ASEAN: Remote Control Apparatus Market 2025

Remote Control Apparatus Market Size in ASEAN

In 2021, after two years of growth, there was significant decline in the ASEAN remote control apparatus market, when its value decreased by -32.3% to $X. Overall, consumption showed a abrupt contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Remote Control Apparatus Production in ASEAN

In value terms, remote control apparatus production fell to $X in 2021 estimated in export price. Over the period under review, production showed a drastic downturn. The pace of growth appeared the most rapid in 2019 with an increase of 31%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Remote Control Apparatus Exports

Exports in ASEAN

In 2021, shipments abroad of radio remote control apparatus increased by 64% to X tons, rising for the fifth consecutive year after four years of decline. Over the period under review, exports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 90% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, remote control apparatus exports surged to $X in 2021. Overall, exports enjoyed a slight increase. The most prominent rate of growth was recorded in 2017 with an increase of 78%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

In 2021, Thailand (X tons) was the main exporter of radio remote control apparatus, generating 60% of total exports. Indonesia (X tons) held a 17% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (12%) and Vietnam (4.7%). The following exporters - Singapore (X tons) and the Philippines (X tons) - together made up 6.3% of total exports.

Thailand was also the fastest-growing in terms of the radio remote control apparatus exports, with a CAGR of +23.5% from 2012 to 2021. At the same time, Indonesia (+16.8%) and Vietnam (+10.9%) displayed positive paces of growth. By contrast, Singapore (-3.4%), Malaysia (-5.2%) and the Philippines (-18.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Thailand and Indonesia increased by +44 and +9.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Malaysia ($X) and Indonesia ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 70% of total exports. Vietnam, Singapore and the Philippines lagged somewhat behind, together comprising a further 30%.

Vietnam, with a CAGR of +22.1%, saw the highest growth rate of the value of exports, in terms of the main exporting countries 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 ASEAN stood at $X per ton in 2021, declining by -23.7% against the previous year. Over the period under review, the export price continues to indicate a perceptible decline. The growth pace was the most rapid in 2015 an increase of 13%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Philippines ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+17.0%), while the other leaders experienced more modest paces of growth.

Remote Control Apparatus Imports

Imports in ASEAN

In 2021, approx. X tons of radio remote control apparatus were imported in ASEAN; falling by -24.5% against 2020 figures. Total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -30.7% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 33%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, remote control apparatus imports fell dramatically to $X in 2021. In general, imports, however, recorded tangible growth. The pace of growth appeared the most rapid in 2018 with an increase of 43%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Indonesia (X tons), Thailand (X tons), Vietnam (X tons), Malaysia (X tons) and Singapore (X tons) represented roughly 97% of total imports in 2021. The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of +16.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest remote control apparatus importing markets in ASEAN were Indonesia ($X), Vietnam ($X) and Malaysia ($X), together accounting for 71% of total imports.

Indonesia, with a CAGR of +17.6%, saw 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 more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2021, approximately equating the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2019 when the import price increased by 24%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Indonesia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform