Asia: Market for Instrument Panel And Wall Clocks 2022

Market Size for Instrument Panel And Wall Clocks in Asia

In 2020, the Asian market for instrument panel and wall clocks increased by X% to $X, rising for the third consecutive year after two years of decline. In general, consumption enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X. from 2016 to 2020, the growth of the market remained at a somewhat lower figure.

Production of Instrument Panel And Wall Clocks in Asia

In value terms, instrument panel and wall clock production declined to $X in 2020 estimated in export prices. Over the period under review, production showed a pronounced setback. The pace of growth was the most pronounced in 2015 when the production volume increased by X% y-o-y. The level of production peaked at $X in 2008; however, from 2009 to 2020, production stood at a somewhat lower figure.

Production By Country in Asia

India (X tons) remains the largest instrument panel and wall clock producing country in Asia, comprising approx. X% of total volume. Moreover, instrument panel and wall clock production in India exceeded the figures recorded by the second-largest producer, China (X tons), twofold. Japan (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual growth rate of volume in India stood at +X%. The remaining producing countries recorded the following average annual rates of production growth: China (+X% per year) and Japan (-X% per year).

Exports of Instrument Panel And Wall Clocks

Exports in Asia

In 2020, overseas shipments of instrument panel and wall clocks were finally on the rise to reach X tons after two years of decline. In general, exports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2010 when exports increased by X% year-to-year. The volume of export peaked at X tons in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, instrument panel and wall clock exports dropped notably to $X in 2020. Over the period under review, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. The level of export peaked at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

In 2020, Hong Kong SAR (X tons) represented the main exporter of instrument panel and wall clocks, mixing up X% of total exports. It was distantly followed by Thailand (X tons), China (X tons) and India (X tons), together constituting a X% share of total exports. The following exporters - Singapore (X tons), the Philippines (X tons) and South Korea (X tons) - together made up X% of total exports.

Exports from Hong Kong SAR decreased at an average annual rate of -X% from 2007 to 2020. At the same time, the Philippines (+X%), Singapore (+X%) and China (+X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. Thailand experienced a relatively flat trend pattern. By contrast, India (-X%) and South Korea (-X%) illustrated a downward trend over the same period. While the share of Thailand (+X p.p.), China (+X p.p.), Singapore (+X p.p.), the Philippines (+X p.p.) and India (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Hong Kong SAR (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) remains the largest instrument panel and wall clock supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Hong Kong SAR stood at -X%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (-X% per year) and India (+X% per year).

Export Prices by Country

In 2020, the export price for instrument panel and wall clocks in Asia amounted to $X per ton, falling by -X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the export price increased by X% y-o-y. The level of export peaked at $X per ton in 2013; however, from 2014 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was India ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced more modest paces of growth.

Imports of Instrument Panel And Wall Clocks

Imports in Asia

In 2020, supplies from abroad of instrument panel and wall clocks was finally on the rise to reach X tons after four years of decline. Overall, imports continue to indicate a remarkable increase. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2020, imports failed to regain the momentum.

In value terms, instrument panel and wall clock imports contracted dramatically to $X in 2020. Over the period under review, imports saw a noticeable downturn. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of instrument panel and wall clock imports in 2020 were Myanmar (X tons), together recording X% of total import.

Myanmar was also the fastest-growing in terms of the instrument panel and wall clocks imports, with a CAGR of +X% from 2007 to 2020. While the share of Myanmar (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Myanmar ($X) constitutes the largest market for imported instrument panel and wall clocks in Asia.

From 2007 to 2020, the average annual rate of growth in terms of value in Myanmar amounted to +X%.

Import Prices by Country

The import price for instrument panel and wall clocks in Asia stood at $X per ton in 2020, waning by -X% against the previous year. In general, the import price saw a deep slump. The most prominent rate of growth was recorded in 2017 when the import price increased by X% y-o-y. The level of import peaked at $X per ton in 2018; however, from 2019 to 2020, import prices failed to regain the momentum.

As there is only one major supplying country, the average price level is determined by prices for Myanmar.

From 2007 to 2020, the rate of growth in terms of prices for Myanmar amounted to -X% per year.

Source: IndexBox Platform

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