Asia: Electrical Circuit Apparatus Market 2024

Electrical Circuit Apparatus Market Size in Asia

In 2021, the Asian electrical circuit apparatus market decreased by X% to $X, falling for the second consecutive year after eight years of growth. 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. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Electrical Circuit Apparatus Production in Asia

In value terms, electrical circuit apparatus production amounted to $X in 2021 estimated in export price. The total production indicated prominent 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, production decreased by X% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Electrical Circuit Apparatus Exports

Exports in Asia

In 2021, approx. X units of electrical apparatus for circuit connection, switching and protection were exported in Asia; jumping by X% against 2020. 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 attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus exports skyrocketed 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, finishing at X units, which was approx. X% of total exports in 2021. Hong Kong SAR (X units) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Japan (X%). South Korea (X units), Singapore (X units), Turkey (X units), Taiwan (Chinese) (X units), Thailand (X units), India (X units), Vietnam (X units), the United Arab Emirates (X units) and Malaysia (X units) held a little share 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%), the United Arab Emirates (X%), Thailand (X%), Singapore (X%), Taiwan (Chinese) (X%), Turkey (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, 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. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Malaysia (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electrical circuit apparatus supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports. 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. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and Japan (X% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, approximately equating the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, the export prices attained the maximum in 2021 and is likely to continue growth in the near future.

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

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

Electrical Circuit Apparatus Imports

Imports in Asia

In 2021, purchases abroad of electrical apparatus for circuit connection, switching and protection was finally on the rise to reach X units after three years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. 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 throughout the analyzed period. 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 South Korea (X units), Hong Kong SAR (X units), China (X units), Japan (X units), Malaysia (X units), Singapore (X units), Saudi Arabia (X units), Indonesia (X units), Thailand (X units), India (X units), Turkey (X units) and the United Arab Emirates (X units), together reaching X% of total import.

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

In value terms, the largest electrical circuit apparatus importing markets in Asia were China ($X), Hong Kong SAR ($X) and Japan ($X), together comprising X% of total imports. Singapore, South Korea, Thailand, Malaysia, India, Turkey, Indonesia, the United Arab Emirates and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, India, 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 stood at $X per unit in 2021, growing by X% against the previous year. Over the period from 2012 to 2021, 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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