Asia-Pacific: Market for Vacuum Cleaners With Motor 2024

Market Size for Vacuum Cleaners With Motor in Asia-Pacific

In 2022, the Asia-Pacific vacuum cleaner with motor market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. The market value increased at an average annual rate of X% 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 in 2022 and is likely to see steady growth in years to come.

Production of Vacuum Cleaners With Motor in Asia-Pacific

In value terms, vacuum cleaner with motor production shrank modestly to $X in 2022 estimated in export price. The total production indicated a mild 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, production increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

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Exports of Vacuum Cleaners With Motor

Exports in Asia-Pacific

In 2022, after two years of growth, there was significant decline in overseas shipments of vacuum cleaners with motor, when their volume decreased by X% to X units. Overall, exports, however, enjoyed a notable increase. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2021, and then contracted remarkably in the following year.

In value terms, vacuum cleaner with motor exports dropped rapidly to $X in 2022. In general, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank markedly in the following year.

Exports by Country

China prevails in exports structure, resulting at X units, which was near X% of total exports in 2022. Malaysia (X units) took the second position in the ranking, followed by Vietnam (X units). All these countries together took approx. X% share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Malaysia (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. China (X p.p.) and Malaysia (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, China ($X) remains the largest vacuum cleaner with motor supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($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%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price recorded a notable expansion. The pace of growth was the most pronounced in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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

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

Imports of Vacuum Cleaners With Motor

Imports in Asia-Pacific

After two years of growth, purchases abroad of vacuum cleaners with motor decreased by X% to X units in 2022. Total imports indicated a buoyant expansion 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. The pace of growth appeared the most rapid in 2016 with an increase of X%. The volume of import peaked at X units in 2021, and then dropped in the following year.

In value terms, vacuum cleaner with motor imports fell to $X in 2022. Overall, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, Japan (X units), distantly followed by Australia (X units), South Korea (X units), China (X units), Malaysia (X units), Singapore (X units), Taiwan (Chinese) (X units) and Thailand (X units) were the largest importers of vacuum cleaners with motor, together creating 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 China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vacuum cleaner with motor importing markets in Asia-Pacific were Japan ($X), Australia ($X) and South Korea ($X), together accounting for X% of total imports. China, Taiwan (Chinese), Singapore, Malaysia and Thailand lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, China, with a CAGR of X%, saw 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

In 2022, the import price in Asia-Pacific amounted to $X per unit, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per unit), while Malaysia ($X per unit) 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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