ASEAN: 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 ASEAN

The ASEAN electrical board and console market skyrocketed to $X in 2023, rising by X% against the previous year. Over the period under review, consumption recorded prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

In value terms, electrical board and console production rose modestly to $X in 2023 estimated in export price. The total production indicated buoyant growth 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 most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2021; afterwards, it flattened through to 2023.

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

Exports in ASEAN

In 2023, approx. X units of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v were exported in ASEAN; reducing by X% against the year before. Over the period under review, exports showed a pronounced contraction. The growth pace was the most rapid in 2019 when exports increased by X%. As a result, the exports attained the peak of X units. From 2020 to 2023, the growth of the exports remained at a lower figure.

In value terms, electrical board and console exports reduced sharply to $X in 2023. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2023, Malaysia (X units), distantly followed by Thailand (X units), Indonesia (X units), Singapore (X units) and Vietnam (X units) represented the key exporters of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v, together mixing up X% of total exports.

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

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

From 2012 to 2023, the average annual growth rate of value in Thailand amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Indonesia (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2023, with an increase of X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the export prices attained the peak figure in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Malaysia ($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 ASEAN

In 2023, supplies from 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 year in a row after two years of decline. Total imports 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, imports increased by X% against 2021 indices. As a result, imports attained 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. In general, imports saw resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Thailand represented the key importing country with an import of about X units, which accounted for X% of total imports. It was distantly followed by Indonesia (X units), Vietnam (X units), the Philippines (X units), Malaysia (X units) and Singapore (X units), together achieving a X% share of total imports. Lao People's Democratic Republic (X units) held a minor share of total imports.

Imports into Thailand increased at an average annual rate of X% from 2012 to 2023. At the same time, Lao People's Democratic Republic (X%), the Philippines (X%), Vietnam (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Indonesia (X%) and Singapore (X%) illustrated a downward trend over the same period. Thailand (X p.p.), the Philippines (X p.p.), Vietnam (X p.p.) and Lao People's Democratic Republic (X p.p.) significantly strengthened its position in terms of the total imports, while Malaysia, Singapore and Indonesia saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

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

In Thailand, electrical board and console imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: the Philippines (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per unit, growing by X% against the previous year. Import price indicated slight growth from 2012 to 2023: its price 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, electrical board and console import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform