Asia-Pacific: Electrical Circuit Apparatus Market 2024

Electrical Circuit Apparatus Market Size in Asia-Pacific

In 2021, the Asia-Pacific electrical circuit apparatus market decreased by X% to $X, falling for the second year in a row after eight years of growth. The total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by X% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Electrical Circuit Apparatus Production in Asia-Pacific

In value terms, electrical circuit apparatus production totaled $X in 2021 estimated in export price. The total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by X% against 2019 indices. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Electrical Circuit Apparatus Exports

Exports in Asia-Pacific

In 2021, the amount of electrical apparatus for circuit connection, switching and protection exported in Asia-Pacific soared to X units, picking up by X% against the year before. The total export volume increased at an average annual rate of X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus exports surged to $X in 2021. The total export value increased at an average annual rate of X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, accounting for X units, which was near X% of total exports in 2021. Hong Kong SAR (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Japan (X%). The following exporters - South Korea (X units), Singapore (X units), Taiwan (Chinese) (X units), Thailand (X units), India (X units), Vietnam (X units) and Malaysia (X units) - together made up X% of total exports.

From 2012 to 2021, average annual rates of growth with regard to electrical circuit apparatus exports from China stood at X%. At the same time, Vietnam (X%), Thailand (X%), Singapore (X%), Taiwan (Chinese) (X%), Hong Kong SAR (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2021. India and Japan experienced a relatively flat trend pattern. By contrast, Malaysia (X%) illustrated a downward trend over the same period. China (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia and Japan saw its share reduced by X% and X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electrical circuit apparatus supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

In China, electrical circuit apparatus exports increased at an average annual rate of X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Japan (X% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced more modest paces of growth.

Electrical Circuit Apparatus Imports

Imports in Asia-Pacific

In 2021, purchases abroad of electrical apparatus for circuit connection, switching and protection was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, South Korea (X units), Hong Kong SAR (X units), China (X units), Japan (X units), Malaysia (X units), Singapore (X units), Indonesia (X units), Thailand (X units), India (X units), Vietnam (X units), the Philippines (X units) and Taiwan (Chinese) (X units) represented the largest importer of electrical apparatus for circuit connection, switching and protection in Asia-Pacific, constituting X% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Japan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

In terms of the main importing countries, Vietnam, with a CAGR of X%, recorded 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 Asia-Pacific stood at $X per unit in 2021, surging by X% against the previous year. Over the last nine years, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, 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.

Source: IndexBox Platform

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