Southern Asia: Market for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V 2024

Market Size for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V in Southern Asia

The South Asian electrical board and console market dropped modestly to $X in 2022, reducing by X% against the previous year. The total consumption indicated a resilient 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, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2021, and then reduced in the following year.

Production of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding X V in Southern Asia

In value terms, electrical board and console production rose modestly to $X in 2022 estimated in export price. The total production indicated resilient 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Exports in Southern Asia

In 2022, shipments abroad of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, electrical board and console exports reached $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, India (X units) was the major exporter of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v in Southern Asia, comprising X% of total export.

India experienced a relatively flat trend pattern with regard to volume of exports of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest electrical board and console supplier in Southern Asia.

In India, electrical board and console exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, dropping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, the export price attained the peak level of $X per unit, and then dropped in the following year.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Imports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Imports in Southern Asia

In 2022, electrical board and console imports in Southern Asia dropped to X units, shrinking by X% compared with 2021 figures. Overall, imports, however, posted a resilient expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, electrical board and console imports contracted remarkably to $X in 2022. In general, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Bangladesh (X units) and India (X units) represented roughly X% of total imports in 2022. Pakistan (X units) held the next position in the ranking, followed by Maldives (X units). All these countries together took approx. X% share of total imports. Nepal (X units), Sri Lanka (X units) and Afghanistan (X units) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Maldives (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical board and console importing markets in Southern Asia were Bangladesh ($X), India ($X) and Pakistan ($X), together accounting for X% of total imports. Nepal, Sri Lanka, Maldives and Afghanistan lagged somewhat behind, together accounting for a further X%.

Maldives, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 Southern Asia stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the import price showed a slight downturn. The most prominent rate of growth was recorded in 2013 an increase of X%. The level of import peaked at $X per unit in 2014; however, from 2015 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 Pakistan ($X per unit), while Maldives ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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