ASEAN: Remote Control Apparatus Market 2024

Remote Control Apparatus Market Size in ASEAN

In 2022, the ASEAN remote control apparatus market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption showed resilient growth. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Remote Control Apparatus Production in ASEAN

In value terms, remote control apparatus production shrank slightly to $X in 2022 estimated in export price. In general, production, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Remote Control Apparatus Exports

Exports in ASEAN

Remote control apparatus exports skyrocketed to X units in 2022, increasing by X% on the previous year's figure. Over the period under review, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, remote control apparatus exports rose rapidly to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand was the major exporting country with an export of around X units, which finished at X% of total exports. Singapore (X units) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (X%), Malaysia (X%) and Indonesia (X%). The Philippines (X units) followed a long way behind the leaders.

Exports from Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%), the Philippines (X%) and Indonesia (X%) illustrated a downward trend over the same period. Thailand (X p.p.), Vietnam (X p.p.) and Singapore (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia, the Philippines and Indonesia saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Thailand ($X) remains the largest remote control apparatus supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by Vietnam, with an X% share.

In Thailand, remote control apparatus exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the export price, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

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

Remote Control Apparatus Imports

Imports in ASEAN

In 2022, purchases abroad of radio remote control apparatus increased by X% to X units, rising for the second consecutive year after three years of decline. In general, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, remote control apparatus imports skyrocketed to $X in 2022. Overall, imports saw prominent growth. The pace of growth was the most pronounced in 2017 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Indonesia represented the key importing country with an import of about X units, which recorded X% of total imports. It was distantly followed by Malaysia (X units), Vietnam (X units), Singapore (X units) and Thailand (X units), together mixing up a X% share of total imports. The Philippines (X units) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to remote control apparatus imports into Indonesia stood at X%. At the same time, Vietnam (X%), Singapore (X%), Malaysia (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia and Vietnam increased by X and X percentage points, respectively.

In value terms, Malaysia ($X), Vietnam ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Among 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

In 2022, the import price in ASEAN amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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