Overview of the Global Market for Spray Guns And Similar Appliances

Market Size for Spray Guns And Similar Appliances

The global market for spray guns and similar appliances dropped to $X in 2022, which is down by -6.2% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the global market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Spray Guns And Similar Appliances

In value terms, spray guns and similar appliances production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 25% against the previous year. Over the period under review, global production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Spray Guns And Similar Appliances

Exports

After six years of growth, shipments abroad of spray guns and similar appliances decreased by -0.3% to X units in 2022. Over the period under review, exports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 29% against the previous year. Over the period under review, the global exports reached the peak figure at X units in 2021, and then fell slightly in the following year.

In value terms, spray guns and similar appliances exports shrank to $X in 2022. The total export value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 24% against the previous year. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

China prevails in exports structure, finishing at X units, which was approx. 66% of total exports in 2022. Italy (X units) ranks second in terms of the total exports with a 6.2% share, followed by the Netherlands (4.8%). Taiwan (Chinese) (X units), Germany (X units), the United States (X units), the UK (X units) and Belgium (X units) held a little 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%), Belgium (+6.4%) and Italy (+4.1%) displayed positive paces of growth. By contrast, the Netherlands (-2.8%), the UK (-3.9%), Germany (-4.0%) and the United States (-9.1%) illustrated a downward trend over the same period. While the share of China (+50 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Italy (-3.3 p.p.), the UK (-4.7 p.p.), Germany (-8.4 p.p.), the Netherlands (-9.9 p.p.) and the United States (-11.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest spray guns and similar appliances supplier worldwide, comprising 35% of global exports. The second position in the ranking was held by the United States ($X), with a 15% share of global exports. It was followed by Germany, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +8.0%. In the other countries, the average annual rates were as follows: the United States (-0.9% per year) and Germany (-3.1% per year).

Export Prices by Country

The average export price for spray guns and similar appliances stood at $X per unit in 2022, dropping by -5.8% against the previous year. In general, the export price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2013 an increase of 6.7% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average 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 (+8.9%), while the other global leaders experienced more modest paces of growth.

Imports of Spray Guns And Similar Appliances

Imports

In 2022, overseas purchases of spray guns and similar appliances decreased by -11.3% to X units for the first time since 2015, thus ending a six-year rising trend. Overall, total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.2% against 2015 indices. The pace of growth was the most pronounced in 2020 with an increase of 33%. Global imports peaked at X units in 2021, and then reduced in the following year.

In value terms, spray guns and similar appliances imports fell to $X in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 15%. Over the period under review, global imports attained the peak figure at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, the United States (X units) was the key importer of spray guns and similar appliances, generating 29% of total imports. It was distantly followed by Germany (X units), achieving a 4.6% share of total imports. The Netherlands (X units), the UK (X units), Italy (X units), Russia (X units), Turkey (X units), France (X units), Indonesia (X units), Canada (X units), Vietnam (X units), Spain (X units) and Belgium (X units) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of +13.1% from 2012 to 2022. At the same time, Indonesia (+18.2%), Turkey (+13.7%), Italy (+6.6%), Belgium (+6.3%), Vietnam (+5.8%), Spain (+5.8%), the Netherlands (+5.3%), the UK (+2.1%), Germany (+2.1%) and France (+1.1%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in the world, with a CAGR of +18.2% from 2012-2022. Canada and Russia experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United States, Indonesia and Turkey increased by +16, +1.9 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported spray guns and similar appliances worldwide, comprising 18% of global imports. The second position in the ranking was taken by Germany ($X), with a 5.7% share of global imports. It was followed by Italy, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to +3.2%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+2.1% per year) and Italy (+4.6% per year).

Import Prices by Country

In 2022, the average import price for spray guns and similar appliances amounted to $X per unit, declining by -3.5% against the previous year. In general, the import price showed a mild reduction. The most prominent rate of growth was recorded in 2014 an increase of 4.6%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained 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 Canada ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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