Asia-Pacific: Non-Electric Pulley Tackle Market 2024

Non-Electric Pulley Tackle Market Size in Asia-Pacific

For the fourth year in a row, the Asia-Pacific non-electric pulley tackle market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Non-Electric Pulley Tackle Production in Asia-Pacific

In value terms, non-electric pulley tackle production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

Non-Electric Pulley Tackle Exports

Exports in Asia-Pacific

In 2022, shipments abroad of pulley tackle and hoists, non-powered by electric motor increased by X% to X units, rising for the second consecutive year after two years of decline. Total exports indicated a prominent expansion 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 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, non-electric pulley tackle exports expanded sharply to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

China dominates exports structure, recording X units, which was near X% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X units), comprising a X% share of total exports. Japan (X units), Thailand (X units) and India (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%), India (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand, India and Taiwan (Chinese) increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-electric pulley tackle supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by India, with a X% share.

In China, non-electric pulley tackle exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, surging by X% against the previous year. Overall, the export price, however, saw a perceptible slump. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 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 Japan (X%), while the other leaders experienced a decline in the export price figures.

Non-Electric Pulley Tackle Imports

Imports in Asia-Pacific

In 2022, approx. X units of pulley tackle and hoists, non-powered by electric motor were imported in Asia-Pacific; surging by X% compared with the previous year. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, non-electric pulley tackle imports rose to $X in 2022. In general, imports, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The purchases of the twelve major importers of pulley tackle and hoists, non-powered by electric motor, namely Thailand, Indonesia, Australia, India, Japan, South Korea, Singapore, Taiwan (Chinese), Malaysia, New Zealand, Cambodia and the Philippines, represented more than two-thirds of total import.

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

In value terms, the largest non-electric pulley tackle importing markets in Asia-Pacific were Indonesia ($X), Australia ($X) and Japan ($X), together accounting for X% of total imports. Thailand, Singapore, India, South Korea, Malaysia, Taiwan (Chinese), New Zealand, the Philippines and Cambodia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, New Zealand, with a CAGR of X%, recorded the highest growth rate of 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 Asia-Pacific amounted to $X per unit, shrinking by X% against the previous year. Overall, the import price continues to indicate a noticeable slump. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform