Eastern Asia: Hydraulic Press Market 2024

Hydraulic Press Market Size in Eastern Asia

The East Asian hydraulic press market soared to $X in 2022, increasing by X% against the previous year. Overall, consumption enjoyed prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Hydraulic Press Production in Eastern Asia

In value terms, hydraulic press production rose to $X in 2022 estimated in export price. The total production indicated a temperate 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Hydraulic Press Exports

Exports in Eastern Asia

Hydraulic press exports dropped remarkably to X units in 2022, with a decrease of X% on 2021 figures. Overall, exports faced a abrupt decline. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, hydraulic press exports dropped notably to $X in 2022. In general, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X units) and Taiwan (Chinese) (X units) dominates exports structure, together committing X% of total exports. It was distantly followed by South Korea (X units), comprising a X% share of total exports. Hong Kong SAR (X units) took a little share of total exports.

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

In value terms, the largest hydraulic press supplying countries in Eastern Asia were South Korea ($X), Japan ($X) and Taiwan (Chinese) ($X), together comprising X% of total exports. These countries were followed by Hong Kong SAR, which accounted for a further X%.

Among the main exporting countries, Hong Kong SAR, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price posted a buoyant expansion. As a result, the export price reached the peak level and is likely to continue 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 South Korea ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

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

Hydraulic Press Imports

Imports in Eastern Asia

In 2022, supplies from abroad of hydraulic presses for working metal increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, hydraulic press imports amounted to $X in 2022. Overall, imports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan was the key importing country with an import of around X units, which reached X% of total imports. It was distantly followed by South Korea (X units) and China (X units), together mixing up a X% share of total imports. Taiwan (Chinese) (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to hydraulic press imports into Japan stood at X%. At the same time, South Korea (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, China (X%) illustrated a downward trend over the same period. Japan (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the total imports, while China saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported hydraulic presses for working metal in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

In China, hydraulic press imports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, shrinking by X% against the previous year. In general, the import price faced a deep downturn. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Japan ($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) (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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