Asia-Pacific: Market for Parts Of Apparatus Of Hs 2024

Market Size for Parts Of Apparatus Of Hs in Asia-Pacific

The Asia-Pacific market for parts of apparatus of hs fell notably to $X in 2021, which is down by -22.2% against the previous year. In general, consumption, however, showed a noticeable reduction. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Production of Parts Of Apparatus Of Hs in Asia-Pacific

In value terms, parts of apparatus of hs production reduced rapidly to $X in 2021 estimated in export price. In general, production enjoyed a tangible expansion. The pace of growth appeared the most rapid in 2019 when the production volume increased by 112%. Over the period under review, production attained the maximum level at $X in 2020, and then fell notably in the following year.

Exports of Parts Of Apparatus Of Hs

Exports in Asia-Pacific

For the third year in a row, Asia-Pacific recorded growth in overseas shipments of parts of apparatus of hs, which increased by 20% to X units in 2021. Overall, exports showed prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 146%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, parts of apparatus of hs exports surged to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +80.5% against 2012 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, accounting for X units, which was approx. 78% of total exports in 2021. It was distantly followed by Vietnam (X units), committing an 8.3% share of total exports. Hong Kong SAR (X units), Thailand (X units), Malaysia (X units) and Indonesia (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +14.2% from 2012 to 2021. At the same time, Malaysia (+31.6%), Thailand (+22.0%) and Vietnam (+4.4%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +31.6% from 2012-2021. Indonesia experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-3.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, Thailand and Malaysia increased by +19, +2 and +1.7 percentage points, respectively.

In value terms, China ($X) remains the largest parts of apparatus of hs supplier in Asia-Pacific, comprising 56% of total exports. The second position in the ranking was held by Vietnam ($X), with a 20% share of total exports. It was followed by Hong Kong SAR, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +5.7%. In the other countries, the average annual rates were as follows: Vietnam (+27.5% per year) and Hong Kong SAR (+1.7% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, rising by 7.1% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2018 an increase of 169%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Hong Kong SAR ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+22.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Parts Of Apparatus Of Hs

Imports in Asia-Pacific

In 2021, after three years of decline, there was significant growth in supplies from abroad of parts of apparatus of hs, when their volume increased by 27% to X units. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 73%. The volume of import peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, parts of apparatus of hs imports expanded markedly to $X in 2021. The total import value increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 14% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Vietnam (X units), Hong Kong SAR (X units), Indonesia (X units), Japan (X units), China (X units), India (X units), South Korea (X units) and Thailand (X units) was the key importer of parts of apparatus of hs in Asia-Pacific, creating 86% of total import.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +241.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest parts of apparatus of hs importing markets in Asia-Pacific were Hong Kong SAR ($X), Japan ($X) and China ($X), with a combined 49% share of total imports. Vietnam, India, South Korea, Thailand and Indonesia lagged somewhat behind, together comprising a further 29%.

Among the main importing countries, Vietnam, with a CAGR of +13.1%, 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 2021, the import price in Asia-Pacific amounted to $X per unit, dropping by -13.3% against the previous year. Overall, the import price saw a noticeable shrinkage. The pace of growth was the most pronounced in 2015 an increase of 18% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+7.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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