Asia: Hydraulic Press Market 2024

Hydraulic Press Market Size in Asia

The Asian hydraulic press market surged to $X in 2022, picking up by X% against the previous year. Overall, consumption continues to indicate a strong increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Hydraulic Press Production in Asia

In value terms, hydraulic press production contracted to $X in 2022 estimated in export price. In general, production posted a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Hydraulic Press Exports

Exports in Asia

In 2022, the amount of hydraulic presses for working metal exported in Asia contracted sharply to X units, which is down by X% compared with the year before. In general, exports faced a abrupt contraction. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, hydraulic press exports contracted notably to $X in 2022. Over the period under review, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

India represented the key exporter of hydraulic presses for working metal in Asia, with the volume of exports reaching X units, which was near X% of total exports in 2022. Japan (X units) took the second position in the ranking, followed by Taiwan (Chinese) (X units), Singapore (X units) and Turkey (X units). All these countries together took approx. X% share of total exports. South Korea (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to hydraulic press exports from India stood at X%. At the same time, Singapore (X%), Turkey (X%), Taiwan (Chinese) (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India, Taiwan (Chinese), Singapore, Turkey and South Korea increased by X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest hydraulic press supplying countries in Asia were South Korea ($X), Japan ($X) and Turkey ($X), together comprising X% of total exports. Taiwan (Chinese), Singapore and India lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Singapore, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the export price saw a tangible expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

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

Hydraulic Press Imports

Imports in Asia

In 2022, the amount of hydraulic presses for working metal imported in Asia fell sharply to X units, shrinking by X% on the previous year's figure. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then shrank sharply in the following year.

In value terms, hydraulic press imports declined rapidly to $X in 2022. Over the period under review, imports showed a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Japan (X units), distantly followed by Singapore (X units), India (X units), the Philippines (X units), Malaysia (X units), Indonesia (X units) and the United Arab Emirates (X units) were the key importers of hydraulic presses for working metal, together achieving X% of total imports. South Korea (X units), Israel (X units), Vietnam (X units), Turkey (X units), Nepal (X units) and Kazakhstan (X units) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hydraulic press importing markets in Asia were India ($X), Vietnam ($X) and Turkey ($X), together comprising X% of total imports.

Among the main importing countries, Vietnam, with a CAGR of X%, saw 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 2022, the import price in Asia amounted to $X per unit, approximately reflecting the previous year. Overall, the import price, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Vietnam ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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