Eastern Asia: Vehicle Windscreen Wiper Market 2024

Vehicle Windscreen Wiper Market Size in Eastern Asia

In 2021, the East Asian vehicle windscreen wiper market decreased by -3.7% to $X for the first time since 2015, thus ending a five-year rising trend. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Vehicle Windscreen Wiper Production in Eastern Asia

In value terms, vehicle windscreen wiper production shrank slightly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 26% against the previous year. The level of production peaked at $X in 2020, and then declined in the following year.

Vehicle Windscreen Wiper Exports

Exports in Eastern Asia

In 2021, overseas shipments of windscreen wipers, defrosters and demisters for motorcycles or motor vehicles were finally on the rise to reach X units after four years of decline. In general, exports, however, continue to indicate a mild contraction. The growth pace was the most rapid in 2016 when exports increased by 24% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, vehicle windscreen wiper exports amounted to $X in 2021. Overall, exports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 6% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, accounting for X units, which was near 97% of total exports in 2021. Taiwan (Chinese) (X units) took a relatively small share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of windscreen wipers, defrosters and demisters for motorcycles or motor vehicles. Taiwan (Chinese) (-1.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +6.4 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest vehicle windscreen wiper supplier in Eastern Asia, comprising 88% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 3.2% share of total exports.

In China, vehicle windscreen wiper exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2021, stabilizing at the previous year. Over the period under review, the export price, however, continues to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2019 an increase of 14% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.4%).

Vehicle Windscreen Wiper Imports

Imports in Eastern Asia

In 2021, supplies from abroad of windscreen wipers, defrosters and demisters for motorcycles or motor vehicles decreased by -8.8% to X units, falling for the second consecutive year after two years of growth. In general, imports showed a slight downturn. The most prominent rate of growth was recorded in 2015 with an increase of 21% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, vehicle windscreen wiper imports totaled $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 19% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X units), Japan (X units) and China (X units) represented roughly 93% of total imports in 2021. It was distantly followed by South Korea (X units), creating a 5.2% share of total imports. Hong Kong SAR (X units) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +9.4%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, China ($X) constitutes the largest market for imported windscreen wipers, defrosters and demisters for motorcycles or motor vehicles in Eastern Asia, comprising 65% of total imports. The second position in the ranking was held by Japan ($X), with a 19% share of total imports. It was followed by Taiwan (Chinese), with an 8.9% share.

In China, vehicle windscreen wiper imports expanded at an average annual rate of +2.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (-2.5% per year) and Taiwan (Chinese) (+4.0% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per unit, with an increase of 14% against the previous year. Import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vehicle windscreen wiper import price increased by +48.2% against 2016 indices. The pace of growth appeared the most rapid in 2014 when the import price increased by 19%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+13.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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