Asia: Market for Parts Of Apparatus Of Hs 2024

Market Size for Parts Of Apparatus Of Hs in Asia

The Asian market for parts of apparatus of hs dropped significantly to $X in 2021, waning by -22.1% against the previous year. Overall, consumption, however, recorded a noticeable slump. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Production of Parts Of Apparatus Of Hs in Asia

In value terms, parts of apparatus of hs production contracted rapidly to $X in 2021 estimated in export price. Over the period under review, production enjoyed a noticeable expansion. The pace of growth was the most pronounced in 2019 when the production volume increased by 112% against the previous year. The level of production peaked at $X in 2020, and then declined rapidly in the following year.

Exports of Parts Of Apparatus Of Hs

Exports in Asia

In 2021, the amount of parts of apparatus of hs exported in Asia soared to X units, with an increase of 20% against the year before. Overall, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 142% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in years to come.

In value terms, parts of apparatus of hs exports surged to $X in 2021. Total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +80.1% against 2012 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, reaching X units, which was approx. 78% of total exports in 2021. It was distantly followed by Vietnam (X units), achieving an 8.3% share of total exports. Hong Kong SAR (X units), Thailand (X units), Malaysia (X units) and Indonesia (X units) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to parts of apparatus of hs exports from China stood at +14.2%. At the same time, Malaysia (+31.6%), Thailand (+22.0%) and Vietnam (+4.4%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +31.6% from 2012-2021. Indonesia experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-3.8%) illustrated a downward trend over the same period. While the share of China (+20 p.p.), Thailand (+2 p.p.) and Malaysia (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Indonesia (-2.6 p.p.), Vietnam (-5.5 p.p.) and Hong Kong SAR (-9.7 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest parts of apparatus of hs supplier in Asia, comprising 56% of total exports. The second position in the ranking was held by Vietnam ($X), with a 20% share of total exports. It was followed by Hong Kong SAR, with a 12% share.

In China, parts of apparatus of hs exports expanded at an average annual rate of +5.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+27.5% per year) and Hong Kong SAR (+1.7% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, growing by 7.2% against the previous year. Overall, the export price, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2018 an increase of 167%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Hong Kong SAR ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+22.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Parts Of Apparatus Of Hs

Imports in Asia

In 2021, after three years of decline, there was significant growth in purchases abroad of parts of apparatus of hs, when their volume increased by 25% to X units. Total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +8.8% 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 2014 with an increase of 72% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, parts of apparatus of hs imports rose sharply to $X in 2021. The total import value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 15% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Vietnam (X units), Hong Kong SAR (X units), Indonesia (X units), Japan (X units), China (X units), India (X units), South Korea (X units) and Thailand (X units) was the main importer of parts of apparatus of hs in Asia, making up 77% of total import. The following importers - Malaysia (X units), the United Arab Emirates (X units), Turkey (X units), Singapore (X units) and Taiwan (Chinese) (X units) - together made up 14% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of +241.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest parts of apparatus of hs importing markets in Asia were Hong Kong SAR ($X), Japan ($X) and China ($X), together comprising 47% of total imports. These countries were followed by Vietnam, India, South Korea, Singapore, Malaysia, Thailand, the United Arab Emirates, Taiwan (Chinese), Indonesia and Turkey, which together accounted for a further 43%.

Vietnam, with a CAGR of +13.1%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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 stood at $X per unit in 2021, waning by -11.9% against the previous year. Over the period under review, the import price continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2015 an increase of 18% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per unit), while Indonesia ($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) (+8.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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