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 Asia

The Asian electrical board and console market expanded significantly to $X in 2023, growing by X% against the previous year. The total consumption indicated a measured 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. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

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

In value terms, electrical board and console production reached $X in 2023 estimated in export price. The total production indicated a measured increase from 2012 to 2023: its value 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, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

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

Exports in Asia

For the third year in a row, Asia recorded growth in shipments abroad of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v, which increased by X% to X units in 2023. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The volume of export peaked in 2023 and is expected to retain growth in years to come.

In value terms, electrical board and console exports amounted to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the immediate term.

Exports by Country

China was the key exporter of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v in Asia, with the volume of exports recording X units, which was near X% of total exports in 2023. It was distantly followed by Turkey (X units), making up a X% share of total exports. India (X units), South Korea (X units), Malaysia (X units), Thailand (X units) and Indonesia (X units) held a relatively small share of total exports.

China was also the fastest-growing in terms of the boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v exports, with a CAGR of X% from 2012 to 2023. At the same time, Thailand (X%), Turkey (X%), Malaysia (X%) and India (X%) displayed positive paces of growth. By contrast, Indonesia (X%) and South Korea (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while India, Indonesia and South Korea saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electrical board and console supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

In China, electrical board and console exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2023, the export price in Asia amounted to $X per unit, declining by X% against the previous year. Overall, the export price recorded a mild contraction. The pace of growth appeared the most rapid in 2016 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

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

Imports in Asia

In 2023, purchases abroad of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v increased by X% to X units, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical board and console imports skyrocketed to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, Thailand (X units), distantly followed by Indonesia (X units), Vietnam (X units), the Philippines (X units), Iraq (X units) and Malaysia (X units) represented the largest importers of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v, together creating X% of total imports. The United Arab Emirates (X units), China (X units), Bangladesh (X units), Singapore (X units), South Korea (X units), Turkey (X units) and Taiwan (Chinese) (X units) followed a long way behind the leaders.

Thailand was also the fastest-growing in terms of the boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v imports, with a CAGR of X% from 2012 to 2023. At the same time, the Philippines (X%), Bangladesh (X%), Taiwan (Chinese) (X%), Vietnam (X%) and Malaysia (X%) displayed positive paces of growth. Turkey experienced a relatively flat trend pattern. By contrast, South Korea (X%), China (X%), Iraq (X%), Indonesia (X%), the United Arab Emirates (X%) and Singapore (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.), the Philippines (X p.p.), Vietnam (X p.p.) and Bangladesh (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of South Korea (X p.p.), China (X p.p.), Iraq (X p.p.), Singapore (X p.p.), the United Arab Emirates (X p.p.) and Indonesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v in Asia, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports. It was followed by the Philippines, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Thailand stood at X%. In the other countries, the average annual rates were as follows: China (X% per year) and the Philippines (X% per year).

Import Prices by Country

In 2023, the import price in Asia amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per unit in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

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 China ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform