Asia: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Asia

In 2022, the Asian market for turbo, rotary and reciporating displacement compressors was finally on the rise to reach $X after two years of decline. In general, consumption, however, continues to indicate a mild reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Turbo, Rotary and Reciporating Displacement Compressors in Asia

In value terms, production of turbo, rotary and reciporating displacement compressors totaled $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports in Asia

In 2022, after five years of growth, there was significant decline in shipments abroad of turbo, rotary and reciporating displacement compressors, when their volume decreased by X% to X units. Overall, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports of reached the maximum at X units in 2021, and then reduced in the following year.

In value terms, exports of turbo, rotary and reciporating displacement compressors stood at $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

China dominates compressors structure, resulting at X units, which was near X% of total exports in 2022. It was distantly followed by Hong Kong SAR (X units), creating an X% share of total exports. India (X units), Taiwan (Chinese) (X units) and Thailand (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to turbo, rotary and reciporating displacement compressor exports from China stood at X%. At the same time, India (X%), Thailand (X%), Hong Kong SAR (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. While the share of China (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest turbo, rotary and reciporating displacement compressor supplier in Asia, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%. In the other countries, the average annual rates were as follows: India (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, with an increase of X% against the previous year. In general, the export price, however, saw a slight curtailment. The pace of growth appeared the most rapid in 2015 when the export price increased by X%. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

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

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports in Asia

In 2022, the amount of turbo, rotary and reciporating displacement compressors imported in Asia amounted to X units, picking up by X% compared with 2021 figures. Overall, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, imports of turbo, rotary and reciporating displacement compressors amounted to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

The purchases of the four major importers of turbo, rotary and reciporating displacement compressors, namely Hong Kong SAR, Thailand, India and China, represented more than two-thirds of total import. It was distantly followed by Malaysia (X units), making up a X% share of total imports. Japan (X units) and Taiwan (Chinese) (X units) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest turbo, rotary and reciporating displacement compressor importing markets in Asia were China ($X), Thailand ($X) and India ($X), with a combined X% share of total imports.

In terms of the main importing countries, Thailand, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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