South-Eastern Asia: Market for Electrical Boards, Panels, Consoles, Desks and Cabinets 2024

Market Size for Electrical Boards, Panels, Consoles, Desks and Cabinets in South-Eastern Asia

In 2022, the Southeast Asian market for electrical boards, panels, consoles, desks and cabinets increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2022.

Production of Electrical Boards, Panels, Consoles, Desks and Cabinets in South-Eastern Asia

In value terms, electric board, desk and panel production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

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Exports of Electrical Boards, Panels, Consoles, Desks and Cabinets

Exports in South-Eastern Asia

After two years of growth, shipments abroad of electrical boards, panels, consoles, desks and cabinets decreased by X% to X units in 2022. Over the period under review, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The volume of export peaked at X units in 2021, and then declined sharply in the following year.

In value terms, electric board, desk and panel exports fell significantly to $X in 2022. In general, exports, however, recorded tangible growth. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then declined remarkably in the following year.

Exports by Country

Thailand represented the key exporting country with an export of around X units, which reached X% of total exports. Singapore (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (X%) and Malaysia (X%).

From 2012 to 2022, average annual rates of growth with regard to electric board, desk and panel exports from Thailand stood at X%. At the same time, Vietnam (X%), Singapore (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. While the share of Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.) and Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electric board, desk and panel supplying countries in South-Eastern Asia were Singapore ($X), Thailand ($X) and Vietnam ($X), together comprising X% of total exports.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, declining by X% against the previous year. Overall, the export price showed a slight setback. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the export prices remained at a lower figure.

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 Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

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

Imports of Electrical Boards, Panels, Consoles, Desks and Cabinets

Imports in South-Eastern Asia

In 2022, imports of electrical boards, panels, consoles, desks and cabinets in South-Eastern Asia was estimated at X units, rising by X% compared with the previous year's figure. Total imports indicated a notable increase from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by X%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, electric board, desk and panel imports totaled $X in 2022. Total imports indicated buoyant growth 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, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Vietnam (X units), Malaysia (X units) and Singapore (X units) was the largest importer of electrical boards, panels, consoles, desks and cabinets in South-Eastern Asia, generating X% of total import. Indonesia (X units) ranks next in terms of the total imports with a X% share, followed by Thailand (X%) and the Philippines (X%). Cambodia (X units) followed a long way behind the leaders.

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

In value terms, Malaysia ($X), Vietnam ($X) and Singapore ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Thailand, Indonesia, the Philippines and Cambodia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Cambodia, 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

The import price in South-Eastern Asia stood at $X per unit in 2022, 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 pace of growth was the most pronounced in 2015 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady 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 Thailand ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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