Southern Asia: Market for Instrument Panel And Wall Clocks 2024

Market Size for Instrument Panel And Wall Clocks in Southern Asia

In 2020, after five years of growth, there was significant decline in the South Asian market for instrument panel and wall clocks, when its value decreased by X% to $X. Overall, consumption, however, showed a prominent expansion. The level of consumption peaked at $X in 2019, and then fell in the following year.

Production of Instrument Panel And Wall Clocks in Southern Asia

In value terms, instrument panel and wall clock production expanded sharply to $X in 2020 estimated in export price. Over the period under review, production showed strong growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. The level of production peaked in 2020 and is expected to retain growth in the near future.

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Exports of Instrument Panel And Wall Clocks

Exports in Southern Asia

In 2020, after four years of decline, there was significant growth in overseas shipments of instrument panel and wall clocks, when their volume increased by X% to X units. In general, exports, however, recorded a drastic downturn. The volume of export peaked at X units in 2015; however, from 2016 to 2020, the exports stood at a somewhat lower figure.

In value terms, instrument panel and wall clock exports shrank slightly to $X in 2020. Overall, exports, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2020, the growth of the exports failed to regain momentum.

Exports by Country

India represented the main exporter of instrument panel and wall clocks in Southern Asia, with the volume of exports accounting for X units, which was approx. X% of total exports in 2020. It was distantly followed by Bangladesh (X units), achieving a X% share of total exports.

Exports from India decreased at an average annual rate of X% from 2012 to 2020. At the same time, Bangladesh (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2020. Bangladesh (X p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by X% from 2012 to 2020, respectively.

In value terms, India ($X) remains the largest instrument panel and wall clock supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total exports.

In India, instrument panel and wall clock exports decreased by an average annual rate of X% over the period from 2012-2020.

Export Prices by Country

In 2020, the export price in Southern Asia amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price, however, showed buoyant growth. The growth pace was the most rapid in 2018 an increase of X%. The level of export peaked at $X per unit in 2019, and then dropped notably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2020, amid the top suppliers, the country with the highest price was India ($X per unit), while Bangladesh stood at $X per unit.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by India (X%).

Imports of Instrument Panel And Wall Clocks

Imports in Southern Asia

In 2020, purchases abroad of instrument panel and wall clocks decreased by X% to X units, falling for the second year in a row after three years of growth. Overall, imports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports reached the peak of X units. From 2019 to 2020, the growth of imports failed to regain momentum.

In value terms, instrument panel and wall clock imports fell notably to $X in 2020. In general, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2020, imports failed to regain momentum.

Imports by Country

India was the major importing country with an import of about X units, which recorded X% of total imports. Bangladesh (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Sri Lanka (X%). Nepal (X units) and Afghanistan (X units) took a relatively small share of total imports.

From 2012 to 2020, average annual rates of growth with regard to instrument panel and wall clock imports into India stood at X%. At the same time, Bangladesh (X%) and Nepal (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2020. By contrast, Sri Lanka (X%) and Afghanistan (X%) illustrated a downward trend over the same period. While the share of Bangladesh (X p.p.) and Nepal (X p.p.) increased significantly in terms of the total imports from 2012-2020, the share of Afghanistan (X p.p.) and India (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest instrument panel and wall clock importing markets in Southern Asia were India ($X), Bangladesh ($X) and Sri Lanka ($X), together accounting for X% of total imports.

Bangladesh, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2020, rising by X% against the previous year. In general, the import price, however, continues to indicate a pronounced descent. The pace of growth was the most pronounced in 2014 when the import price increased by X%. The level of import peaked at $X per unit in 2016; however, from 2017 to 2020, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2020, amid the top importers, the country with the highest price was Bangladesh ($X per unit), while Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Afghanistan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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