Asia: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in Asia

In 2022, after four years of growth, there was significant decline in the Asian market for mechanical appliances for projecting, dispersing or spraying, when its value decreased by X% to $X. Over the period under review, consumption recorded a remarkable increase. As a result, consumption reached the peak level of $X, and then declined significantly in the following year.

Production of Mechanical Appliances For Projecting, Dispersing Or Spraying in Asia

In value terms, production of mechanical appliances for projecting, dispersing or spraying expanded notably to $X in 2022 estimated in export price. Over the period under review, production saw prominent growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports in Asia

After six years of growth, overseas shipments of mechanical appliances for projecting, dispersing or spraying decreased by X% to X units in 2022. Over the period under review, exports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The volume of export peaked at X units in 2021, and then shrank in the following year.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying reduced notably to $X in 2022. Overall, exports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then reduced rapidly in the following year.

Exports by Country

In 2022, China (X units) represented the largest exporter of mechanical appliances for projecting, dispersing or spraying in Asia, achieving X% of total export.

China was also the fastest-growing in terms of the mechanical appliances for projecting, dispersing or spraying exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest mechanical appliances for projecting, dispersing or spraying supplier in Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, leveling off at the previous year. In general, the export price recorded a perceptible downturn. The pace of growth appeared the most rapid in 2015 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports in Asia

In 2022, imports of mechanical appliances for projecting, dispersing or spraying in Asia skyrocketed to X units, growing by X% against the year before. Over the period under review, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying fell to $X in 2022. The total import 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 2017 with an increase of X% against the previous year. Over the period under review, imports of reached the maximum at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, the United Arab Emirates (X units) was the major importer of mechanical appliances for projecting, dispersing or spraying, comprising X% of total imports. Malaysia (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (X%), Vietnam (X%), Taiwan (Chinese) (X%), Japan (X%), India (X%), Turkey (X%) and South Korea (X%).

From 2012 to 2022, average annual rates of growth with regard to mechanical appliances for projecting, dispersing or spraying imports into the United Arab Emirates stood at X%. At the same time, India (X%), Vietnam (X%), Turkey (X%), South Korea (X%), Japan (X%), Thailand (X%), Taiwan (Chinese) (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of the United Arab Emirates, India, Vietnam, Turkey, Japan, South Korea and Thailand increased by X, X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest mechanical appliances for projecting, dispersing or spraying importing markets in Asia were Vietnam ($X), India ($X) and Turkey ($X), with a combined X% share 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, falling by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2020 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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