Eastern Asia: Market for Brooms, Brushes, And Mops 2024

Market Size for Brooms, Brushes, And Mops in Eastern Asia

In 2022, the East Asian broom, brush, and mop market decreased by X% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Brooms, Brushes, And Mops in Eastern Asia

In value terms, broom, brush, and mop production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Brooms, Brushes, And Mops

Exports in Eastern Asia

In 2022, approx. X units of brooms, brushes, and mops were exported in Eastern Asia; growing by X% compared with the previous year. Over the period under review, exports continue to indicate temperate growth. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, broom, brush, and mop exports rose remarkably to $X in 2022. Total exports indicated a resilient increase 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, exports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

China (X units) represented roughly X% of total exports in 2022.

China was also the fastest-growing in terms of the brooms, brushes, and mops exports, with a CAGR of X% from 2012 to 2022. China (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) also remains the largest broom, brush, and mop supplier in Eastern Asia.

From 2012 to 2022, the average annual growth rate of value in China stood at X%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, growing by X% against the previous year. Overall, the export price posted noticeable growth. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, the export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Imports of Brooms, Brushes, And Mops

Imports in Eastern Asia

In 2022, the amount of brooms, brushes, and mops imported in Eastern Asia expanded slightly to X units, growing by X% on the previous year. The total import volume 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 pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, broom, brush, and mop imports contracted slightly to $X in 2022. Total imports indicated a strong increase 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, imports increased by X% against 2012 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

China was the key importer of brooms, brushes, and mops in Eastern Asia, with the volume of imports recording X units, which was approx. X% of total imports in 2022. Japan (X units) held the second position in the ranking, distantly followed by South Korea (X units), Taiwan (Chinese) (X units) and Hong Kong SAR (X units). All these countries together held approx. X% share of total imports.

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

In value terms, Japan ($X), South Korea ($X) and China ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Hong Kong SAR and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

Hong Kong SAR, 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

The import price in Eastern Asia stood at $X per unit in 2022, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The level of import peaked at $X per unit in 2021, and then contracted 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 Japan ($X per unit), while China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform