Asia: Market for Pneumatic Linear Acting Actuators 2023

Market Size for Pneumatic Linear Acting Actuators in Asia

In 2022, the Asian pneumatic linear acting actuator market increased by 0.3% to $X, rising for the second consecutive year after three years of decline. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Pneumatic Linear Acting Actuators in Asia

In value terms, pneumatic linear acting actuator production reduced modestly to $X in 2022 estimated in export price. The total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +3.9% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 20%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Pneumatic Linear Acting Actuators

Exports in Asia

In 2022, the amount of pneumatic linear acting actuators exported in Asia declined rapidly to X units, dropping by -26.7% against the previous year's figure. In general, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by 62%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, pneumatic linear acting actuator exports rose to $X in 2022. Total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +37.7% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 35% against the previous year. 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

In 2022, China (X units) represented the major exporter of pneumatic linear acting actuators, comprising 67% of total exports. Japan (X units) took the second position in the ranking, distantly followed by Taiwan (Chinese) (X units). All these countries together took approx. 18% share of total exports. South Korea (X units), Turkey (X units), Singapore (X units) and India (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +12.9% from 2012 to 2022. At the same time, Turkey (+19.3%), South Korea (+10.4%), Singapore (+8.3%) and India (+6.8%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +19.3% from 2012-2022. Taiwan (Chinese) and Japan experienced a relatively flat trend pattern. While the share of China (+20 p.p.) and Turkey (+2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Taiwan (Chinese) (-5.5 p.p.) and Japan (-16.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest pneumatic linear acting actuator supplying countries in Asia were China ($X), Japan ($X) and Taiwan (Chinese) ($X), together accounting for 86% of total exports. South Korea, Singapore, India and Turkey lagged somewhat behind, together accounting for a further 9.6%.

In terms of the main exporting countries, Turkey, with a CAGR of +18.5%, recorded the highest growth rate of the value of exports, 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 stood at $X per unit in 2022, jumping by 39% against the previous year. In general, the export price, however, continues to indicate a noticeable reduction. 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.

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

In 2022, approx. X units of pneumatic linear acting actuators were imported in Asia; falling by -5.9% against 2021. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 20% against the previous year. As a result, imports attained the peak of X units, and then fell in the following year.

In value terms, pneumatic linear acting actuator imports fell modestly to $X in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 26%. As a result, imports reached the peak of $X, and then fell modestly in the following year.

Imports by Country

In 2022, Japan (X units), distantly followed by China (X units), South Korea (X units), the United Arab Emirates (X units), Turkey (X units), Taiwan (Chinese) (X units) and Vietnam (X units) were the major importers of pneumatic linear acting actuators, together mixing up 74% of total imports. The following importers - India (X units), Singapore (X units), Malaysia (X units), Indonesia (X units), Hong Kong SAR (X units) and Kazakhstan (X units) - together made up 18% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading 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 ($X) constitutes the largest market for imported pneumatic linear acting actuators in Asia, comprising 34% of total imports. The second position in the ranking was taken by Japan ($X), with a 14% share of total imports. It was followed by South Korea, with an 11% share.

In China, pneumatic linear acting actuator imports expanded at an average annual rate of +2.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+3.2% per year) and South Korea (+14.6% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, stabilizing at the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the import price increased by 8.5%. Over the period under review, import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while Kazakhstan ($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

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