Southern Asia: Electrical Circuit Apparatus Market 2024

Electrical Circuit Apparatus Market Size in Southern Asia

The South Asian electrical circuit apparatus market stood at $X in 2021, remaining constant against the previous year. The total consumption indicated a resilient increase 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 increased by X% against 2013 indices. The level of consumption peaked in 2021 and is likely to see steady growth in the near future.

Electrical Circuit Apparatus Production in Southern Asia

In value terms, electrical circuit apparatus production contracted slightly to $X in 2021 estimated in export price. In general, production, however, continues to indicate buoyant growth. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then dropped modestly in the following year.

Electrical Circuit Apparatus Exports

Exports in Southern Asia

In 2021, overseas shipments of electrical apparatus for circuit connection, switching and protection decreased by X% to X units, falling for the second year in a row after two years of growth. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, electrical circuit apparatus exports stood at $X in 2021. The total export value increased at an average annual rate of X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India (X units) represented roughly X% of total exports in 2021.

India experienced a relatively flat trend pattern with regard to volume of exports of electrical apparatus for circuit connection, switching and protection. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest electrical circuit apparatus supplier in Southern Asia.

In India, electrical circuit apparatus exports expanded at an average annual rate of X% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2021, increasing by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum in 2021 and is likely to continue growth in the near future.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to X% per year.

Electrical Circuit Apparatus Imports

Imports in Southern Asia

In 2021, overseas purchases of electrical apparatus for circuit connection, switching and protection were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, electrical circuit apparatus imports soared to $X in 2021. Total imports indicated prominent growth 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X units) was the largest importer of electrical apparatus for circuit connection, switching and protection, constituting X% of total imports. Bangladesh (X units) ranks second in terms of the total imports with a X% share, followed by Pakistan (X%) and Sri Lanka (X%). Nepal (X units) followed a long way behind the leaders.

India experienced a relatively flat trend pattern with regard to volume of imports of electrical apparatus for circuit connection, switching and protection. At the same time, Bangladesh (X%), Sri Lanka (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2021. Nepal experienced a relatively flat trend pattern. From 2012 to 2021, the share of Bangladesh increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported electrical apparatus for circuit connection, switching and protection in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

In India, electrical circuit apparatus imports expanded at an average annual rate of X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and Bangladesh (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2021, increasing by X% against the previous year. Over the last nine years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, import prices attained the maximum in 2021 and is likely to see gradual growth in the near future.

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

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

Source: IndexBox Platform

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