Eastern Asia: Ironing Machine Market 2022

Ironing Machine Market Size in Eastern Asia

The East Asian ironing machine market dropped sharply to $X in 2021, declining by -X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, and then contracted sharply in the following year.

Ironing Machine Production in Eastern Asia

In value terms, ironing machine production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X, and then shrank in the following year.

Ironing Machine Exports

Exports in Eastern Asia

In 2021, ironing machine exports in Eastern Asia stood at X units, surging by X% on the year before. In general, exports, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, ironing machine exports contracted to $X in 2021. The total export value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020, and then declined in the following year.

Exports by Country

In 2021, China (X units) represented the largest exporter of ironing machines and presses, generating X% of total exports. It was distantly followed by Japan (X units), South Korea (X units) and Taiwan (Chinese) (X units), together generating a X% share of total exports.

China was also the fastest-growing in terms of the ironing machines and presses exports, with a CAGR of +X% from 2012 to 2021. Taiwan (Chinese) (-X%), South Korea (-X%) and Japan (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +X percentage points. South Korea (-X p.p.) and Japan (-X p.p.) saw their shares reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-X% per year) and South Korea (-X% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, reducing by -X% against the previous year. Export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ironing machine export price increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, the export price attained the peak level of $X per unit, and then dropped in the following year.

Prices varied noticeably country of origin: the country with the highest price was China ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+X%), while the other leaders experienced more modest paces of growth.

Ironing Machine Imports

Imports in Eastern Asia

In 2021, approx. X units of ironing machines and presses were imported in Eastern Asia; dropping by -X% compared with the previous year's figure. In general, imports saw a slight slump. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, ironing machine imports contracted notably to $X in 2021. Overall, imports saw a abrupt slump. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

South Korea (X units) and Japan (X units) represented roughly X% of total imports in 2021. It was distantly followed by Taiwan (Chinese) (X units), comprising a X% share of total imports.

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

In value terms, South Korea ($X) constitutes the largest market for imported ironing machines and presses in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with an X% share of total imports.

In South Korea, ironing machine imports expanded at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (-X% per year) and Taiwan (Chinese) (-X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, shrinking by -X% against the previous year. Over the period under review, the import price continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2014 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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