Eastern Asia: Electrical Signalling Apparatus Market 2024

Electrical Signalling Apparatus Market Size in Eastern Asia

In 2023, the East Asian electrical signalling apparatus market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Electrical Signalling Apparatus Production in Eastern Asia

In value terms, electrical signalling apparatus production rose slightly to $X in 2023 estimated in export price. Overall, production, however, saw a mild contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Electrical Signalling Apparatus Exports

Exports in Eastern Asia

In 2023, overseas shipments of electrical apparatus for sound or visual signalling increased by X% to X units, rising for the fifth consecutive year after three years of decline. Over the period under review, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2023 and are likely to continue growth in the near future.

In value terms, electrical signalling apparatus exports rose sharply to $X in 2023. In general, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in the immediate term.

Exports by Country

China prevails in exports structure, resulting at X units, which was approx. X% of total exports in 2023. The following exporters - Hong Kong SAR (X units) and Taiwan (Chinese) (X units) - each recorded a X% share of total exports.

China was also the fastest-growing in terms of the electrical apparatus for sound or visual signalling exports, with a CAGR of X% from 2012 to 2023. Taiwan (Chinese) experienced a relatively flat trend pattern. Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China increased by X percentage points.

In value terms, China ($X) remains the largest electrical signalling apparatus supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports.

In China, electrical signalling apparatus exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2023, reducing by X% against the previous year. Overall, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 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 China ($X per unit), while Hong Kong SAR ($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.

Electrical Signalling Apparatus Imports

Imports in Eastern Asia

In 2023, supplies from abroad of electrical apparatus for sound or visual signalling decreased by X% to X units, falling for the second consecutive year after two years of growth. Total imports indicated a pronounced expansion 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 pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, electrical signalling apparatus imports declined to $X in 2023. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2023, the growth of imports failed to regain momentum.

Imports by Country

China represented the major importing country with an import of around X units, which resulted at X% of total imports. Japan (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (X%), Taiwan (Chinese) (X%) and Hong Kong SAR (X%).

China was also the fastest-growing in terms of the electrical apparatus for sound or visual signalling imports, with a CAGR of X% from 2012 to 2023. At the same time, South Korea (X%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China and South Korea increased by X and X percentage points, respectively.

In value terms, Japan ($X), China ($X) and South Korea ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

South Korea, 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

In 2023, the import price in Eastern Asia amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the import price showed a perceptible slump. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2023, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per unit), while Hong Kong SAR ($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 import price figures.

Source: IndexBox Platform