Eastern Asia: Market for Machinery for Liquefying Air or Gases 2024

Market Size for Machinery for Liquefying Air or Gases in Eastern Asia

The East Asian air or gas liquefier market expanded rapidly to $X.7B in 2022, picking up by X% against the previous year. In general, consumption, however, continues to indicate a noticeable decline. Over the period under review, the market reached the maximum level at $X.1B in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Machinery for Liquefying Air or Gases in Eastern Asia

In value terms, air or gas liquefier production totaled $X.7B in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable contraction. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X.4B in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Exports of Machinery for Liquefying Air or Gases

Exports in Eastern Asia

In 2022, shipments abroad of machinery for liquefying air or gases decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of export peaked at X units in 2021, and then fell significantly in the following year.

In value terms, air or gas liquefier exports reduced notably to $X in 2022. Over the period under review, exports, however, enjoyed a temperate increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then shrank remarkably in the following year.

Exports by Country

In 2022, China (X units) represented the key exporter of machinery for liquefying air or gases in Eastern Asia, making up X% of total export.

China was also the fastest-growing in terms of the machinery for liquefying air or gases exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest air or gas liquefier supplier in Eastern Asia.

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

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the export price saw a dramatic decline. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the export prices remained at a somewhat lower figure.

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 Machinery for Liquefying Air or Gases

Imports in Eastern Asia

In 2022, imports of machinery for liquefying air or gases in Eastern Asia contracted remarkably to X units, dropping by X% on the previous year. Overall, imports saw a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, air or gas liquefier imports stood at $X in 2022. In general, imports, however, recorded 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 import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

China prevails in imports structure, accounting for X units, which was near X% of total imports in 2022. It was distantly followed by South Korea (X units), creating a X% share of total imports. Taiwan (Chinese) (X units) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to air or gas liquefier imports into China stood at X%. At the same time, South Korea (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, Taiwan (Chinese) (X%) illustrated a downward trend over the same period. 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, South Korea ($X) constitutes the largest market for imported machinery for liquefying air or gases in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

In South Korea, air or gas liquefier imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: China (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, surging by X% against the previous year. In general, the import price continues to indicate prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 South Korea ($X,015 per unit), while China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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