South-Eastern Asia: Remote Control Apparatus Market 2024

Remote Control Apparatus Market Size in South-Eastern Asia

In 2022, the Southeast Asian remote control apparatus market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, 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 South-Eastern Asia

In value terms, remote control apparatus production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

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Remote Control Apparatus Exports

Exports in South-Eastern Asia

In 2022, the amount of radio remote control apparatus exported in South-Eastern Asia surged to X units, increasing by X% on the previous year. In general, exports, however, recorded a drastic downturn. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, remote control apparatus exports expanded significantly to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand was the major exporting country with an export of about X units, which amounted to X% of total exports. Singapore (X units) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (X%), Malaysia (X%) and Indonesia (X%). The Philippines (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to remote control apparatus exports from Thailand stood at X%. At the same time, Vietnam (X%) and Singapore (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. By contrast, Malaysia (X%), the Philippines (X%) and Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand, Vietnam and Singapore increased by X, X and X percentage points, respectively.

In value terms, Thailand ($X) remains the largest remote control apparatus supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by Vietnam, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Thailand totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2019; however, 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 the Philippines ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

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

Remote Control Apparatus Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of radio remote control apparatus increased by X% to X units, rising for the second year in a row after three years of decline. Overall, imports posted a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, remote control apparatus imports soared to $X in 2022. In general, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Indonesia (X units) was the key importer of radio remote control apparatus, mixing up X% of total imports. Malaysia (X units) ranks second in terms of the total imports with a X% share, followed by Vietnam (X%), Singapore (X%) and Thailand (X%). The Philippines (X units) followed a long way behind the leaders.

Imports into Indonesia increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), Singapore (X%), Malaysia (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia and Vietnam increased by X and X percentage points, respectively.

In value terms, the largest remote control apparatus importing markets in South-Eastern Asia were Malaysia ($X), Vietnam ($X) and Indonesia ($X), together comprising X% of total imports.

Vietnam, 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 more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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