The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
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Learn moreJan 2018
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Asia Pacific will continue to be the largest and most dynamic producer of intermediate goods worldwide, with China leading growth. The region’s developing countries, including India, Indonesia, Bangladesh and the Philippines are forecast to maintain rapid development as well, as companies seek to reduce production costs. While Japan and South Korea are anticipated to record a flat performance overall, a more positive outlook is expected from these countries’ metal manufacturers..
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Intermediate goods production in Asia Pacific is taking the lead in the world’s overall production. Also this regional shows the highest future growth comparing with other regions.
Recovering commodity prices and the growth from developing Asia countries helps to increase intermediate goods production in Asia Pacific.
In terms of absolute growth in intermediate goods China covers approximately 80% of absolute growth in the region. Metal industry in China is the key component of intermediate goods and will remain in the future. Governmental efforts to stimulate exports by using monetary instruments will accelerate the industry as well.
South Korea and Japan will gain benefits from Metal industry the most. The demand will increase not even in home economies, but also across Asia because of the need of infrastructure and growing construction sector.
Developing countries such as Bangladesh, Indonesia or India are becoming more and more attractive for investors, because of the still cheap labour cost and because of the rapidly growing economies. Thus, developing countries is expected to strengthen their role in the region.
So far Asia Pacific is taking the 2nd place both in terms of export and import volumes. However, region is rapidly getting closer to more developed Western Europe region trade values. A lot of depends on China’s performance, but it is expected that China’s government will put a lot of efforts to increase exports.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.