Eastern Asia: Globe Market 2022

Globe Market Size in Eastern Asia

In 2021, the East Asian globe market decreased by -X% to $X, falling for the second consecutive year after three years of growth. The total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Globe Production in Eastern Asia

In value terms, globe production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Globe Exports

Exports in Eastern Asia

In 2021, overseas shipments of globes increased by X% to X tons for the first time since 2016, thus ending a four-year declining trend. In general, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, globe exports expanded significantly to $X in 2021. Over the period under review, exports, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, China (X tons) was the major exporter of globes, comprising X% of total exports. It was distantly followed by Taiwan (Chinese) (X tons), creating a X% share of total exports. The following exporters - South Korea (X tons) and Hong Kong SAR (X tons) - each resulted at a less than X% share of total exports.

Exports from China decreased at an average annual rate of -X% from 2012 to 2021. At the same time, South Korea (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +X% from 2012-2021. By contrast, Taiwan (Chinese) (-X%) and Hong Kong SAR (-X%) illustrated a downward trend over the same period. Taiwan (Chinese) (+X p.p.) significantly strengthened its position in terms of the total exports, while China and Hong Kong SAR saw its share reduced by -X% and -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Taiwan (Chinese) ($X) and South Korea ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for X% of total exports.

Among the main exporting countries, South Korea, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, surging by less than X% against the previous year. Export price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, globe export price decreased by -X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat 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 ($X per ton), while China ($X per ton) was amongst the lowest.

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

Globe Imports

Imports in Eastern Asia

In 2021, approx. X tons of globes were imported in Eastern Asia; with a decrease of -X% against the year before. Overall, imports faced a drastic downturn. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, globe imports plummeted to $X in 2021. In general, imports saw a deep downturn. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Japan (X tons) represented the largest importer of globes, constituting X% of total imports. China (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (X%) and Hong Kong SAR (X%). Taiwan (Chinese) (X tons) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to globe imports into Japan stood at -X%. At the same time, China (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +X% from 2012-2021. By contrast, South Korea (-X%), Taiwan (Chinese) (-X%) and Hong Kong SAR (-X%) illustrated a downward trend over the same period. Japan (+X p.p.), China (+X p.p.) and South Korea (less than X p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese) and Hong Kong SAR saw its share reduced by less than X% and -X% from 2012 to 2021, respectively.

In value terms, Japan ($X), China ($X) and Hong Kong SAR ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined X% share of total imports.

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

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, increasing by X% against the previous year. Import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, globe import price decreased by -X% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, 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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