Overview of the Global Market for Mechanical Appliances For Projecting, Dispersing Or Spraying

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying

The global market for mechanical appliances for projecting, dispersing or spraying was estimated at $X in 2022, approximately reflecting the previous year. Overall, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +53.6% against 2015 indices. Over the period under review, the global market attained the peak level in 2022 and is likely to see steady growth in the near future.

Production of Mechanical Appliances For Projecting, Dispersing Or Spraying

In value terms, production of mechanical appliances for projecting, dispersing or spraying fell to $X in 2022 estimated in export price. Overall, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.1% 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 -5.6% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 17% against the previous year. Global production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports

In 2022, after ten years of growth, there was significant decline in overseas shipments of mechanical appliances for projecting, dispersing or spraying, when their volume decreased by -13.1% to X units. In general, exports, however, showed strong growth. The growth pace was the most rapid in 2017 when exports increased by 26%. The global exports peaked at X units in 2021, and then fell in the following year.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying declined to $X in 2022. Over the period under review, total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +45.9% against 2016 indices. The growth pace was the most rapid in 2021 when exports increased by 18%. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

In 2022, China (X units) was the largest exporter of mechanical appliances for projecting, dispersing or spraying, constituting 55% of total exports. It was distantly followed by Germany (X units) and Italy (X units), together creating a 19% share of total exports. The United States (X units), South Korea (X units), Turkey (X units) and Thailand (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the mechanical appliances for projecting, dispersing or spraying exports, with a CAGR of +22.5% from 2012 to 2022. At the same time, Thailand (+22.3%), Turkey (+13.9%), South Korea (+9.9%), Italy (+6.7%) and Germany (+2.8%) displayed positive paces of growth. By contrast, the United States (-2.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +37 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and the United States ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 58% share of global exports. Italy, South Korea, Turkey and Thailand lagged somewhat behind, together comprising a further 12%.

Turkey, with a CAGR of +15.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for mechanical appliances for projecting, dispersing or spraying amounted to $X per unit, with an increase of 5.7% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible slump. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 the United States ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.4%), while the other global leaders experienced more modest paces of growth.

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports

In 2022, overseas purchases of mechanical appliances for projecting, dispersing or spraying decreased by -8.6% to X units for the first time since 2016, thus ending a five-year rising trend. The total import volume increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 13%. Global imports peaked at X units in 2021, and then declined in the following year.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying dropped to $X in 2022. The total import value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 13% against the previous year. Global imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, the United States (X units), distantly followed by Germany (X units) and China (X units) represented the key importers of mechanical appliances for projecting, dispersing or spraying, together achieving 30% of total imports. Japan (X units), France (X units), the UK (X units), Indonesia (X units), Mexico (X units), Russia (X units), Vietnam (X units), Canada (X units), Brazil (X units) and Austria (X units) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of +8.3% from 2012 to 2022. At the same time, Vietnam (+22.4%), Japan (+10.3%), Austria (+7.2%), Indonesia (+7.2%), France (+4.1%), Canada (+4.0%), the UK (+3.9%), Mexico (+3.6%) and Germany (+2.1%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in the world, with a CAGR of +22.4% from 2012-2022. Russia experienced a relatively flat trend pattern. By contrast, Brazil (-1.8%) and China (-6.1%) illustrated a downward trend over the same period. While the share of the United States (+6.1 p.p.), Japan (+2 p.p.) and Vietnam (+1.9 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Brazil (-1.5 p.p.) and China (-9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), China ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 31% of global imports. Mexico, Canada, Vietnam, France, Japan, the UK, Russia, Brazil, Austria and Indonesia lagged somewhat behind, together comprising a further 26%.

Among the main importing countries, Vietnam, with a CAGR of +19.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for mechanical appliances for projecting, dispersing or spraying stood at $X per unit in 2022, increasing by 1.8% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 4% against the previous year. Global import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat 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 ($X per unit), while Indonesia ($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 (+4.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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