ASEAN: Mounted Piezo-Electric Crystals Market 2024

Mounted Piezo-Electric Crystals Market Size in ASEAN

In 2023, the ASEAN mounted piezo-electric crystals market was finally on the rise to reach $X for the first time since 2020, thus ending a two-year declining trend. In general, consumption recorded prominent growth. As a result, consumption reached the peak level of $X. From 2021 to 2023, the growth of the market remained at a lower figure.

Mounted Piezo-Electric Crystals Production in ASEAN

In value terms, mounted piezo-electric crystals production rose rapidly to $X in 2023 estimated in export price. Overall, production enjoyed a strong expansion. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Mounted Piezo-Electric Crystals Exports

Exports in ASEAN

Mounted piezo-electric crystals exports contracted dramatically to X units in 2023, with a decrease of X% on the previous year's figure. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X units. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, mounted piezo-electric crystals exports shrank remarkably to $X in 2023. Over the period under review, exports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Singapore was the key exporter of mounted piezo-electric crystals in ASEAN, with the volume of exports recording X units, which was approx. X% of total exports in 2023. It was distantly followed by Malaysia (X units), Thailand (X units) and Indonesia (X units), together mixing up a X% share of total exports. Vietnam (X units) took a relatively small share of total exports.

Exports from Singapore increased at an average annual rate of X% from 2012 to 2023. At the same time, Indonesia (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. Vietnam experienced a relatively flat trend pattern. By contrast, Thailand (X%) and Malaysia (X%) illustrated a downward trend over the same period. Singapore (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand and Malaysia saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest mounted piezo-electric crystals supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Singapore stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the export price continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2016 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the export price figures.

Mounted Piezo-Electric Crystals Imports

Imports in ASEAN

In 2023, supplies from abroad of mounted piezo-electric crystals decreased by X% to X units, falling for the second consecutive year after four years of growth. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, mounted piezo-electric crystals imports dropped to $X in 2023. Total imports indicated a measured increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2022, and then dropped modestly in the following year.

Imports by Country

Vietnam was the key importer of mounted piezo-electric crystals in ASEAN, with the volume of imports amounting to X units, which was approx. X% of total imports in 2023. Singapore (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (X%) and Thailand (X%). Indonesia (X units) followed a long way behind the leaders.

Vietnam was also the fastest-growing in terms of the mounted piezo-electric crystals imports, with a CAGR of X% from 2012 to 2023. At the same time, Indonesia (X%) displayed positive paces of growth. Singapore experienced a relatively flat trend pattern. By contrast, Malaysia (X%) and Thailand (X%) illustrated a downward trend over the same period. Vietnam (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total imports, while Thailand, Singapore and Malaysia saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

In value terms, Vietnam ($X), Malaysia ($X) and Singapore ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

In terms of the main importing countries, Vietnam, 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

The import price in ASEAN stood at $X per unit in 2023, almost unchanged from the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when the import price increased by X%. As a result, import price attained the peak level of $X per unit, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Malaysia ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2023, 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