Asia-Pacific: Endless Machinery Band Market 2024

Endless Machinery Band Market Size in Asia-Pacific

After two years of growth, the Asia-Pacific endless machinery band market decreased by X% to $X in 2022. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Endless Machinery Band Production in Asia-Pacific

In value terms, endless machinery band production totaled $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Endless Machinery Band Exports

Exports in Asia-Pacific

In 2022, overseas shipments of endless bands for machinery, of stainless steel increased by X% to X square meters, rising for the second year in a row after five years of decline. Over the period under review, exports, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of export peaked at X square meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, endless machinery band exports surged to $X in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

China was the largest exporter of endless bands for machinery, of stainless steel in Asia-Pacific, with the volume of exports amounting to X square meters, which was near X% of total exports in 2022. India (X square meters) held the second position in the ranking, distantly followed by South Korea (X square meters). All these countries together took approx. X% share of total exports. Japan (X square meters), Thailand (X square meters), Malaysia (X square meters) and Taiwan (Chinese) (X square meters) took a little share of total exports.

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

In value terms, China ($X) remains the largest endless machinery band supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: India (X% per year) and Japan (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per square meter in 2022, growing by X% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per square meter), while Malaysia ($X per square meter) was amongst the lowest.

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

Endless Machinery Band Imports

Imports in Asia-Pacific

In 2022, purchases abroad of endless bands for machinery, of stainless steel increased by X% to X square meters, rising for the second year in a row after two years of decline. Total imports indicated a slight 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 2020 indices. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The volume of import peaked at X square meters in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, endless machinery band imports amounted to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Indonesia prevails in imports structure, reaching X square meters, which was near X% of total imports in 2022. French Polynesia (X square meters) ranks second in terms of the total imports with a X% share, followed by Malaysia (X%) and the Philippines (X%). Taiwan (Chinese) (X square meters), Vietnam (X square meters), Thailand (X square meters), China (X square meters), Australia (X square meters), India (X square meters) and Pakistan (X square meters) held a relatively small share of total imports.

Imports into Indonesia increased at an average annual rate of X% from 2012 to 2022. At the same time, French Polynesia (X%), Taiwan (Chinese) (X%), the Philippines (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, French Polynesia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Thailand experienced a relatively flat trend pattern. By contrast, Malaysia (X%), India (X%), China (X%), Pakistan (X%) and Australia (X%) illustrated a downward trend over the same period. While the share of Indonesia (X p.p.), French Polynesia (X p.p.), the Philippines (X p.p.) and Taiwan (Chinese) (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of India (X p.p.), Pakistan (X p.p.), Malaysia (X p.p.), China (X p.p.) and Australia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X), Vietnam ($X) and China ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Thailand, Taiwan (Chinese), Australia, India, Malaysia, the Philippines, French Polynesia and Pakistan lagged somewhat behind, together comprising a further X%.

French Polynesia, with a CAGR of X%, saw 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-Pacific amounted to $X per square meter, which is down by X% against the previous year. Overall, the import price saw a mild curtailment. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. The level of import peaked at $X per square meter in 2015; however, from 2016 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 ($X per square meter), while French Polynesia ($X per square meter) 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

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