Asia-Pacific: Bumper Market 2024

Bumper Market Size in Asia-Pacific

The Asia-Pacific bumper market amounted to $X in 2022, remaining relatively unchanged against the previous year. In general, consumption showed a slight slump. The most prominent rate of growth was recorded in 2016 when the market value increased by X%. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Bumper Production in Asia-Pacific

In value terms, bumper production reached $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Bumper Exports

Exports in Asia-Pacific

In 2022, shipments abroad of bumpers increased by X% to X tons, rising for the second year in a row after three years of decline. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, bumper exports rose rapidly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

In 2022, China (X tons) was the largest exporter of bumpers, constituting X% of total exports. Taiwan (Chinese) (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (X%), India (X%), Japan (X%) and Malaysia (X%). South Korea (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to bumper exports from China stood at X%. At the same time, Malaysia (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, South Korea (X%), Japan (X%) and India (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), Thailand (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Korea (X p.p.), Taiwan (Chinese) (X p.p.), Japan (X p.p.) and India (X p.p.) displayed negative dynamics.

In value terms, China ($X), Japan ($X) and Taiwan (Chinese) ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports. Malaysia, Thailand, India and South Korea lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the export price in Asia-Pacific amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2019 when the export price increased by X%. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, 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.

Bumper Imports

Imports in Asia-Pacific

In 2022, overseas purchases of bumpers increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, bumper imports amounted to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Malaysia (X tons) and China (X tons) represented roughly X% of total imports in 2022. Japan (X tons) took the next position in the ranking, followed by Australia (X tons), Thailand (X tons), South Korea (X tons), Myanmar (X tons) and Singapore (X tons). All these countries together took approx. X% share of total imports. Indonesia (X tons), India (X tons), Taiwan (Chinese) (X tons), Vietnam (X tons) and Hong Kong SAR (X tons) followed a long way behind the leaders.

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

In value terms, China ($X), Malaysia ($X) and Australia ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. South Korea, Japan, Singapore, Thailand, India, Vietnam, Taiwan (Chinese), Indonesia, Hong Kong SAR and Myanmar lagged somewhat behind, together accounting for a further X%.

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-Pacific amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

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 China ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform