Eastern Asia: Electrical Signalling Apparatus Market 2024

Electrical Signalling Apparatus Market Size in Eastern Asia

The East Asian electrical signalling apparatus market dropped to $X in 2022, falling by X% against the previous year. In general, consumption recorded a perceptible slump. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Electrical Signalling Apparatus Production in Eastern Asia

In value terms, electrical signalling apparatus production declined modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 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 Eastern Asia

In 2022, after four years of growth, there was significant decline in shipments abroad of electrical apparatus for sound or visual signalling, when their volume decreased by X% to X units. 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 throughout the analyzed period. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure at X units in 2021, and then contracted in the following year.

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

Exports by Country

China was the largest exporter of electrical apparatus for sound or visual signalling in Eastern Asia, with the volume of exports resulting at X units, which was approx. X% of total exports in 2022. It was distantly followed by Hong Kong SAR (X units), constituting a X% share of total exports.

China 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. Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hong Kong SAR (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest electrical signalling apparatus supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports.

In China, electrical signalling apparatus exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, increasing by X% against the previous year. Overall, the export price posted resilient growth. 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 China ($X per unit), while Hong Kong SAR stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Electrical Signalling Apparatus Imports

Imports in Eastern Asia

In 2022, approx. X units of electrical apparatus for sound or visual signalling were imported in Eastern Asia; waning by X% on the previous year's figure. Overall, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, electrical signalling apparatus imports fell remarkably to $X in 2022. In general, imports continue to indicate a slight decline. The growth pace was the most rapid in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

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 Eastern Asia, together achieving X% of total imports. Japan (X units) held the next position in the ranking, followed by Taiwan (Chinese) (X units) and South Korea (X units). All these countries together held approx. X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (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 Eastern Asia were China ($X), Japan ($X) and South Korea ($X), with a combined X% share of total imports.

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per unit in 2017; afterwards, it flattened through to 2022.

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

Source: IndexBox Platform

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