Asia-Pacific: Safety Headgear Market 2024

Safety Headgear Market Size in Asia-Pacific

The Asia-Pacific safety headgear market declined to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption continues to indicate a slight reduction. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Safety Headgear Production in Asia-Pacific

In value terms, safety headgear production contracted to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Safety Headgear Exports

Exports in Asia-Pacific

In 2022, shipments abroad of safety headgear increased by X% to X units, rising for the sixth consecutive year after two years of decline. Total exports indicated a moderate 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 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, safety headgear exports rose notably to $X in 2022. Over the period under review, exports saw strong growth. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. 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, reaching X units, which was near X% of total exports in 2022. The following exporters - Taiwan (Chinese) (X units), India (X units), Malaysia (X units) and Japan (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to safety headgear exports from China stood at X%. At the same time, Malaysia (X%), India (X%), Japan (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. Malaysia (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, safety headgear exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: 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, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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

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

Safety Headgear Imports

Imports in Asia-Pacific

In 2022, overseas purchases of safety headgear decreased by X% to X units for the first time since 2014, thus ending a seven-year rising trend. In general, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2018 when imports increased by X%. The volume of import peaked at X units in 2021, and then shrank in the following year.

In value terms, safety headgear imports shrank modestly to $X in 2022. Over the period under review, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

The Philippines represented the largest importing country with an import of around X units, which amounted to X% of total imports. It was distantly followed by Australia (X units), Singapore (X units), Japan (X units), Taiwan (Chinese) (X units) and Thailand (X units), together creating a X% share of total imports. Malaysia (X units), India (X units), Bangladesh (X units), New Zealand (X units), South Korea (X units), Myanmar (X units) and Nepal (X units) held a relatively small share of total imports.

Imports into the Philippines increased at an average annual rate of X% from 2012 to 2022. At the same time, Malaysia (X%), Nepal (X%), Thailand (X%), India (X%), South Korea (X%), Bangladesh (X%), Singapore (X%), Taiwan (Chinese) (X%), New Zealand (X%), Japan (X%) and Australia (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Myanmar (X%) illustrated a downward trend over the same period. While the share of the Philippines (X p.p.), Malaysia (X p.p.), Thailand (X p.p.), India (X p.p.) and Singapore (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (X p.p.), Myanmar (X p.p.) and Australia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X), Japan ($X) and South Korea ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. The Philippines, Singapore, Taiwan (Chinese), New Zealand, Thailand, Malaysia, Bangladesh, India, Nepal and Myanmar lagged somewhat behind, together accounting for a further X%.

Malaysia, 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 Asia-Pacific stood at $X per unit in 2022, picking up by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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