Asia: Electrical Signalling Apparatus Market 2025

Electrical Signalling Apparatus Market Size in Asia

For the fourth year in a row, the Asian electrical signalling apparatus market recorded decline in sales value, which decreased by -9.6% to $X in 2022. Overall, consumption showed a mild descent. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Electrical Signalling Apparatus Production in Asia

In value terms, electrical signalling apparatus production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 15% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Electrical Signalling Apparatus Exports

Exports in Asia

For the fourth consecutive year, Asia recorded growth in overseas shipments of electrical apparatus for sound or visual signalling, which increased by 23% to X units in 2022. Overall, exports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2020 when exports increased by 123% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, electrical signalling apparatus exports totaled $X in 2022. In general, exports posted prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 48%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

China prevails in exports structure, reaching X units, which was approx. 77% of total exports in 2022. It was distantly followed by Vietnam (X units), comprising a 7.5% share of total exports. The following exporters - Thailand (X units), Singapore (X units), Hong Kong SAR (X units) and Indonesia (X units) - each amounted to a 7.9% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to electrical signalling apparatus exports from China stood at +27.0%. At the same time, Vietnam (+66.6%), Indonesia (+65.6%) and Singapore (+9.8%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +66.6% from 2012-2022. By contrast, Thailand (-2.0%) and Hong Kong SAR (-6.6%) illustrated a downward trend over the same period. China (+46 p.p.), Vietnam (+7.3 p.p.) and Indonesia (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while Thailand and Hong Kong SAR saw its share reduced by -10% and -14.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electrical signalling apparatus supplier in Asia, comprising 61% of total exports. The second position in the ranking was held by Vietnam ($X), with a 17% share of total exports. It was followed by Hong Kong SAR, with a 4.3% share.

In China, electrical signalling apparatus exports increased at an average annual rate of +18.0% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+80.9% per year) and Hong Kong SAR (-3.5% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, with a decrease of -9.1% against the previous year. In general, the export price showed a pronounced slump. The pace of growth was the most pronounced in 2015 when the export price increased by 18%. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+8.6%), while the other leaders experienced more modest paces of growth.

Electrical Signalling Apparatus Imports

Imports in Asia

In 2022, approx. X units of electrical apparatus for sound or visual signalling were imported in Asia; remaining relatively unchanged against the previous year's figure. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 21%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, electrical signalling apparatus imports stood at $X in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 28% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Thailand (X units) and Japan (X units) represented roughly 39% of total imports in 2022. South Korea (X units) held the next position in the ranking, followed by Indonesia (X units), Singapore (X units), China (X units), the United Arab Emirates (X units), Vietnam (X units) and Hong Kong SAR (X units). All these countries together took near 38% share of total imports. The following importers - Turkey (X units), India (X units), Taiwan (Chinese) (X units) and Iraq (X units) - together made up 13% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of +25.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), China ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 40% of total imports. Singapore, South Korea, Hong Kong SAR, India, the United Arab Emirates, Vietnam, Turkey, Taiwan (Chinese), Iraq and Indonesia lagged somewhat behind, together accounting for a further 49%.

Vietnam, with a CAGR of +22.9%, saw the highest growth rate of the value of imports, among 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

In 2022, the import price in Asia amounted to $X per unit, growing by 2.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2021 when the import price increased by 11% against the previous year. The level of import peaked at $X per unit in 2018; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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