Eastern Asia: Electrical Circuit Apparatus Market 2024

Electrical Circuit Apparatus Market Size in Eastern Asia

In 2021, after seven years of growth, there was significant decline in the East Asian electrical circuit apparatus market, when its value decreased by X% to $X. 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 throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020, and then contracted in the following year.

Electrical Circuit Apparatus Production in Eastern Asia

In value terms, electrical circuit apparatus production dropped to $X in 2021 estimated in export price. The total production indicated strong 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 increased by X% against 2012 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. The level of production peaked at $X in 2020, and then declined in the following year.

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Electrical Circuit Apparatus Exports

Exports in Eastern Asia

In 2021, electrical circuit apparatus exports in Eastern Asia skyrocketed to X units, with an increase of X% compared with the year before. 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 reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus exports soared to $X in 2021. The total export value increased at an average annual rate of X% from 2012 to 2021; however, the trend pattern indicated some noticeable 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.

Exports by Country

China represented the largest exporter of electrical apparatus for circuit connection, switching and protection in Eastern Asia, with the volume of exports accounting for X units, which was approx. X% of total exports in 2021. Hong Kong SAR (X units) held the second position in the ranking, followed by Japan (X units) and South Korea (X units). All these countries together took near X% share of total exports. Taiwan (Chinese) (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the electrical apparatus for circuit connection, switching and protection exports, with a CAGR of X% from 2012 to 2021. At the same time, Taiwan (Chinese) (X%), Hong Kong SAR (X%) and South Korea (X%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. From 2012 to 2021, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electrical circuit apparatus supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Japan, with an X% share.

In China, electrical circuit apparatus exports expanded at an average annual rate of X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Japan (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2021, picking up by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

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

Electrical Circuit Apparatus Imports

Imports in Eastern Asia

In 2021, purchases abroad of electrical apparatus for circuit connection, switching and protection increased by X% to X units, rising for the second year in a row after two years of decline. The total import volume 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 in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus imports soared to $X in 2021. The total import value increased at an average annual rate of X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached 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) and Japan (X units), together recording X% of total import. Taiwan (Chinese) (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest electrical circuit apparatus importing markets in Eastern Asia were China ($X), Hong Kong SAR ($X) and Japan ($X), together comprising X% of total imports. South Korea and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

Taiwan (Chinese), with a CAGR of X%, recorded 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 2021, the import price in Eastern Asia amounted to $X per unit, growing by X% against the previous year. Over the last nine years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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