Asia: Mounted Piezo-Electric Crystals Market 2024

Mounted Piezo-Electric Crystals Market Size in Asia

In 2023, the Asian mounted piezo-electric crystals market was finally on the rise to reach $X for the first time since 2020, thus ending a two-year declining trend. Overall, consumption recorded prominent growth. As a result, consumption reached the peak level of $X. From 2021 to 2023, the growth of the market remained at a somewhat lower figure.

Mounted Piezo-Electric Crystals Production in Asia

In value terms, mounted piezo-electric crystals production expanded slightly to $X in 2023 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Mounted Piezo-Electric Crystals Exports

Exports in Asia

In 2023, shipments abroad of mounted piezo-electric crystals decreased by X% to X units, falling for the second consecutive year after ten years of growth. Total exports indicated pronounced growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The volume of export peaked at X units in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, mounted piezo-electric crystals exports declined sharply to $X in 2023. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, China (X units), Hong Kong SAR (X units) and Japan (X units) represented the main exporter of mounted piezo-electric crystals in Asia, comprising X% of total export. Taiwan (Chinese) (X units) held the next position in the ranking, followed by Singapore (X units). All these countries together took approx. X% share of total exports. The following exporters - Malaysia (X units) and Thailand (X units) - each finished at a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Hong Kong SAR (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Hong Kong SAR ($X) and Japan ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Taiwan (Chinese), Singapore, Malaysia and Thailand lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Taiwan (Chinese), with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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 Asia stood at $X per unit in 2023, waning by X% against the previous year. Overall, the export price showed a noticeable reduction. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced a decline in the export price figures.

Mounted Piezo-Electric Crystals Imports

Imports in Asia

In 2023, purchases abroad of mounted piezo-electric crystals decreased by X% to X units, falling for the second year in a row after ten years of growth. Total imports indicated a prominent increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2016 when imports increased by X%. The volume of import peaked at X units in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, mounted piezo-electric crystals imports reduced to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

China was the largest importer of mounted piezo-electric crystals in Asia, with the volume of imports recording X units, which was approx. X% of total imports in 2023. It was distantly followed by Hong Kong SAR (X units), Taiwan (Chinese) (X units), South Korea (X units) and Vietnam (X units), together mixing up a X% share of total imports. Japan (X units), Singapore (X units) and India (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to mounted piezo-electric crystals imports into China stood at X%. At the same time, Vietnam (X%), India (X%), South Korea (X%), Taiwan (Chinese) (X%) and Hong Kong SAR (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2023. Singapore experienced a relatively flat trend pattern. By contrast, Japan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), Taiwan (Chinese) (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Singapore (X p.p.), Hong Kong SAR (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported mounted piezo-electric crystals in Asia, comprising X% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in China amounted to X%. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2023, declining by X% against the previous year. In general, the import price recorded a pronounced contraction. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was South Korea ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform