Asia: Fuel Filter Market 2024

Fuel Filter Market Size in Asia

In 2022, the Asian fuel filter market decreased by X% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Fuel Filter Production in Asia

In value terms, fuel filter production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a deep setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Fuel Filter Exports

Exports in Asia

In 2022, overseas shipments of oil or petrol-filters for internal combustion engines increased by X% to X units, rising for the second consecutive year after two years of decline. Total exports indicated a remarkable 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, fuel filter exports amounted to $X in 2022. Total exports indicated a perceptible increase 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 growth pace was the most rapid in 2021 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

China dominates exports structure, resulting at X units, which was approx. X% of total exports in 2022. It was distantly followed by Turkey (X units) and India (X units), together making up a X% share of total exports. The following exporters - South Korea (X units), Thailand (X units), Japan (X units) and Indonesia (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to fuel filter exports from China stood at X%. At the same time, Turkey (X%), India (X%), Thailand (X%), South Korea (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Turkey 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. While the share of China (X p.p.), Turkey (X p.p.) and India (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest fuel filter supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by Turkey, with an X% share.

In China, fuel filter exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and Turkey (X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

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

Fuel Filter Imports

Imports in Asia

In 2022, imports of oil or petrol-filters for internal combustion engines in Asia dropped modestly to X units, falling by X% compared with 2021 figures. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X units, and then reduced in the following year.

In value terms, fuel filter imports stood at $X in 2022. The total import 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 in certain years. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

In 2022, China (X units), followed by the United Arab Emirates (X units), Iraq (X units), Turkey (X units), Thailand (X units), India (X units) and Japan (X units) represented the main importers of oil or petrol-filters for internal combustion engines, together generating X% of total imports. The following importers - Singapore (X units), Malaysia (X units), Taiwan (Chinese) (X units), South Korea (X units), Indonesia (X units) and the Philippines (X units) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), China ($X) and Japan ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Singapore, the United Arab Emirates, India, Indonesia, South Korea, Thailand, Iraq, the Philippines, Taiwan (Chinese) and Malaysia lagged somewhat behind, together comprising a further X%.

The Philippines, with a CAGR of X%, recorded 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

The import price in Asia stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices remained at a somewhat lower figure.

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 Indonesia ($X per unit), while Iraq ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :