Asia: Market for Electric Burglar Or Fire Alarms And Similar Apparatus 2024

Market Size for Electric Burglar Or Fire Alarms And Similar Apparatus in Asia

After four years of growth, the Asian market for electric burglar or fire alarms and similar apparatus decreased by -15.6% to $X in 2021. The total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then reduced dramatically in the following year.

Production of Electric Burglar Or Fire Alarms And Similar Apparatus in Asia

In value terms, electric burglar or fire alarm production reduced to $X in 2021 estimated in export price. The total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +58.9% against 2013 indices. The most prominent rate of growth was recorded in 2015 with an increase of 24%. Over the period under review, production reached the peak level at $X in 2020, and then dropped in the following year.

Exports of Electric Burglar Or Fire Alarms And Similar Apparatus

Exports in Asia

In 2021, electric burglar or fire alarm exports in Asia surged to X units, rising by 58% on the year before. Overall, exports posted a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electric burglar or fire alarm exports surged to $X in 2021. The total export value increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X units) was the main exporter of electric burglar or fire alarms and similar apparatus, achieving 64% of total exports. Hong Kong SAR (X units) took an 11% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (5.2%). The following exporters - Thailand (X units), Israel (X units), Turkey (X units) and Singapore (X units) - together made up 14% of total exports.

Exports from China increased at an average annual rate of +25.6% from 2012 to 2021. At the same time, Thailand (+87.7%), Turkey (+24.8%) and Singapore (+8.0%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of +87.7% from 2012-2021. Israel and Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-3.7%) illustrated a downward trend over the same period. While the share of China (+42 p.p.), Thailand (+4.1 p.p.) and Turkey (+2.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Israel (-6.4 p.p.), Taiwan (Chinese) (-9.3 p.p.) and Hong Kong SAR (-29.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electric burglar or fire alarm supplier in Asia, comprising 49% of total exports. The second position in the ranking was taken by Israel ($X), with a 12% share of total exports. It was followed by Taiwan (Chinese), with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +4.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (+3.0% per year) and Taiwan (Chinese) (+5.0% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, shrinking by -20.9% against the previous year. Over the period under review, the export price recorded a abrupt slump. The pace of growth appeared the most rapid in 2014 an increase of 21% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Israel ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Electric Burglar Or Fire Alarms And Similar Apparatus

Imports in Asia

In 2021, purchases abroad of electric burglar or fire alarms and similar apparatus was finally on the rise to reach X units after five years of decline. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable 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, electric burglar or fire alarm imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of import peaked at $X in 2016; afterwards, it flattened through to 2021.

Imports by Country

Hong Kong SAR (X units) and China (X units) were the largest importers of electric burglar or fire alarms and similar apparatus in 2021, finishing at approx. 19% and 18% of total imports, respectively. It was distantly followed by Turkey (X units), India (X units), Japan (X units) and Thailand (X units), together mixing up a 33% share of total imports. The United Arab Emirates (X units), Singapore (X units), Kazakhstan (X units), Indonesia (X units), the Philippines (X units), Vietnam (X units) and Taiwan (Chinese) (X units) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +21.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), China ($X) and the United Arab Emirates ($X) were the countries with the highest levels of imports in 2021, with a combined 35% share of total imports. These countries were followed by Japan, Singapore, Vietnam, India, Turkey, Taiwan (Chinese), Thailand, Kazakhstan, Indonesia and the Philippines, which together accounted for a further 43%.

In terms of the main importing countries, Vietnam, with a CAGR of +16.2%, recorded the highest growth rate of the value of imports, 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 Asia stood at $X per unit in 2021, reducing by -9% against the previous year. Overall, the import price saw a slight downturn. The pace of growth was the most pronounced in 2019 when the import price increased by 11% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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