Asia-Pacific: Remote Control Apparatus Market 2024

Remote Control Apparatus Market Size in Asia-Pacific

In 2022, the Asia-Pacific remote control apparatus market increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption showed a prominent increase. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Remote Control Apparatus Production in Asia-Pacific

In value terms, remote control apparatus production declined slightly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

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Remote Control Apparatus Exports

Exports in Asia-Pacific

In 2022, shipments abroad of radio remote control apparatus increased by X% to X units, rising for the fourth consecutive year after two years of decline. In general, exports showed a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, remote control apparatus exports expanded markedly to $X in 2022. Over the period under review, exports recorded a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2020; afterwards, it flattened through to 2022.

Exports by Country

China dominates exports structure, amounting to X units, which was approx. X% of total exports in 2022. It was distantly followed by South Korea (X units), Hong Kong SAR (X units) and Taiwan (Chinese) (X units), together constituting an X% share of total exports. The following exporters - Thailand (X units) and Japan (X units) - each reached a X% share of total exports.

China was also the fastest-growing in terms of the radio remote control apparatus exports, with a CAGR of X% from 2012 to 2022. At the same time, Thailand (X%), Taiwan (Chinese) (X%) and South Korea (X%) displayed positive paces of growth. By contrast, Hong Kong SAR (X%) and Japan (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 2012-2022, the share of Taiwan (Chinese) (X p.p.), Japan (X p.p.), South Korea (X p.p.) and Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest remote control apparatus supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with an X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, rising by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. Over the period under review, the export prices reached 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 Japan ($X per unit), while South Korea ($X per unit) was amongst the lowest.

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

Remote Control Apparatus Imports

Imports in Asia-Pacific

In 2022, supplies from abroad of radio remote control apparatus increased by X% to X units, rising for the second consecutive year after three years of decline. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, remote control apparatus imports shrank modestly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then contracted slightly in the following year.

Imports by Country

China (X units), Indonesia (X units), Japan (X units), South Korea (X units), Hong Kong SAR (X units) and Australia (X units) represented roughly X% of total imports in 2022. Malaysia (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Hong Kong SAR ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. South Korea, Australia, Malaysia, Vietnam and Indonesia lagged somewhat behind, together comprising a further X%.

Vietnam, 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

The import price in Asia-Pacific stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2021, and then contracted in the following year.

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

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

Source: IndexBox Platform

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