Eastern Asia: Mechanical Stoker Market 2024

Mechanical Stoker Market Size in Eastern Asia

In 2022, after two years of growth, there was decline in the East Asian mechanical stoker market, when its value decreased by -1.6% to $X. In general, consumption, however, posted a resilient increase. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Mechanical Stoker Production in Eastern Asia

In value terms, mechanical stoker production rose modestly to $X in 2022 estimated in export price. In general, production recorded a notable expansion. The pace of growth was the most pronounced in 2016 with an increase of 135%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Mechanical Stoker Exports

Exports in Eastern Asia

After two years of decline, overseas shipments of mechanical stokers increased by 23% to X tons in 2022. Overall, exports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2017 when exports increased by 39% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, mechanical stoker exports soared to $X in 2022. In general, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the major exporting country with an export of about X tons, which recorded 81% of total exports. It was distantly followed by South Korea (X tons), creating an 18% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to mechanical stoker exports from China stood at -7.9%. At the same time, South Korea (+33.7%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +33.7% from 2012-2022. From 2012 to 2022, the share of South Korea increased by +18 percentage points.

In value terms, the largest mechanical stoker supplying countries in Eastern Asia were South Korea ($X) and China ($X).

Among the main exporting countries, South Korea, with a CAGR of +50.8%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, picking up by 206% against the previous year. Over the period under review, the export price recorded a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+12.8%).

Mechanical Stoker Imports

Imports in Eastern Asia

Mechanical stoker imports shrank rapidly to X tons in 2022, waning by -32.6% against 2021. In general, imports recorded a mild shrinkage. The growth pace was the most rapid in 2014 when imports increased by 276% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, mechanical stoker imports declined to $X in 2022. Over the period under review, imports continue to indicate a mild descent. The pace of growth was the most pronounced in 2018 when imports increased by 395%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China was the largest importing country with an import of about X tons, which finished at 69% of total imports. Japan (X tons) took an 18% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (10%). Democratic People's Republic of Korea (X tons) held a little share of total imports.

China was also the fastest-growing in terms of the mechanical stokers imports, with a CAGR of +2.5% from 2012 to 2022. Japan (-3.3%), Democratic People's Republic of Korea (-4.6%) and Taiwan (Chinese) (-10.4%) illustrated a downward trend over the same period. China (+22 p.p.) significantly strengthened its position in terms of the total imports, while Japan and Taiwan (Chinese) saw its share reduced by -3.9% and -16.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported mechanical stokers in Eastern Asia, comprising 83% of total imports. The second position in the ranking was taken by Japan ($X), with an 11% share of total imports. It was followed by Taiwan (Chinese), with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+0.1% per year) and Taiwan (Chinese) (-6.8% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, increasing by 33% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the import price increased by 53%. Over the period under review, import prices reached the maximum at $X per ton in 2020; however, from 2021 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 China ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :