ASEAN: Electrical Signalling Apparatus Market 2024

Electrical Signalling Apparatus Market Size in ASEAN

The ASEAN electrical signalling apparatus market rose to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, recorded a mild decrease. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Electrical Signalling Apparatus Production in ASEAN

In value terms, electrical signalling apparatus production declined modestly 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 indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of X%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Electrical Signalling Apparatus Exports

Exports in ASEAN

In 2022, shipments abroad of electrical apparatus for sound or visual signalling increased by X% to X units, rising for the third year in a row after four years of decline. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, electrical signalling apparatus exports soared to $X in 2022. Overall, exports showed prominent growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

Vietnam represented the key exporter of electrical apparatus for sound or visual signalling in ASEAN, with the volume of exports accounting for X units, which was approx. X% of total exports in 2022. Thailand (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (X%) and Singapore (X%). The Philippines (X units) followed a long way behind the leaders.

Vietnam was also the fastest-growing in terms of the electrical apparatus for sound or visual signalling exports, with a CAGR of X% from 2012 to 2022. At the same time, Indonesia (X%), the Philippines (X%) and Singapore (X%) displayed positive paces of growth. By contrast, Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam, Indonesia, Singapore and the Philippines increased by X, X, X and X percentage points, respectively.

In value terms, Vietnam ($X) remains the largest electrical signalling apparatus supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

In Vietnam, electrical signalling apparatus exports increased 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: Singapore (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the export price enjoyed prominent growth. The most prominent rate of growth was recorded in 2016 when the export price increased by 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 the near future.

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

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

Electrical Signalling Apparatus Imports

Imports in ASEAN

In 2022, imports of electrical apparatus for sound or visual signalling in ASEAN contracted modestly to X units, therefore, remained relatively stable against 2021 figures. The total import volume 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 2015 when imports increased by X% against the previous year. The volume of import peaked at X units in 2021, and then fell in the following year.

In value terms, electrical signalling apparatus imports soared to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Thailand represented the largest importer of electrical apparatus for sound or visual signalling in ASEAN, with the volume of imports resulting at X units, which was approx. X% of total imports in 2022. Indonesia (X units) ranks second in terms of the total imports with a X% share, followed by Singapore (X%) and Malaysia (X%).

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

In value terms, the largest electrical signalling apparatus importing markets in ASEAN were Thailand ($X), Singapore ($X) and Indonesia ($X), together accounting for X% of total imports.

Among the main importing countries, Singapore, with a CAGR of X%, saw 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 ASEAN amounted to $X per unit, with an increase of 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 2013 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per unit), while Indonesia ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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