Asia-Pacific: Hydraulic Press Market 2024

Hydraulic Press Market Size in Asia-Pacific

For the third consecutive year, the Asia-Pacific hydraulic press market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption posted buoyant growth. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Hydraulic Press Production in Asia-Pacific

In value terms, hydraulic press production rose markedly to $X in 2022 estimated in export price. Over the period under review, production saw strong growth. The growth pace was the most rapid in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Hydraulic Press Exports

Exports in Asia-Pacific

Hydraulic press exports declined significantly to X units in 2022, dropping by X% against 2021 figures. Over the period under review, exports faced a abrupt contraction. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, hydraulic press exports reduced markedly to $X in 2022. In general, exports saw a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India was the key exporter of hydraulic presses for working metal in Asia-Pacific, with the volume of exports reaching X units, which was approx. X% of total exports in 2022. Japan (X units) ranks second in terms of the total exports with a X% share, followed by Taiwan (Chinese) (X%) and Singapore (X%). South Korea (X units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to hydraulic press exports from India stood at X%. At the same time, Singapore (X%), Taiwan (Chinese) (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) illustrated a downward trend over the same period. India (X p.p.), Taiwan (Chinese) (X p.p.), Singapore (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest hydraulic press supplying countries in Asia-Pacific were South Korea ($X), Japan ($X) and Taiwan (Chinese) ($X), with a combined X% share of total exports. Singapore and India lagged somewhat behind, together accounting for a further X%.

Singapore, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price enjoyed pronounced growth. As a result, the export price reached the peak level and is likely to continue 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 South Korea ($X per unit), while India ($X per unit) was amongst the lowest.

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

Hydraulic Press Imports

Imports in Asia-Pacific

In 2022, approx. X units of hydraulic presses for working metal were imported in Asia-Pacific; dropping by X% on the year before. Total imports indicated modest growth 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 most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then shrank sharply in the following year.

In value terms, hydraulic press imports shrank notably to $X in 2022. Over the period under review, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Australia (X units), distantly followed by Japan (X units), Singapore (X units), India (X units), the Philippines (X units), Malaysia (X units) and Indonesia (X units) represented the largest importers of hydraulic presses for working metal, together mixing up X% of total imports.

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

In value terms, India ($X) constitutes the largest market for imported hydraulic presses for working metal in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

In India, hydraulic press imports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, rising by X% against the previous year. In general, the import price, however, saw a abrupt curtailment. The growth pace was the most rapid in 2018 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a 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 India ($X per unit), while the Philippines ($X per unit) 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 a decline in the import price figures.

Source: IndexBox Platform

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