Eastern Asia: Market for Spray Guns And Similar Appliances 2024

Market Size for Spray Guns And Similar Appliances in Eastern Asia

The East Asian market for spray guns and similar appliances fell to $X in 2022, with a decrease of -3.2% against the previous year. Overall, consumption showed a perceptible downturn. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Spray Guns And Similar Appliances in Eastern Asia

In value terms, spray guns and similar appliances production declined modestly to $X in 2022 estimated in export price. The total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.3% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 48% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Spray Guns And Similar Appliances

Exports in Eastern Asia

For the seventh year in a row, Eastern Asia recorded growth in shipments abroad of spray guns and similar appliances, which increased by 3.3% to X units in 2022. Overall, exports saw a prominent increase. The pace of growth appeared the most rapid in 2018 when exports increased by 64%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, spray guns and similar appliances exports declined to $X in 2022. Total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +77.8% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of 42%. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

China dominates exports structure, reaching X units, which was approx. 94% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X units), achieving a 5% share of total exports.

China was also the fastest-growing in terms of the spray guns and similar appliances exports, with a CAGR of +25.2% from 2012 to 2022. At the same time, Taiwan (Chinese) (+9.3%) displayed positive paces of growth. From 2012 to 2022, the share of China increased by +37 percentage points.

In value terms, China ($X) remains the largest spray guns and similar appliances supplier in Eastern Asia, comprising 85% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 7.4% share of total exports.

In China, spray guns and similar appliances exports increased at an average annual rate of +8.0% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, which is down by -8.9% against the previous year. Over the period under review, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when the export price increased by 11% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a 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 amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-2.1%).

Imports of Spray Guns And Similar Appliances

Imports in Eastern Asia

In 2022, supplies from abroad of spray guns and similar appliances decreased by -1.7% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 18% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, spray guns and similar appliances imports dropped to $X in 2022. Over the period under review, imports recorded a perceptible slump. The growth pace was the most rapid in 2021 with an increase of 18%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X units), Japan (X units) and China (X units) represented roughly 84% of total imports in 2022. Taiwan (Chinese) (X units) ranks next in terms of the total imports with a 10% share, followed by Hong Kong SAR (5.7%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Taiwan (Chinese) (with a CAGR of +6.5%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, China ($X) constitutes the largest market for imported spray guns and similar appliances in Eastern Asia, comprising 55% of total imports. The second position in the ranking was held by South Korea ($X), with a 22% share of total imports. It was followed by Japan, with a 15% share.

In China, spray guns and similar appliances imports plunged by an average annual rate of -2.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (-1.0% per year) and Japan (-9.0% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, with a decrease of -9.9% against the previous year. Import price indicated a strong increase from 2012 to 2022: its price 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, spray guns and similar appliances import price decreased by +0.7% against 2020 indices. The growth pace was the most rapid in 2014 an increase of 42% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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