South-Eastern Asia: Electrical Circuit Apparatus Market 2024

Electrical Circuit Apparatus Market Size in South-Eastern Asia

The Southeast Asian electrical circuit apparatus market was estimated at $X in 2021, approximately equating the previous year. The market 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. 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 South-Eastern Asia

In value terms, electrical circuit apparatus production rose slightly to $X in 2021 estimated in export price. The total production indicated a buoyant expansion 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, production decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Electrical Circuit Apparatus Exports

Exports in South-Eastern Asia

After two years of decline, shipments abroad of electrical apparatus for circuit connection, switching and protection increased by X% to X units in 2021. The total export volume increased at an average annual rate of X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus exports reached $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 remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

Exports by Country

In 2021, Singapore (X units), Thailand (X units), Vietnam (X units), Malaysia (X units), the Philippines (X units) and Indonesia (X units) was the main exporter of electrical apparatus for circuit connection, switching and protection in South-Eastern Asia, making up X% of total export.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical circuit apparatus supplying countries in South-Eastern Asia were Singapore ($X), Thailand ($X) and Malaysia ($X), together comprising X% of total exports. Vietnam, the Philippines and Indonesia lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2021, falling by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of X%. The level of export peaked at $X per unit in 2020, and then contracted markedly in the following year.

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 the Philippines ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced mixed trends in the export price figures.

Electrical Circuit Apparatus Imports

Imports in South-Eastern Asia

In 2021, approx. X units of electrical apparatus for circuit connection, switching and protection were imported in South-Eastern Asia; picking up by X% compared with the previous year's figure. The total import 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 throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, electrical circuit apparatus imports surged to $X in 2021. The total import 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, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of electrical circuit apparatus imports in 2021 were Malaysia (X units), Singapore (X units), Indonesia (X units), Thailand (X units), Vietnam (X units) and the Philippines (X units), together resulting at X% of total import. Cambodia (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cambodia (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 South-Eastern Asia were Vietnam ($X), Singapore ($X) and Thailand ($X), with a combined X% share of total imports. Malaysia, Indonesia, the Philippines and Cambodia lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Cambodia, 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 South-Eastern Asia stood at $X per unit in 2021, growing by X% against the previous year. In general, the import price saw a relatively flat trend pattern. 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 Vietnam ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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