Eastern Asia: Market for Vacuum Cleaners With Motor 2024

Market Size for Vacuum Cleaners With Motor in Eastern Asia

The East Asian vacuum cleaner with motor market surged to $X in 2022, increasing by X% against the previous year. The total consumption indicated a buoyant 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. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Vacuum Cleaners With Motor in Eastern Asia

In value terms, vacuum cleaner with motor production amounted to $X in 2022 estimated in export price. Overall, production showed a modest expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

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Exports of Vacuum Cleaners With Motor

Exports in Eastern Asia

In 2022, after two years of growth, there was significant decline in overseas shipments of vacuum cleaners with motor, when their volume decreased by X% to X units. Over the period under review, exports, however, enjoyed a pronounced increase. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The volume of export peaked at X units in 2021, and then declined notably in the following year.

In value terms, vacuum cleaner with motor exports reduced markedly to $X in 2022. Overall, exports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then declined markedly in the following year.

Exports by Country

In 2022, China (X units) represented the major exporter of vacuum cleaners with motor in Eastern Asia, committing X% of total export.

China was also the fastest-growing in terms of the vacuum cleaners with motor exports, with a CAGR of X% from 2012 to 2022. While the share of China (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest vacuum cleaner with motor 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

The export price in Eastern Asia stood at $X per unit in 2022, surging by X% against the previous year. In general, the export price showed tangible growth. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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 Vacuum Cleaners With Motor

Imports in Eastern Asia

In 2022, approx. X units of vacuum cleaners with motor were imported in Eastern Asia; with a decrease of X% compared with the previous year's figure. Total imports 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, imports decreased by X% against 2020 indices. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, vacuum cleaner with motor imports fell significantly to $X in 2022. In general, imports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X units) was the major importer of vacuum cleaners with motor, comprising X% of total imports. South Korea (X units) took the second position in the ranking, followed by China (X units), Taiwan (Chinese) (X units) and Hong Kong SAR (X units). All these countries together held approx. X% share of total imports.

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

In value terms, the largest vacuum cleaner with motor importing markets in Eastern Asia were Japan ($X), South Korea ($X) and China ($X), together comprising X% of total imports.

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

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, approximately equating the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of import peaked at $X per unit in 2019; however, from 2020 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 Hong Kong SAR ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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