Asia: Globe Market 2022

Globe Market Size in Asia

In 2021, the Asian globe market decreased by -X% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Globe Production in Asia

In value terms, globe production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Globe Exports

Exports in Asia

In 2021, after four years of decline, there was significant growth in overseas shipments of globes, when their volume increased by X% to X tons. The total export volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, globe exports soared to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

India represented the major exporting country with an export of around X tons, which accounted for X% of total exports. China (X tons) held the second position in the ranking, distantly followed by Taiwan (Chinese) (X tons). All these countries together took approx. X% share of total exports.

India was also the fastest-growing in terms of the globes exports, with a CAGR of +X% from 2012 to 2021. Taiwan (Chinese) (-X%) and China (-X%) illustrated a downward trend over the same period. India (+X p.p.) and Taiwan (Chinese) (+X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -X% from 2012 to 2021, respectively.

In value terms, the largest globe supplying countries in Asia were India ($X), China ($X) and Taiwan (Chinese) ($X), together comprising X% of total exports.

India, with a CAGR of +X%, saw 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 leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, which is down by -X% against the previous year. Overall, the export price continues to indicate a mild decline. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the the export prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the other leaders experienced a decline in the export price figures.

Globe Imports

Imports in Asia

Globe imports expanded rapidly to X tons in 2021, surging by X% compared with the previous year. In general, imports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, globe imports reduced to $X in 2021. Overall, imports, however, recorded a deep slump. The growth pace was the most rapid in 2019 with an increase of X%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Japan (X tons) was the largest importer of globes, making up X% of total imports. Malaysia (X tons) held the second position in the ranking, followed by Kazakhstan (X tons), Singapore (X tons) and Israel (X tons). All these countries together took near X% share of total imports. The United Arab Emirates (X tons), China (X tons), South Korea (X tons), Azerbaijan (X tons), Hong Kong SAR (X tons), Bangladesh (X tons), Thailand (X tons) and Bahrain (X tons) took a relatively small share of total imports.

Imports into Japan decreased at an average annual rate of -X% from 2012 to 2021. At the same time, Azerbaijan (+X%), China (+X%), Kazakhstan (+X%), Bahrain (+X%), Singapore (+X%), Israel (+X%) and Malaysia (+X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2012-2021. By contrast, Bangladesh (-X%), South Korea (-X%), the United Arab Emirates (-X%), Thailand (-X%) and Hong Kong SAR (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Kazakhstan, Malaysia, Singapore, Israel, Japan, China and Azerbaijan increased by +X, +X, +X, +X, less than X, less than X and less than X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), China ($X) and Singapore ($X) were the countries with the highest levels of imports in 2021, with a combined X% share of total imports. Israel, Hong Kong SAR, Malaysia, Kazakhstan, South Korea, the United Arab Emirates, Thailand, Azerbaijan, Bangladesh and Bahrain lagged somewhat behind, together comprising a further X the main importing countries, Azerbaijan, with a CAGR of +X%, recorded the highest rates of growth with regard to 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 2021, the import price in Asia amounted to $X per ton, dropping by -X% against the previous year. Import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, globe import price decreased by -X% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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