Eastern Asia: Concrete Pump Market 2024

Concrete Pump Market Size in Eastern Asia

The East Asian concrete pump market contracted slightly to $X.6B in 2022, waning by X% against the previous year. In general, consumption saw a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of consumption peaked at $X.8B in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Concrete Pump Production in Eastern Asia

In value terms, concrete pump production fell modestly to $X.3B in 2022 estimated in export price. Over the period under review, production saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production reached the peak level at $X.9B in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Concrete Pump Exports

Exports in Eastern Asia

In 2022, the amount of concrete pumps exported in Eastern Asia rose sharply to X units, increasing by X% compared with the previous year's figure. Total exports indicated prominent growth 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 pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, concrete pump exports reached $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 in certain years. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, China (X units) was the largest exporter of concrete pumps, committing X% of total exports. It was distantly followed by South Korea (X units), making up a X% share of total exports.

China was also the fastest-growing in terms of the concrete pumps exports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%) displayed positive paces of growth. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Korea (X p.p.) displayed negative dynamics.

In value terms, South Korea ($X) remains the largest concrete pump supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports.

In South Korea, concrete pump 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, approximately reflecting the previous year. Over the period under review, the export price saw a slight decline. The growth pace was the most rapid in 2015 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2016; however, from 2017 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 South Korea ($X per unit), while China stood at $X per unit.

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

Concrete Pump Imports

Imports in Eastern Asia

In 2022, the amount of concrete pumps imported in Eastern Asia dropped notably to X units, which is down by X% on the year before. Overall, imports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, concrete pump imports declined markedly to $X in 2022. In general, imports showed a mild downturn. The growth pace was the most rapid in 2013 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the largest importer of concrete pumps, creating X% of total imports. Japan (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (X%), Hong Kong SAR (X%) and South Korea (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest concrete pump importing markets in Eastern Asia were China ($X), Japan ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports.

Japan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

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 a tangible increase 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. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The level of import peaked at $X per unit in 2021, and then dropped markedly in the following year.

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

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

Source: IndexBox Platform

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