Eastern Asia: Unit Construction Machine Market 2024

Unit Construction Machine Market Size in Eastern Asia

The East Asian unit construction machine market fell sharply to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Unit Construction Machine Production in Eastern Asia

In value terms, unit construction machine production dropped remarkably to $X in 2022 estimated in export price. Overall, production recorded a noticeable decline. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Unit Construction Machine Exports

Exports in Eastern Asia

In 2022, approx. X units of unit construction machines for working metal were exported in Eastern Asia; surging by X% on 2021 figures. Over the period under review, exports showed mild growth. The growth pace was the most rapid in 2019 with an increase of X%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, unit construction machine exports skyrocketed to $X in 2022. In general, exports, however, recorded a abrupt downturn. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China represented the main exporter of unit construction machines for working metal in Eastern Asia, with the volume of exports accounting for X units, which was approx. X% of total exports in 2022. It was distantly followed by South Korea (X units), mixing up an X% share of total exports. The following exporters - Taiwan (Chinese) (X units), Japan (X units) and Hong Kong SAR (X units) - each resulted at a X% share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Taiwan (Chinese) (X%), Hong Kong SAR (X%) and Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea increased by X percentage points.

In value terms, the largest unit construction machine supplying countries in Eastern Asia were Taiwan (Chinese) ($X), China ($X) and South Korea ($X), together comprising X% of total exports.

Among the main exporting countries, South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, waning by X% against the previous year. Overall, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 an increase of X%. 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.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 Taiwan (Chinese) (X%), while the other leaders experienced mixed trends in the export price figures.

Unit Construction Machine Imports

Imports in Eastern Asia

In 2022, imports of unit construction machines for working metal in Eastern Asia surged to X units, increasing by X% on the previous year's figure. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, unit construction machine imports dropped notably to $X in 2022. Overall, imports, however, recorded a deep setback. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

South Korea represented the main importing country with an import of about X units, which accounted for X% of total imports. Japan (X units) ranks second in terms of the total imports with a X% share, followed by China (X%) and Hong Kong SAR (X%).

South Korea was also the fastest-growing in terms of the unit construction machines for working metal imports, with a CAGR of X% from 2012 to 2022. At the same time, Japan (X%) displayed positive paces of growth. By contrast, China (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. South Korea (X p.p.) and Japan (X p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR and China saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, China ($X) constitutes the largest market for imported unit construction machines for working metal in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by South Korea, with an X% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, waning by X% against the previous year. Over the period under review, the import price recorded a deep downturn. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit, and then dropped significantly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Hong Kong SAR ($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 (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :