Asia-Pacific: Market for Machines For Balancing Mechanical Parts 2024

Market Size for Machines For Balancing Mechanical Parts in Asia-Pacific

The Asia-Pacific balancing mechanical parts machine market fell modestly to $X.9B in 2022, approximately equating the previous year. The total consumption indicated a buoyant 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, consumption increased by X% against 2020 indices. The level of consumption peaked at $X.5B in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Machines For Balancing Mechanical Parts in Asia-Pacific

In value terms, balancing mechanical parts machine production fell slightly to $X in 2022 estimated in export price. The total production indicated a remarkable 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, production increased by X% against 2020 indices. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X.3B in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Machines For Balancing Mechanical Parts

Exports in Asia-Pacific

In 2022, balancing mechanical parts machine exports in Asia-Pacific rose slightly to X units, increasing by X% compared with 2021. Overall, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, balancing mechanical parts machine exports shrank dramatically to $X in 2022. In general, exports, however, showed a noticeable descent. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand was the key exporting country with an export of about X units, which reached X% of total exports. It was distantly followed by China (X units), constituting a X% share of total exports.

Thailand was also the fastest-growing in terms of the machines for balancing mechanical parts exports, with a CAGR of X% from 2012 to 2022. At the same time, China (X%) displayed positive paces of growth. From 2012 to 2022, the share of Thailand increased by X percentage points.

In value terms, China ($X) remains the largest balancing mechanical parts machine supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, falling by X% against the previous year. Overall, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Imports of Machines For Balancing Mechanical Parts

Imports in Asia-Pacific

In 2022, after three years of growth, there was significant decline in purchases abroad of machines for balancing mechanical parts, when their volume decreased by X% to X units. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The volume of import peaked at X units in 2021, and then fell markedly in the following year.

In value terms, balancing mechanical parts machine imports contracted markedly to $X in 2022. Over the period under review, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Thailand represented the largest importer of machines for balancing mechanical parts in Asia-Pacific, with the volume of imports resulting at X units, which was approx. X% of total imports in 2022. It was distantly followed by Singapore (X units), constituting a X% share of total imports. The following importers - the Philippines (X units), Malaysia (X units), Australia (X units) and Indonesia (X units) - together made up X% of total imports.

Imports into Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, the Philippines (X%) and Australia (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Malaysia experienced a relatively flat trend pattern. By contrast, Indonesia (X%) and Singapore (X%) illustrated a downward trend over the same period. Thailand (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the total imports, while Singapore saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest balancing mechanical parts machine importing markets in Asia-Pacific were Thailand ($X), Australia ($X) and Indonesia ($X), with a combined X% share of total imports. Malaysia, Singapore and the Philippines lagged somewhat behind, together comprising a further X%.

The Philippines, 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 mixed trends in the imports figures.

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the import price recorded a drastic downturn. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 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 Indonesia ($X per unit), while Singapore ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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