Asia: Electric Racing Set Market 2020

Electric Racing Set Market Size in Asia

The revenue of the electric racing set market in Asia amounted to $X in 2017, picking up by X% against the previous year. The electric racing set consumption continues to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2012, when market value increased by X% year-to-year. The level of electric racing set consumption peaked in 2017, and is likely to continue its growth in the immediate term.

Electric Racing Set Production in Asia

In 2017, the amount of electric car racing sets produced in Asia amounted to X units, growing by X% against the previous year. The electric racing set production continues to indicate a strong increase. The most prominent rate of growth was recorded in 2011, with an increase of X% against the previous year. The volume of electric racing set production peaked in 2017, and is expected to retain its growth in the immediate term.

Electric Racing Set Exports in Asia

The exports amounted to X units in 2017, waning by -X% against the previous year. The electric racing set exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2011, when exports increased by X% against the previous year. In that year, the electric racing set exports reached their peak volume of X units. From 2012 to 2017, growth of the electric racing set exports stood at a somewhat lower level.

In value terms, electric racing set exports amounted to $X in 2017. The electric racing set exports continue to indicate a drastic deduction. Over the period under review, the electric racing set exports reached its peak figure level of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Electric Racing Set Exports by Country in Asia

China prevails in electric racing set exports structure, resulting at X units, which was near X% of total exports in 2017. Japan (X units) took the weak share of total exports.

From 2007 to 2017, average annual rates of growth with regard to electric racing set exports from China stood at -X%. Japan (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of China and Japan increased by X% and X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electric racing set supplier in Asia, making up X% of global exports. The second position in the ranking was occupied by Japan ($X), with a X% share of global exports.

In China, electric racing set exports contracted by an average annual rate of -X% over the period from 2007-2017.

Electric Racing Set Export Prices by Country in Asia

In 2017, the electric racing set export price in Asia amounted to $X per unit, reducing by -X% against the previous year. The electric racing set export price continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2012, when the export prices increased by X% y-o-y. The level of export price peaked of $X per unit in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Average export prices varied noticeably amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Japan ($X per unit) and China ($X per unit), while China ($X per unit) and Japan ($X per unit) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Japan (+X% per year).

Electric Racing Set Imports in Asia

The imports amounted to X units in 2017, going up by X% against the previous year. The electric racing set imports continue to indicate an abrupt decline. The pace of growth was the most pronounced in 2011, when imports increased by X% against the previous year. In that year, the electric racing set imports attained their peak volume of X units. From 2012 to 2017, growth of the electric racing set imports stood at a somewhat lower level.

In value terms, electric racing set imports amounted to $X in 2017. The electric racing set imports continue to indicate a drastic downturn. The level of imports peaked of $X in 2009; however, from 2010 to 2017, it failed to regain its momentum.

Electric Racing Set Imports by Country in Asia

Japan was the major importing country with an import of around X units, which accounted for X% of total imports. It was distantly followed by the Philippines (X units), Malaysia (X units) and China (X units), together comprising X% share of total imports. India (X units), Kuwait (X units) and China, Macao SAR (X units) held the slight share of total imports.

Imports into Japan decreased at an average annual rate of -X% from 2007 to 2017. At the same time, Kuwait (+X%), Malaysia (+X%), India (+X%) and the Philippines (+X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest growing importer in Asia, with a CAGR of +X% from 2007-2017. By contrast, China, Macao SAR (-X%) and China (-X%) illustrated a downward trend over the same period. Japan (X%), China (X%) and China, Macao SAR (X%) significantly strengthened its position in terms of the global imports, while Kuwait, India, Malaysia and the Philippines saw its share reduced by -X%, -X%, -X% and -X% from 2007 to 2017, respectively.

In value terms, Japan ($X) constitutes the largest market for imported electric car racing sets in Asia, making up X% of global imports. The second position in the ranking was occupied by the Philippines ($X), with a X% share of global imports. It was followed by Malaysia, with a X% share.

In Japan, electric racing set imports plunged by an average annual rate of -X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: the Philippines (+X% per year) and Malaysia (-X% per year).

Electric Racing Set Import Prices by Country in Asia

In 2017, the electric racing set import price in Asia amounted to $X per unit, going down by -X% against the previous year. The electric racing set import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2008, when the import prices increased by X% year-to-year. The level of import price peaked of $X per unit in 2010; however, from 2011 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Japan ($X per thousand units), while Kuwait ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by China, Macao SAR (-X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform