Asia-Pacific: Market for Pneumatic Linear Acting Actuators 2023

Market Size for Pneumatic Linear Acting Actuators in Asia-Pacific

In 2022, the Asia-Pacific pneumatic linear acting actuator market increased by 0.4% to $X, rising for the second consecutive year after three years of decline. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Pneumatic Linear Acting Actuators in Asia-Pacific

In value terms, pneumatic linear acting actuator production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when the production volume increased by 18% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Pneumatic Linear Acting Actuators

Exports in Asia-Pacific

In 2022, the amount of pneumatic linear acting actuators exported in Asia-Pacific shrank dramatically to X units, reducing by -28.9% against the previous year's figure. Overall, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by 64%. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, pneumatic linear acting actuator exports amounted to $X in 2022. Total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.4% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 36%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

China represented the key exporter of pneumatic linear acting actuators in Asia-Pacific, with the volume of exports resulting at X units, which was near 71% of total exports in 2022. Japan (X units) took a 14% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (4.9%). South Korea (X units), Singapore (X units) and India (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the pneumatic linear acting actuators exports, with a CAGR of +12.9% from 2012 to 2022. At the same time, South Korea (+10.4%), Singapore (+8.3%) and India (+6.8%) displayed positive paces of growth. Taiwan (Chinese) and Japan experienced a relatively flat trend pattern. While the share of China (+24 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Taiwan (Chinese) (-5.4 p.p.) and Japan (-16.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and Taiwan (Chinese) ($X) were the countries with the highest levels of exports in 2022, together comprising 89% of total exports. South Korea, Singapore and India lagged somewhat behind, together comprising a further 8.3%.

South Korea, with a CAGR of +13.4%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, picking up by 42% against the previous year. Over the period under review, the export price, however, showed a perceptible decrease. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.5%), while the other leaders experienced more modest paces of growth.

Imports of Pneumatic Linear Acting Actuators

Imports in Asia-Pacific

In 2022, approx. X units of pneumatic linear acting actuators were imported in Asia-Pacific; shrinking by -7.9% against the previous year's figure. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 22%. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, pneumatic linear acting actuator imports dropped modestly to $X in 2022. The total import value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 30% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped slightly in the following year.

Imports by Country

In 2022, Japan (X units), distantly followed by China (X units), South Korea (X units), Taiwan (Chinese) (X units), Vietnam (X units) and India (X units) were the key importers of pneumatic linear acting actuators, together mixing up 78% of total imports. The following importers - Singapore (X units), Malaysia (X units), Australia (X units), Indonesia (X units), Hong Kong SAR (X units) and Thailand (X units) - together made up 19% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of +28.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported pneumatic linear acting actuators in Asia-Pacific, comprising 36% of total imports. The second position in the ranking was held by Japan ($X), with a 15% share of total imports. It was followed by South Korea, with a 12% share.

In China, pneumatic linear acting actuator imports expanded at an average annual rate of +2.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (+3.2% per year) and South Korea (+14.6% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, increasing by 5.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2016 when the import price increased by 8.4% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :