Asia: Market for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals 2024

Market Size for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in Asia

The Asian market for fully or partly automatic electric machines for arc welding of metals contracted slightly to $X.2B in 2022, waning by X% against the previous year. In general, consumption continues to indicate a deep setback. The pace of growth was the most pronounced in 2021 when the market value increased by X% against the previous year. Over the period under review, the market attained the peak level at $X.1B in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in Asia

In value terms, production of fully or partly automatic electric machines for arc welding of metals dropped to $X.4B in 2022 estimated in export price. Over the period under review, production saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Over the period under review, production of attained the maximum level at $X.8B in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Exports in Asia

In 2022, shipments abroad of fully or partly automatic electric machines for arc welding of metals decreased by X% to X units for the first time since 2015, thus ending a six-year rising trend. In general, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports of reached the peak figure at X units in 2021, and then shrank notably in the following year.

In value terms, exports of fully or partly automatic electric machines for arc welding of metals declined remarkably to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports of attained the peak figure at $X in 2021, and then fell rapidly in the following year.

Exports by Country

China prevails in metals structure, resulting at X units, which was approx. X% of total exports in 2022. Japan (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the fully or partly automatic electric machines for arc welding of metals exports, with a CAGR of X% from 2012 to 2022. Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points.

In value terms, China ($X) and Japan ($X) appeared to be the countries with the highest levels of exports in 2022.

Among the main exporting countries, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, which is down by X% against the previous year. In general, the export price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2015 an increase of X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%).

Imports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Imports in Asia

Imports of fully or partly automatic electric machines for arc welding of metals fell to X units in 2022, dropping by X% on the previous year's figure. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X units, and then contracted in the following year.

In value terms, imports of fully or partly automatic electric machines for arc welding of metals fell to $X in 2022. Over the period under review, imports saw a noticeable reduction. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

India was the main importing country with an import of about X units, which reached X% of total imports. Malaysia (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (X%), Thailand (X%) and Indonesia (X%). The following importers - Taiwan (Chinese) (X units), Turkey (X units), Cambodia (X units), the United Arab Emirates (X units), Vietnam (X units), the Philippines (X units), Japan (X units) and China (X units) - together made up X% of total imports.

India was also the fastest-growing in terms of the fully or partly automatic electric machines for arc welding of metals imports, with a CAGR of X% from 2012 to 2022. At the same time, Cambodia (X%), Vietnam (X%), Indonesia (X%), Singapore (X%), Taiwan (Chinese) (X%), Turkey (X%) and the Philippines (X%) displayed positive paces of growth. Malaysia and China experienced a relatively flat trend pattern. By contrast, Thailand (X%), Japan (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of India (X p.p.), Cambodia (X p.p.), Vietnam (X p.p.) and Singapore (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (X p.p.), Thailand (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fully or partly automatic arc welding machine importing markets in Asia were China ($X), Vietnam ($X) and India ($X), together comprising X% of total imports.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries 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, therefore, remained relatively stable against the previous year. In general, the import price showed a perceptible decrease. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Cambodia ($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 Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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