Eastern Asia: Industrial Robot Market 2024

Industrial Robot Market Size in Eastern Asia

For the fifth consecutive year, the East Asian industrial robot market recorded growth in sales value, which increased by 3.7% to $X in 2021. The market value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in the immediate term.

Industrial Robot Production in Eastern Asia

In value terms, industrial robot production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 11% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then declined modestly in the following year.

Industrial Robot Exports

Exports in Eastern Asia

In 2021, shipments abroad of industrial robots for multiple uses increased by 30% to X units, rising for the second consecutive year after two years of decline. Total exports indicated a tangible 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 +30.7% against 2019 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 32%. The volume of export peaked in 2021 and is likely to see steady growth in the near future.

In value terms, industrial robot exports skyrocketed to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.9% 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 +38.5% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan represented the major exporting country with an export of around X units, which reached 73% of total exports. China (X units) ranks second in terms of the total exports with a 15% share, followed by South Korea (7.4%). Taiwan (Chinese) (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to industrial robot exports from Japan stood at +3.6%. At the same time, China (+13.6%) and Taiwan (Chinese) (+2.0%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +13.6% from 2012-2021. South Korea experienced a relatively flat trend pattern. China (+8.4 p.p.) significantly strengthened its position in terms of the total exports, while South Korea and Japan saw its share reduced by -2.6% and -3.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest industrial robot supplier in Eastern Asia, comprising 77% of total exports. The second position in the ranking was held by China ($X), with an 11% share of total exports. It was followed by South Korea, with a 5.8% share.

In Japan, industrial robot exports increased at an average annual rate of +5.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: China (+11.4% per year) and South Korea (+1.6% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, surging by 3.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2014 when the export price increased by 7.2%. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while China ($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) (+6.0%), while the other leaders experienced more modest paces of growth.

Industrial Robot Imports

Imports in Eastern Asia

For the fifth consecutive year, Eastern Asia recorded growth in supplies from abroad of industrial robots for multiple uses, which increased by 57% to X units in 2021. In general, imports posted a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial robot imports soared to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 46%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X units) represented the main importer of industrial robots for multiple uses, comprising 81% of total imports. It was distantly followed by South Korea (X units), generating an 11% share of total imports. Taiwan (Chinese) (X units), Hong Kong SAR (X units) and Japan (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the industrial robots for multiple uses imports, with a CAGR of +13.4% from 2012 to 2021. At the same time, Hong Kong SAR (+10.3%), Japan (+8.3%), Taiwan (Chinese) (+8.0%) and South Korea (+7.8%) displayed positive paces of growth. From 2012 to 2021, the share of China increased by +7.2 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported industrial robots for multiple uses in Eastern Asia, comprising 77% of total imports. The second position in the ranking was held by South Korea ($X), with a 9.9% share of total imports. It was followed by Taiwan (Chinese), with a 6.3% share.

In China, industrial robot imports expanded at an average annual rate of +7.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (+5.7% per year) and Taiwan (Chinese) (+5.5% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, reducing by -10.4% against the previous year. In general, the import price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2016 an increase of 6.4% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+3.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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