Eastern Asia: Timer Market 2024

Timer Market Size in Eastern Asia

The East Asian timer market rose slightly to $X in 2022, surging by X% against the previous year. In general, consumption, however, saw a deep reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Timer Production in Eastern Asia

In value terms, timer production declined slightly to $X in 2022 estimated in export price. In general, production, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Timer Exports

Exports in Eastern Asia

Timer exports contracted to X units in 2022, with a decrease of X% on 2021 figures. Over the period under review, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2018 when exports increased by X%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, timer exports stood at $X in 2022. In general, exports saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China dominates exports structure, amounting to X units, which was near X% of total exports in 2022. It was distantly followed by Hong Kong SAR (X units), creating an X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to timer exports from China stood at X%. Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of Hong Kong SAR (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, surging by X% against the previous year. In general, the export price saw tangible growth. The growth pace was the most rapid in 2015 when the export price increased by X%. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while Hong Kong SAR totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Timer Imports

Imports in Eastern Asia

In 2022, approx. X units of timers were imported in Eastern Asia; shrinking by X% against the previous year's figure. In general, imports, however, showed a mild expansion. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, timer imports reduced rapidly to $X in 2022. Over the period under review, imports saw a pronounced decline. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Hong Kong SAR (X units) represented the key importer of timers, mixing up X% of total imports. It was distantly followed by Taiwan (Chinese) (X units), Japan (X units) and China (X units), together comprising a X% share of total imports.

Hong Kong SAR experienced a relatively flat trend pattern with regard to volume of imports of timers. At the same time, China (X%), Taiwan (Chinese) (X%) and Japan (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. China (X p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported timers in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Japan was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the import price, however, saw a pronounced decline. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Japan ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform