most rapid in 2014 when the export price increased by 26% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+19.2%).

Hand-Operated Air Pump Imports

Imports in Eastern Asia

In 2022, hand-operated air pump imports in Eastern Asia fell to X units, shrinking by -5.3% compared with the previous year. Overall, imports recorded a perceptible contraction. The pace of growth was the most pronounced in 2020 with an increase of 7.5% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, hand-operated air pump imports declined to $X in 2022. Over the period under review, imports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 12%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan was the key importer of hand or foot-operated air pumps in Eastern Asia, with the volume of imports recording X units, which was approx. 50% of total imports in 2022. It was distantly followed by Taiwan (Chinese) (X units), China (X units) and South Korea (X units), together committing a 47% share of total imports. Hong Kong SAR (X units) took a minor share of total imports.

Imports into Japan decreased at an average annual rate of -4.7% from 2012 to 2022. At the same time, China (+9.0%) and Taiwan (Chinese) (+1.1%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +9.0% from 2012-2022. South Korea experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-21.2%) illustrated a downward trend over the same period. While the share of China (+12 p.p.), Taiwan (Chinese) (+6.9 p.p.) and South Korea (+6.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (-1.7 p.p.) and Hong Kong SAR (-19.7 p.p.) displayed negative dynamics.

In value terms, Japan ($X) constitutes the largest market for imported hand or foot-operated air pumps in Eastern Asia, comprising 56% of total imports. The second position in the ranking was taken by South Korea ($X), with a 17% share of total imports. It was followed by China, with a 16% share.

From 2012 to 2022, the average annual growth rate of value in Japan stood at -3.1%. In the other countries, the average annual rates were as follows: South Korea (+2.9% per year) and China (-2.0% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, declining by -6.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2021 an increase of 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 Japan ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+10.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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