Eastern Asia: Loading Machinery Market 2024

Loading Machinery Market Size in Eastern Asia

The East Asian loading machinery market declined modestly to $X in 2022, remaining stable against the previous year. In general, consumption recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 9.8% against the previous year. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Loading Machinery Production in Eastern Asia

In value terms, loading machinery production dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 8.5%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Loading Machinery Exports

Exports in Eastern Asia

In 2022, the amount of lifting, handling, loading or unloading machinery exported in Eastern Asia rose remarkably to X units, picking up by 8% against the year before. Over the period under review, exports posted a strong expansion. The growth pace was the most rapid in 2018 when exports increased by 51%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, loading machinery exports declined slightly to $X in 2022. Total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 +6.8% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 31% against the previous year. The level of export peaked at $X in 2021, and then reduced in the following year.

Exports by Country

China dominates exports structure, recording X units, which was approx. 81% of total exports in 2022. South Korea (X units) took the second position in the ranking, followed by Japan (X units). All these countries together took near 16% share of total exports. Taiwan (Chinese) (X units) held a minor share of total exports.

China was also the fastest-growing in terms of the lifting, handling, loading or unloading machinery exports, with a CAGR of +16.4% from 2012 to 2022. At the same time, South Korea (+5.1%) and Taiwan (Chinese) (+2.2%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. While the share of China (+28 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Taiwan (Chinese) (-3 p.p.), South Korea (-7.7 p.p.) and Japan (-15.4 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest loading machinery supplier in Eastern Asia, comprising 58% of total exports. The second position in the ranking was held by South Korea ($X), with a 21% share of total exports. It was followed by Japan, with a 15% share.

In China, loading machinery exports expanded at an average annual rate of +11.0% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+12.2% per year) and Japan (-4.6% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, shrinking by -11.4% against the previous year. Over the period under review, the export price saw a pronounced downturn. The most prominent rate of growth was recorded in 2021 when the export price increased by 6.9% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.8%), while the other leaders experienced mixed trends in the export price figures.

Loading Machinery Imports

Imports in Eastern Asia

In 2022, approx. X units of lifting, handling, loading or unloading machinery were imported in Eastern Asia; rising by 33% on 2021. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 36%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, loading machinery imports declined to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 28% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China was the largest importing country with an import of about X units, which amounted to 63% of total imports. Japan (X units) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (9.2%), Taiwan (Chinese) (7.6%) and Hong Kong SAR (6.8%). Macao SAR (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to loading machinery imports into China stood at -1.3%. At the same time, Macao SAR (+15.5%), Taiwan (Chinese) (+13.7%), Japan (+8.4%) and Hong Kong SAR (+4.6%) displayed positive paces of growth. Moreover, Macao SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +15.5% from 2012-2022. By contrast, South Korea (-4.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Japan, Taiwan (Chinese) and Hong Kong SAR increased by +6.2, +5.4 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported lifting, handling, loading or unloading machinery in Eastern Asia, comprising 57% of total imports. The second position in the ranking was held by South Korea ($X), with a 14% share of total imports. It was followed by Japan, with a 13% share.

In China, loading machinery imports decreased by an average annual rate of -1.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-2.7% per year) and Japan (+8.4% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, dropping by -36% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by 68% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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