Asia: Thermoforming Machine Market 2024

Thermoforming Machine Market Size in Asia

The Asian thermoforming machine market stood at $X in 2022, almost unchanged from the previous year. In general, consumption showed a strong expansion. The level of consumption peaked at $X.6B in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Thermoforming Machine Production in Asia

In value terms, thermoforming machine production stood at $X.4B in 2022 estimated in export price. Overall, production enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of production peaked at $X.4B in 2020; however, from 2021 to 2022, production remained at a lower figure.

Thermoforming Machine Exports

Exports in Asia

In 2022, overseas shipments of thermoforming machines for working rubber or plastics increased by X% to X units, rising for the sixth consecutive year after two years of decline. In general, exports saw a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, thermoforming machine exports expanded notably to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

China represented the key exporting country with an export of about X units, which reached X% of total exports. It was distantly followed by Taiwan (Chinese) (X units), committing a X% share of total exports. South Korea (X units) and Singapore (X units) took a minor share of total exports.

China was also the fastest-growing in terms of the thermoforming machines for working rubber or plastics exports, with a CAGR of X% from 2012 to 2022. At the same time, Singapore (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. By contrast, South Korea (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest thermoforming machine supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, falling by X% against the previous year. Overall, the export price saw a abrupt downturn. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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

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

Thermoforming Machine Imports

Imports in Asia

In 2022, purchases abroad of thermoforming machines for working rubber or plastics increased by X% to X units for the first time since 2018, thus ending a three-year declining trend. Total imports indicated a mild 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, imports decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2018 when imports increased by X%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, thermoforming machine imports rose remarkably to $X in 2022. The total import 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. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

The purchases of the twelve major importers of thermoforming machines for working rubber or plastics, namely the Philippines, Indonesia, Thailand, Japan, China, Vietnam, Malaysia, the United Arab Emirates, India, Iran, Singapore and Turkey, represented more than two-thirds of total import.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported thermoforming machines for working rubber or plastics in Asia, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, with a decrease of X% against the previous year. Import price indicated a mild increase from 2012 to 2022: its price 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, thermoforming machine import price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 when the import price increased by X%. As a result, import price attained the peak level of $X per unit, and then declined in the following year.

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 ($X per unit), while the Philippines ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :