Asia: Non-Domestic Dryer Market 2024

Non-Domestic Dryer Market Size in Asia

The Asian non-domestic dryer market reached $X in 2022, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the near future.

Non-Domestic Dryer Production in Asia

In value terms, non-domestic dryer production contracted slightly to $X.3B in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, production hit record highs at $X.4B in 2019; however, from 2020 to 2022, production failed to regain momentum.

Non-Domestic Dryer Exports

Exports in Asia

In 2022, overseas shipments of non-domestic dryers increased by X% to X units, rising for the sixth consecutive year after two years of decline. Overall, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, non-domestic dryer exports rose remarkably to $X in 2022. Total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

The biggest shipments were from China (X units), together reaching X% of total export.

China was also the fastest-growing in terms of the non-domestic dryers exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of China increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest non-domestic dryer supplier in Asia.

In China, non-domestic dryer exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the export price showed a abrupt setback. The growth pace was the most rapid in 2016 when the export price increased by X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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.

Non-Domestic Dryer Imports

Imports in Asia

In 2022, the amount of non-domestic dryers imported in Asia expanded markedly to X units, rising by X% against the previous year. Total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2012 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, non-domestic dryer imports contracted modestly to $X in 2022. In general, imports, however, continue to indicate a mild downturn. The pace of growth appeared the most rapid in 2018 when imports increased by X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X units), distantly followed by China (X units), Indonesia (X units) and the Philippines (X units) were the key importers of non-domestic dryers, together comprising X% of total imports. Turkey (X units), Vietnam (X units), Malaysia (X units), Kuwait (X units), Thailand (X units), Hong Kong SAR (X units), the United Arab Emirates (X units), Japan (X units) and Taiwan (Chinese) (X units) held a little share of total imports.

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

In value terms, the largest non-domestic dryer importing markets in Asia were China ($X), India ($X) and Vietnam ($X), together accounting for X% of total imports. Indonesia, Turkey, Japan, Taiwan (Chinese), Thailand, the Philippines, Malaysia, the United Arab Emirates, Kuwait and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

Kuwait, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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. In general, the import price saw a deep slump. The pace of growth was the most pronounced in 2018 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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