Eastern Asia: Pile-Driver Market 2024

Pile-Driver Market Size in Eastern Asia

For the sixth consecutive year, the East Asian pile-driver market recorded decline in sales value, which decreased by -2.9% to $X in 2021. Over the period under review, consumption, however, recorded a noticeable decrease. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Pile-Driver Production in Eastern Asia

In value terms, pile-driver production expanded slightly to $X in 2021 estimated in export price. Overall, production, however, saw a pronounced descent. The pace of growth was the most pronounced in 2015 with an increase of 6.6% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Pile-Driver Exports

Exports in Eastern Asia

In 2021, overseas shipments of pile-drivers and pile-extractors increased by 25% to X units, rising for the sixth year in a row after two years of decline. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by 86%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, pile-driver exports expanded rapidly to $X in 2021. The total export value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when exports increased by 22%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Japan (X units) and China (X units) represented roughly 85% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X units), generating a 14% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Taiwan (Chinese) (with a CAGR of +37.1%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest pile-driver supplier in Eastern Asia, comprising 58% of total exports. The second position in the ranking was taken by Japan ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +1.7%. In the other countries, the average annual rates were as follows: Japan (-0.5% per year) and Taiwan (Chinese) (+23.8% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, which is down by -10.6% against the previous year. Over the period under review, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2015 an increase of 25% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-9.7%), while the other leaders experienced a decline in the export price figures.

Pile-Driver Imports

Imports in Eastern Asia

In 2021, pile-driver imports in Eastern Asia soared to X units, growing by 17% against the previous year. In general, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 123%. The volume of import peaked in 2021 and is likely to see steady growth in years to come.

In value terms, pile-driver imports declined notably to $X in 2021. Total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +14.4% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 79% against the previous year. Over the period under review, imports reached the maximum at $X in 2020, and then dropped dramatically in the following year.

Imports by Country

South Korea prevails in imports structure, accounting for X units, which was near 97% of total imports in 2021. Japan (X units) followed a long way behind the leaders.

South Korea was also the fastest-growing in terms of the pile-drivers and pile-extractors imports, with a CAGR of +16.5% from 2012 to 2021. Japan (-9.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of South Korea increased by +13 percentage points.

In value terms, South Korea ($X) constitutes the largest market for imported pile-drivers and pile-extractors in Eastern Asia, comprising 39% of total imports. The second position in the ranking was taken by Japan ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual growth rate of value in South Korea totaled +11.3%.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per unit, waning by -33.4% against the previous year. In general, the import price recorded a deep slump. The pace of growth appeared the most rapid in 2018 an increase of 100%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per unit), while South Korea stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+27.8%).

Source: IndexBox Platform

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