Eastern Asia: Market for Wiring sets used in vehicles, aircraft or ships 2024

Market Size for Wiring sets used in vehicles, aircraft or ships in Eastern Asia

The East Asian market for wiring sets used in vehicles, aircraft or ships stood at $X in 2022, with an increase of X% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Wiring sets used in vehicles, aircraft or ships in Eastern Asia

In value terms, production of wiring sets used in vehicles, aircraft or ships expanded slightly to $X in 2022 estimated in export price. The total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production of reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Exports of Wiring sets used in vehicles, aircraft or ships

Exports in Eastern Asia

In 2022, overseas shipments of wiring sets used in vehicles, aircraft or ships increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, showed a noticeable contraction. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of wiring sets used in vehicles, aircraft or ships expanded modestly to $X in 2022. In general, exports, however, saw a slight downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

China was the main exporter of wiring sets used in vehicles, aircraft or ships in Eastern Asia, with the volume of exports recording X tons, which was near X% of total exports in 2022. It was distantly followed by South Korea (X tons), mixing up a X% share of total exports. Japan (X tons) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of X% from 2012 to 2022. Japan experienced a relatively flat trend pattern. South Korea (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 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 ($X) remains the largest wiring sets used in vehicles, aircraft or ships supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports.

In China, exports of wiring sets used in vehicles, aircraft or ships decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Japan (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, increasing by 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 2016 an increase of X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports in Eastern Asia

In 2022, approx. X tons of wiring sets used in vehicles, aircraft or ships were imported in Eastern Asia; increasing by X% on 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports of reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of wiring sets used in vehicles, aircraft or ships amounted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

Japan represented the main importer of wiring sets used in vehicles, aircraft or ships in Eastern Asia, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. South Korea (X tons) ranks second in terms of the total imports with a X% share, followed by China (X%). Taiwan (Chinese) (X tons) took a minor share of total imports.

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

In value terms, Japan ($X), South Korea ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Among the main importing countries, China, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 Eastern Asia amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

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 ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, 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.

Source: IndexBox Platform

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