Asia-Pacific: Market for Instrument Panel And Wall Clocks 2022

Market Size for Instrument Panel And Wall Clocks in Asia-Pacific

In 2020, the Asia-Pacific market for instrument panel and wall clocks increased by X% to $X, rising for the third year in a row after two years of decline. In general, consumption saw significant growth. The pace of growth was the most pronounced in 2015 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. from 2016 to 2020, the growth of the market failed to regain the momentum.

Production of Instrument Panel And Wall Clocks in Asia-Pacific

In value terms, instrument panel and wall clock production amounted to $X in 2020 estimated in export prices. Over the period under review, production showed a perceptible decrease. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2008; however, from 2009 to 2020, production failed to regain the momentum.

Production By Country in Asia-Pacific

India (X tons) remains the largest instrument panel and wall clock producing country in Asia-Pacific, 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.

In India, instrument panel and wall clock production increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: China (+X% per year) and Japan (-X% per year).

Exports of Instrument Panel And Wall Clocks

Exports in Asia-Pacific

In 2020, shipments abroad of instrument panel and wall clocks increased by X% to X tons for the first time since 2017, thus ending a two-year declining trend. Over the period under review, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at X tons in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, instrument panel and wall clock exports fell dramatically to $X in 2020. Overall, exports, however, showed a deep slump. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. The level of export peaked at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

Hong Kong SAR represented the largest exporting country with an export of around X tons, which finished at X% of total exports. Thailand (X tons) held a X% share (based on tons) of total exports, which put it in second place, followed by China (X%) and India (X%). 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-Pacific, 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. Thailand (+X p.p.), China (+X p.p.), Singapore (+X p.p.), the Philippines (+X p.p.) and India (+X p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR saw its share reduced by -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Hong Kong SAR, instrument panel and wall clock exports shrank by an average annual rate of -X% over the period from 2007-2020. 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-Pacific amounted to $X per ton, shrinking by -X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. Over the period under review, export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; 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-Pacific

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. In general, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. As a result, imports attained the peak of X tons. from 2016 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, instrument panel and wall clock imports reduced notably to $X in 2020. Overall, imports recorded a noticeable shrinkage. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2008; however, from 2009 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Myanmar (X tons) represented the key importer of instrument panel and wall clocks in Asia-Pacific, creating 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-Pacific.

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

Import Prices by Country

The import price for instrument panel and wall clocks in Asia-Pacific stood at $X per ton in 2020, falling by -X% against the previous year. In general, the import price faced a abrupt slump. The most prominent rate of growth was recorded in 2017 when the import price increased by X% year-to-year. Over the period under review, import prices attained the peak figure at $X per ton in 2019, and then reduced notably in the following year.

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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