Asia: Safety Headgear Market 2024

Safety Headgear Market Size in Asia

The Asian safety headgear market dropped to $X in 2022, shrinking by X% against the previous year. Overall, consumption showed a mild descent. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Safety Headgear Production in Asia

In value terms, safety headgear production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Safety Headgear Exports

Exports in Asia

In 2022, shipments abroad of safety headgear increased by X% to X units, rising for the sixth year in a row after two years of decline. Total exports indicated a buoyant increase 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. Based on 2022 figures, exports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, safety headgear exports expanded notably to $X in 2022. Over the period under review, exports saw a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

China prevails in exports structure, recording X units, which was approx. X% of total exports in 2022. It was distantly followed by Turkey (X units), committing a X% share of total exports. Taiwan (Chinese) (X units), India (X units), Malaysia (X units) and Japan (X units) took a little share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Turkey (X%), Malaysia (X%), India (X%), Japan (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Turkey and Malaysia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest safety headgear supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with an X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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

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

Safety Headgear Imports

Imports in Asia

For the fifth year in a row, Asia recorded growth in purchases abroad of safety headgear, which increased by X% to X units in 2022. In general, imports recorded resilient growth. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, safety headgear imports stood at $X in 2022. Over the period under review, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

The Philippines was the major importing country with an import of about X units, which resulted at X% of total imports. Singapore (X units) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%), Japan (X%), Azerbaijan (X%) and Taiwan (Chinese) (X%). Thailand (X units), Malaysia (X units), Turkey (X units), India (X units), Bangladesh (X units), South Korea (X units) and Myanmar (X units) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to safety headgear imports into the Philippines stood at X%. At the same time, Azerbaijan (X%), Malaysia (X%), Thailand (X%), India (X%), South Korea (X%), Bangladesh (X%), Singapore (X%), Taiwan (Chinese) (X%), Japan (X%), Turkey (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, Myanmar (X%) illustrated a downward trend over the same period. While the share of the Philippines (X p.p.), Azerbaijan (X p.p.), Malaysia (X p.p.), Thailand (X p.p.), India (X p.p.) and Singapore (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (X p.p.), Turkey (X p.p.), Myanmar (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest safety headgear importing markets in Asia were Japan ($X), South Korea ($X) and the Philippines ($X), with a combined X% share of total imports. Turkey, Singapore, Taiwan (Chinese), the United Arab Emirates, Thailand, Malaysia, Bangladesh, India, Azerbaijan and Myanmar lagged somewhat behind, together accounting for a further X%.

Azerbaijan, with a CAGR of X%, saw 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

In 2022, the import price in Asia amounted to $X per unit, surging by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices failed to regain momentum.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :