Asia-Pacific: Market for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V 2024

Market Size for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V in Asia-Pacific

After seven years of growth, the Asia-Pacific electrical board and console market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2021, and then dropped in the following year.

Production of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding X V in Asia-Pacific

In value terms, electrical board and console production amounted to $X in 2022 estimated in export price. The total output value 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 in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Exports in Asia-Pacific

In 2022, approx. X units of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v were exported in Asia-Pacific; increasing by X% on 2021. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical board and console exports rose notably to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; afterwards, it flattened through to 2022.

Exports by Country

China dominates exports structure, recording X units, which was approx. X% of total exports in 2022. It was distantly followed by the Philippines (X units) and South Korea (X units), together creating an X% share of total exports. The following exporters - India (X units), Malaysia (X units), Thailand (X units) and Indonesia (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to electrical board and console exports from China stood at X%. At the same time, the Philippines (X%) and Thailand (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. Malaysia and India experienced a relatively flat trend pattern. By contrast, Indonesia (X%) and South Korea (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and the Philippines (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (X p.p.), Indonesia (X p.p.) and South Korea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electrical board and console supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by the Philippines, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and the Philippines (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, reducing by X% against the previous year. Overall, the export price recorded a slight shrinkage. The pace of growth appeared the most rapid in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 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 Thailand ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

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

Imports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Imports in Asia-Pacific

In 2022, approx. X units of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v were imported in Asia-Pacific; reducing by X% compared with 2021 figures. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, electrical board and console imports shrank to $X in 2022. Overall, imports showed a pronounced reduction. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Indonesia (X units), distantly followed by Australia (X units), the Philippines (X units), Singapore (X units), Thailand (X units), China (X units), Bangladesh (X units), Malaysia (X units) and Vietnam (X units) were the main importers of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v, together committing X% of total imports. The following importers - Japan (X units), Taiwan (Chinese) (X units), India (X units) and Hong Kong SAR (X units) - each accounted for a X% share of total imports.

Indonesia experienced a relatively flat trend pattern with regard to volume of imports of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v. At the same time, Bangladesh (X%), Japan (X%), Taiwan (Chinese) (X%), the Philippines (X%), India (X%) and Hong Kong SAR (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Vietnam experienced a relatively flat trend pattern. By contrast, Malaysia (X%), Thailand (X%), China (X%), Australia (X%) and Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Philippines, Bangladesh, Japan and Taiwan (Chinese) increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Indonesia ($X) and Thailand ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Australia, Singapore, the Philippines, Taiwan (Chinese), Bangladesh, Vietnam, Malaysia, India, Hong Kong SAR and Japan lagged somewhat behind, together accounting for a further X%.

Bangladesh, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 Asia-Pacific amounted to $X per unit, reducing by X% against the previous year. Overall, the import price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 China ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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