Asia: Keyboards Market 2024

Keyboards Market Size in Asia

The Asian keyboards market skyrocketed to $X in 2022, picking up by 23% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Keyboards Production in Asia

In value terms, keyboards production reduced to $X in 2022 estimated in export price. In general, production, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2014 when the production volume increased by 15% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Keyboards Exports

Exports in Asia

In 2022, shipments abroad of keyboards decreased by -24.3% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports recorded a noticeable reduction. The pace of growth appeared the most rapid in 2020 with an increase of 18% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, keyboards exports declined significantly to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 34% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then fell notably in the following year.

Exports by Country

China prevails in exports structure, reaching X units, which was near 77% of total exports in 2022. Taiwan (Chinese) (X units) took a 7.3% share (based on physical terms) of total exports, which put it in second place, followed by Hong Kong SAR (5.5%) and Singapore (5%). Vietnam (X units) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to keyboards exports from China stood at -3.8%. At the same time, Singapore (+13.4%) and Vietnam (+9.9%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia, with a CAGR of +13.4% from 2012-2022. By contrast, Taiwan (Chinese) (-1.1%) and Hong Kong SAR (-8.3%) illustrated a downward trend over the same period. While the share of Singapore (+4 p.p.), Vietnam (+1.9 p.p.) and Taiwan (Chinese) (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hong Kong SAR (-3.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest keyboards supplier in Asia, comprising 70% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 10% share of total exports. It was followed by Hong Kong SAR, with a 7.2% share.

In China, keyboards exports increased at an average annual rate of +1.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+5.5% per year) and Hong Kong SAR (-2.3% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, picking up by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2020 an increase of 14%. The level of export peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.6%), while the other leaders experienced more modest paces of growth.

Keyboards Imports

Imports in Asia

In 2022, purchases abroad of keyboards increased by 19% to X units, rising for the fourth year in a row after three years of decline. Total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.5% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of 24% against the previous year. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, keyboards imports rose significantly to $X in 2022. The total import value increased at an average annual rate of +2.7% 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 2020 with an increase of 20%. Over the period under review, imports attained the maximum at $X in 2014; afterwards, it flattened through to 2022.

Imports by Country

In 2022, China (X units), distantly followed by Kazakhstan (X units), Singapore (X units), Hong Kong SAR (X units), South Korea (X units), Malaysia (X units) and Vietnam (X units) were the major importers of keyboards, together creating 82% 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 Kazakhstan (with a CAGR of +35.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Singapore ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2022, together comprising 48% of total imports.

In terms of the main importing countries, Singapore, with a CAGR of +13.1%, saw 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

In 2022, the import price in Asia amounted to $X per unit, dropping by -10% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 12%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per unit), while Kazakhstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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