Eastern Asia: Industrial Robot Market 2024

Industrial Robot Market Size in Eastern Asia

The East Asian industrial robot market stood at $X in 2023, surging by X% against the previous year. In general, consumption recorded a buoyant increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Industrial Robot Production in Eastern Asia

In value terms, industrial robot production reached $X in 2023 estimated in export price. Over the period under review, production continues to indicate a prominent expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

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Industrial Robot Exports

Exports in Eastern Asia

In 2023, after three years of growth, there was significant decline in shipments abroad of industrial robots for multiple uses, when their volume decreased by X% to X units. In general, exports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked at X units in 2022, and then shrank in the following year.

In value terms, industrial robot exports declined to $X in 2023. Total exports indicated a tangible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2022, and then reduced in the following year.

Exports by Country

In 2023, Japan (X units) was the largest exporter of industrial robots for multiple uses, generating X% of total exports. It was distantly followed by China (X units), committing a X% share of total exports. South Korea (X units), Taiwan (Chinese) (X units) and Hong Kong SAR (X units) held a little share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by China (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

From 2012 to 2023, the average annual growth rate of value in Japan totaled X%. In the other countries, the average annual rates were as follows: China (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per unit, growing by X% against the previous year. In general, the export price, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 2023, 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.

Industrial Robot Imports

Imports in Eastern Asia

In 2023, overseas purchases of industrial robots for multiple uses decreased by X% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, industrial robot imports dropped to $X in 2023. Total imports indicated a noticeable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

China was the main importer of industrial robots for multiple uses in Eastern Asia, with the volume of imports amounting to X units, which was approx. X% of total imports in 2023. Taiwan (Chinese) (X units) held the second position in the ranking, followed by South Korea (X units). All these countries together took approx. X% share of total imports. Japan (X units) and Hong Kong SAR (X units) held a relatively small share of total imports.

From 2012 to 2023, average annual rates of growth with regard to industrial robot imports into China stood at X%. At the same time, Japan (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2023. South Korea experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Taiwan (Chinese), China and Japan increased by X, X and X percentage points, respectively.

In value terms, China ($X) constitutes the largest market for imported industrial robots for multiple uses in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with an X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

In China, industrial robot imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2023, jumping by X% against the previous year. In general, the import price, however, continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2015 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, 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 2023, 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 import price figures.

Source: IndexBox Platform