Asia-Pacific: Manostat Market 2023

Manostat Market Size in Asia-Pacific

In 2021, after nine years of growth, there was significant decline in the Asia-Pacific manostat market, when its value decreased by -6.4% to $X. In general, consumption, however, saw a prominent increase. Over the period under review, the market attained the peak level at $X in 2020, and then fell in the following year.

Manostat Production in Asia-Pacific

In value terms, manostat production shrank to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a prominent increase. The growth pace was the most rapid in 2018 when the production volume increased by 54% against the previous year. The level of production peaked at $X in 2020, and then dropped in the following year.

Manostat Exports

Exports in Asia-Pacific

In 2021, after four years of decline, there was significant growth in shipments abroad of manostats, when their volume increased by 17% to X units. Over the period under review, exports, however, continue to indicate a slight descent. The growth pace was the most rapid in 2014 with an increase of 82%. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, manostat exports soared to $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 23%. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Exports by Country

China was the largest exporting country with an export of about X units, which finished at 70% of total exports. Japan (X units) ranks second in terms of the total exports with a 20% share, followed by India (6%). South Korea (X units) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to manostat exports from China stood at +9.8%. At the same time, India (+56.2%), South Korea (+39.0%) and Japan (+3.4%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +56.2% from 2012-2021. From 2012 to 2021, the share of China, Japan, India and South Korea increased by +44, +7.3, +5.9 and +2.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest manostat supplier in Asia-Pacific, comprising 54% of total exports. The second position in the ranking was taken by China ($X), with a 26% share of total exports. It was followed by India, with a 7.1% share.

In Japan, manostat exports increased at an average annual rate of +4.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: China (+8.5% per year) and India (+30.1% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, with an increase of 3.4% against the previous year. Export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, manostat export price decreased by -5.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by 98%. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.9%), while the other leaders experienced mixed trends in the export price figures.

Manostat Imports

Imports in Asia-Pacific

Manostat imports reached X units in 2021, with an increase of 2.7% compared with 2020. Total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -21.6% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of 54% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, manostat imports stood at $X in 2021. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 28% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

India (X units) and China (X units) represented the main importers of manostats in 2021, accounting for near 29% and 21% of total imports, respectively. It was distantly followed by Thailand (X units), Japan (X units) and South Korea (X units), together comprising a 33% share of total imports. Taiwan (Chinese) (X units) and Malaysia (X units) took a minor share of total imports.

From 2012 to 2021, the biggest increases were in India (with a CAGR of +33.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 50% of total imports. These countries were followed by Japan, India, Taiwan (Chinese) and Malaysia, which together accounted for a further 33%.

Among the main importing countries, Taiwan (Chinese), with a CAGR of +40.8%, recorded 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

The import price in Asia-Pacific stood at $X per unit in 2021, almost unchanged from the previous year. Overall, the import price, however, continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2016 an increase of 13%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Taiwan (Chinese) ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+12.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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