Eastern Asia: Winche And Capstan Market 2024

Winche And Capstan Market Size in Eastern Asia

The East Asian winche and capstan market fell remarkably to $X in 2021, with a decrease of -20.9% against the previous year. The total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Winche And Capstan Production in Eastern Asia

In value terms, winche and capstan production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by 21% against the previous year. The level of production peaked at $X in 2020, and then reduced in the following year.

Winche And Capstan Exports

Exports in Eastern Asia

In 2021, exports of winches and capstans in Eastern Asia skyrocketed to X units, increasing by 24% against the previous year's figure. In general, exports enjoyed a mild expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 160% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, winche and capstan exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, finishing at X units, which was approx. 89% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X units), generating a 6.6% share of total exports. Japan (X units) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to winche and capstan exports from China stood at +1.7%. At the same time, Taiwan (Chinese) (+20.3%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +20.3% from 2012-2021. By contrast, Japan (-7.4%) illustrated a downward trend over the same period. While the share of Taiwan (Chinese) (+5.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Japan (-3.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest winche and capstan supplier in Eastern Asia, comprising 81% of total exports. The second position in the ranking was taken by Japan ($X), with a 6.3% share of total exports.

In China, winche and capstan exports increased at an average annual rate of +2.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (-8.8% per year) and Taiwan (Chinese) (+5.7% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2021, falling by -4.7% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 218%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.2%), while the other leaders experienced a decline in the export price figures.

Winche And Capstan Imports

Imports in Eastern Asia

In 2021, purchases abroad of winches and capstans decreased by -10.2% to X units, falling for the fourth consecutive year after two years of growth. Over the period under review, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of 59% against the previous year. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, winche and capstan imports contracted modestly to $X in 2021. Overall, imports faced a abrupt decline. The pace of growth appeared the most rapid in 2014 when imports increased by 6.1%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X units) and South Korea (X units) were the largest importers of winches and capstans in 2021, finishing at near 48% and 35% of total imports, respectively. It was distantly followed by Taiwan (Chinese) (X units), constituting a 13% share of total imports. China (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Taiwan (Chinese) (with a CAGR of -1.8%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, China ($X) constitutes the largest market for imported winches and capstans in Eastern Asia, comprising 56% of total imports. The second position in the ranking was held by South Korea ($X), with a 21% share of total imports. It was followed by Japan, with a 15% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to -10.0%. In the other countries, the average annual rates were as follows: South Korea (-17.1% per year) and Japan (-4.7% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per unit, rising by 6.4% against the previous year. Over the period under review, the import price, however, showed a perceptible contraction. The pace of growth appeared the most rapid in 2018 when the import price increased by 67% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :