Eastern Asia: Market for Non-Electronic Hydro-, Hygro-, Psychrometers 2024

Market Size for Non-Electronic Hydro-, Hygro-, Psychrometers in Eastern Asia

In 2022, the East Asian non-electronic hydro- and hygrometers market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption saw prominent growth. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the immediate term.

Production of Non-Electronic Hydro-, Hygro-, Psychrometers in Eastern Asia

In value terms, non-electronic hydro- and hygrometers production declined to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced reduction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Non-Electronic Hydro-, Hygro-, Psychrometers

Exports in Eastern Asia

In 2022, after four years of growth, there was decline in shipments abroad of non-electronic hydro-, hygro-, psychrometers, when their volume decreased by X% to X units. Overall, exports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2021, and then reduced modestly in the following year.

In value terms, non-electronic hydro- and hygrometers exports shrank modestly to $X in 2022. Total exports indicated a prominent expansion 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 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2021, and then dropped in the following year.

Exports by Country

China dominates exports structure, accounting for X units, which was approx. X% of total exports in 2022. It was distantly followed by Hong Kong SAR (X units), generating a X% share of total exports.

China was also the fastest-growing in terms of the non-electronic hydro-, hygro-, psychrometers exports, with a CAGR of X% from 2012 to 2022. At the same time, Hong Kong SAR (X%) displayed positive paces of growth. From 2012 to 2022, the share of China increased by X percentage points.

In value terms, China ($X) remains the largest non-electronic hydro- and hygrometers supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports.

In China, non-electronic hydro- and hygrometers exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, rising by X% against the previous year. Overall, the export price, however, continues to indicate a pronounced contraction. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 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 Hong Kong SAR ($X per unit), while China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Imports of Non-Electronic Hydro-, Hygro-, Psychrometers

Imports in Eastern Asia

In 2022, supplies from abroad of non-electronic hydro-, hygro-, psychrometers increased by X% to X units, rising for the fourth year in a row after two years of decline. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, non-electronic hydro- and hygrometers imports rose sharply to $X in 2022. Total imports indicated strong growth 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 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

China dominates imports structure, reaching X units, which was near X% of total imports in 2022. Taiwan (Chinese) (X units) took a little share of total imports.

China was also the fastest-growing in terms of the non-electronic hydro-, hygro-, psychrometers imports, with a CAGR of X% from 2012 to 2022. At the same time, Taiwan (Chinese) (X%) displayed positive paces of growth. From 2012 to 2022, the share of China increased by X percentage points.

In value terms, China ($X) constitutes the largest market for imported non-electronic hydro-, hygro-, psychrometers in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the import price saw a deep downturn. The growth pace was the most rapid in 2018 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 stood at a somewhat lower figure.

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 Taiwan (Chinese) ($X per unit), while China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%).

Source: IndexBox Platform

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