Eastern Asia: Remote Control Apparatus Market 2024

Remote Control Apparatus Market Size in Eastern Asia

In 2022, after three years of decline, there was growth in the East Asian remote control apparatus market, when its value increased by X% to $X. Over the period under review, consumption posted a resilient 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 Eastern Asia

In value terms, remote control apparatus production amounted to $X in 2022 estimated in export price. In general, production recorded a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

Remote Control Apparatus Exports

Exports in Eastern Asia

In 2022, shipments abroad of radio remote control apparatus increased by X% to X units, rising for the fourth year in a row after two years of decline. In general, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, remote control apparatus exports stood at $X in 2022. Over the period under review, exports saw a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

China dominates exports structure, reaching X units, which was near X% of total exports in 2022. South Korea (X units) held the second position in the ranking, followed by Hong Kong SAR (X units) and Taiwan (Chinese) (X units). All these countries together held near X% share of total exports. Japan (X units) took a relatively small 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, 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. China (X p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese), Japan, South Korea and Hong Kong SAR saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively.

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

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, increasing by X% against the previous year. In general, the export price, however, continues to indicate a noticeable reduction. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The level of export peaked 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 Eastern Asia

Remote control apparatus imports declined to X units in 2022, which is down by X% compared with 2021 figures. Overall, imports saw a mild reduction. The growth pace was the most rapid in 2017 when imports increased by 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 dropped to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The purchases of the four major importers of radio remote control apparatus, namely China, Japan, South Korea and Hong Kong SAR, represented more than two-thirds of total import. It was distantly followed by Taiwan (Chinese) (X units), generating a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

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

South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, reducing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the 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 Hong Kong SAR ($X per unit), while Taiwan (Chinese) ($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.

Source: IndexBox Platform

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