Eastern Asia: Safety Headgear Market 2024

Safety Headgear Market Size in Eastern Asia

The East Asian safety headgear market contracted to $X in 2022, which is down by X% against the previous year. In general, consumption, however, saw a perceptible curtailment. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Safety Headgear Production in Eastern Asia

In value terms, safety headgear production fell to $X in 2022 estimated in export price. Over the period under review, production showed a mild contraction. The pace of growth appeared the most rapid in 2014 with an increase of X%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Safety Headgear Exports

Exports in Eastern Asia

In 2022, shipments abroad of safety headgear decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Total exports indicated a tangible increase from 2012 to 2022: its volume 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 2016 indices. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, and then declined in the following year.

In value terms, safety headgear exports expanded significantly to $X in 2022. In general, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

China dominates exports structure, reaching X units, which was near X% of total exports in 2022. The following exporters - Taiwan (Chinese) (X units) and Japan (X units) - together made up X% of total exports.

China was also the fastest-growing in terms of the safety headgear exports, with a CAGR of X% from 2012 to 2022. At the same time, Japan (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. 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 ($X) remains the largest safety headgear supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while Taiwan (Chinese) ($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 export price figures.

Safety Headgear Imports

Imports in Eastern Asia

In 2022, supplies from abroad of safety headgear increased by X% to X units, rising for the fifth year in a row after three years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, safety headgear imports amounted to $X in 2022. Overall, imports recorded resilient growth. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

Japan (X units) and Taiwan (Chinese) (X units) represented the main importers of safety headgear in 2022, resulting at approx. X% and X% of total imports, respectively. South Korea (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by China (X%) and Hong Kong SAR (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

In terms of the main importing countries, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, which is down by X% against the previous year. Import price indicated strong growth from 2012 to 2022: its price 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, safety headgear import price increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. As a result, import price attained the peak level of $X per unit, and then contracted modestly 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 China ($X per unit), while Taiwan (Chinese) ($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 more modest paces of growth.

Source: IndexBox Platform

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