Eastern Asia: Hand Sieve Market 2024

Hand Sieve Market Size in Eastern Asia

The East Asian hand sieve market was finally on the rise to reach $X in 2022, after three years of decline. Overall, consumption, however, saw a noticeable descent. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Hand Sieve Production in Eastern Asia

In value terms, hand sieve production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 11%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Hand Sieve Exports

Exports in Eastern Asia

In 2022, shipments abroad of hand sieves and hand riddles decreased by -23.3% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 157% against the previous year. As a result, the exports reached the peak of X units, and then fell rapidly in the following year.

In value terms, hand sieve exports shrank sharply to $X in 2022. Over the period under review, exports, however, posted a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 93% against the previous year. As a result, the exports attained the peak of $X, and then declined dramatically in the following year.

Exports by Country

China dominates exports structure, accounting for X units, which was near 95% of total exports in 2022. South Korea (X units) held a little share of total exports.

China was also the fastest-growing in terms of the hand sieves and hand riddles exports, with a CAGR of +21.9% from 2012 to 2022. At the same time, South Korea (+4.8%) displayed positive paces of growth. While the share of China (+32 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Korea (-3.6 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest hand sieve supplier in Eastern Asia, comprising 91% of total exports. The second position in the ranking was taken by South Korea ($X), with a 2.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China stood at +10.3%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, dropping by -8.4% against the previous year. In general, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of 46%. The level of export peaked at $X per unit in 2018; however, from 2019 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 South Korea ($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 South Korea (+3.3%).

Hand Sieve Imports

Imports in Eastern Asia

In 2022, supplies from abroad of hand sieves and hand riddles decreased by -25.2% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports saw a mild curtailment. The pace of growth was the most pronounced in 2021 with an increase of 39%. As a result, imports reached the peak of X units, and then dropped rapidly in the following year.

In value terms, hand sieve imports shrank remarkably to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 37% against the previous year. As a result, imports attained the peak of $X, and then declined sharply in the following year.

Imports by Country

Japan prevails in imports structure, amounting to X units, which was near 87% of total imports in 2022. It was distantly followed by South Korea (X units), comprising a 5.4% share of total imports. Taiwan (Chinese) (X units) and Hong Kong SAR (X units) took a relatively small share of total imports.

Imports into Japan decreased at an average annual rate of -1.0% from 2012 to 2022. At the same time, South Korea (+16.3%) and Taiwan (Chinese) (+10.4%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +16.3% from 2012-2022. By contrast, Hong Kong SAR (-13.4%) illustrated a downward trend over the same period. South Korea (+4.4 p.p.), Taiwan (Chinese) (+2.9 p.p.) and Japan (+2.2 p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR saw its share reduced by -8.2% from 2012 to 2022, respectively.

In value terms, Japan ($X) constitutes the largest market for imported hand sieves and hand riddles in Eastern Asia, comprising 68% of total imports. The second position in the ranking was held by South Korea ($X), with a 13% share of total imports. It was followed by Taiwan (Chinese), with a 9.7% share.

In Japan, hand sieve imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+5.6% per year) and Taiwan (Chinese) (+0.1% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2014 an increase of 24%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the import prices remained at a lower figure.

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 South Korea ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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