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

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

After four years of growth, the Asia-Pacific market for electric burglar or fire alarms and similar apparatus decreased by -17.3% to $X in 2021. The market value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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-Pacific

In value terms, electric burglar or fire alarm production fell to $X in 2021 estimated in export price. The total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +9.5% against 2015 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 25% against the previous year. The level of production peaked at $X in 2020, and then contracted in the following year.

Exports of Electric Burglar Or Fire Alarms And Similar Apparatus

Exports in Asia-Pacific

For the third consecutive year, Asia-Pacific recorded growth in shipments abroad of electric burglar or fire alarms and similar apparatus, which increased by 61% to X units in 2021. Overall, exports recorded a resilient 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 skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of export peaked at $X in 2015; afterwards, it flattened through to 2021.

Exports by Country

China was the largest exporter of electric burglar or fire alarms and similar apparatus in Asia-Pacific, with the volume of exports amounting to X units, which was approx. 70% of total exports in 2021. Hong Kong SAR (X units) held the second position in the ranking, followed by Taiwan (Chinese) (X units) and Thailand (X units). All these countries together held near 22% share of total exports. The following exporters - Singapore (X units) and Indonesia (X units) - each recorded a 3.8% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to electric burglar or fire alarm exports from China stood at +25.6%. At the same time, Thailand (+87.7%), Indonesia (+31.6%) and Singapore (+8.0%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +87.7% from 2012-2021. 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 (+45 p.p.) and Thailand (+4.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Taiwan (Chinese) (-10.7 p.p.) and Hong Kong SAR (-33.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electric burglar or fire alarm supplier in Asia-Pacific, comprising 56% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 9.6% share of total exports. It was followed by Hong Kong SAR, with a 9% 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: Taiwan (Chinese) (+5.0% per year) and Hong Kong SAR (-5.2% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, waning by -22.5% against the previous year. Over the period under review, the export price showed a deep slump. The most prominent rate of growth was recorded in 2014 when the export price increased by 23% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

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

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

Imports of Electric Burglar Or Fire Alarms And Similar Apparatus

Imports in Asia-Pacific

In 2021, after five years of decline, there was significant growth in overseas purchases of electric burglar or fire alarms and similar apparatus, when their volume increased by 75% to X units. Total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained 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 +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Hong Kong SAR (X units) and China (X units) represented the largest importers of electric burglar or fire alarms and similar apparatus in Asia-Pacific, together achieving 44% of total imports. India (X units) held the next position in the ranking, followed by Australia (X units), Japan (X units) and Thailand (X units). All these countries together took approx. 35% share of total imports. The following importers - Singapore (X units), Indonesia (X units), the Philippines (X units), Vietnam (X units), Taiwan (Chinese) (X units) and South Korea (X units) - together made up 18% 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, the largest electric burglar or fire alarm importing markets in Asia-Pacific were Hong Kong SAR ($X), Australia ($X) and China ($X), with a combined 47% share of total imports. Japan, Singapore, Vietnam, India, South Korea, Taiwan (Chinese), Thailand, Indonesia and the Philippines lagged somewhat behind, together accounting for a further 47%.

Vietnam, with a CAGR of +16.2%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2021, the import price in Asia-Pacific amounted to $X per unit, waning by -7.3% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the import price increased by 10% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+11.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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