Asia-Pacific: Electrical Signalling Apparatus Market 2024

Electrical Signalling Apparatus Market Size in Asia-Pacific

The Asia-Pacific electrical signalling apparatus market contracted modestly to $X in 2022, approximately reflecting the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Electrical Signalling Apparatus Production in Asia-Pacific

In value terms, electrical signalling apparatus production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Electrical Signalling Apparatus Exports

Exports in Asia-Pacific

In 2022, shipments abroad of electrical apparatus for sound or visual signalling decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. The total export 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 in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X units, and then reduced slightly in the following year.

In value terms, electrical signalling apparatus exports skyrocketed to $X in 2022. Overall, exports, however, showed strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the largest exporter of electrical apparatus for sound or visual signalling in Asia-Pacific, with the volume of exports accounting for X units, which was near X% of total exports in 2022. Hong Kong SAR (X units) ranks second in terms of the total exports with an X% share, followed by Vietnam (X%). Thailand (X units) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to electrical signalling apparatus exports from China stood at X%. At the same time, Vietnam (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) and Thailand (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hong Kong SAR (X p.p.) and Thailand (X p.p.) displayed negative dynamics.

In value terms, China ($X), Vietnam ($X) and Hong Kong SAR ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Among the main exporting countries, Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, jumping by X% against the previous year. In general, the export price posted a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, 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.

Electrical Signalling Apparatus Imports

Imports in Asia-Pacific

Electrical signalling apparatus imports fell notably to X units in 2022, with a decrease of X% compared with the year before. Over the period under review, imports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, electrical signalling apparatus imports declined slightly to $X in 2022. The total import 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 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped slightly in the following year.

Imports by Country

In 2022, China (X units) and Hong Kong SAR (X units) were the key importers of electrical apparatus for sound or visual signalling in Asia-Pacific, together committing X% of total imports. India (X units) held the next position in the ranking, followed by Thailand (X units) and Japan (X units). All these countries together took near X% share of total imports. Indonesia (X units), Taiwan (Chinese) (X units), South Korea (X units), Singapore (X units), Australia (X units) and Malaysia (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical signalling apparatus importing markets in Asia-Pacific were Thailand ($X), China ($X) and Japan ($X), together comprising X% of total imports. Australia, South Korea, Singapore, Hong Kong SAR, India, Taiwan (Chinese), Indonesia and Malaysia lagged somewhat behind, together comprising a further X%.

Singapore, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the import price in Asia-Pacific amounted to $X per unit, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the import price increased by X%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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