Asia-Pacific: Isolating Switch Market 2025

Isolating Switch Market Size in Asia-Pacific

The Asia-Pacific isolating switch market contracted to $X in 2022, shrinking by -6.6% against the previous year. The total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -16.0% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Isolating Switch Production in Asia-Pacific

In value terms, isolating switch production reached $X in 2022 estimated in export price. The total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.3% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of 23%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Isolating Switch Exports

Exports in Asia-Pacific

In 2022, the amount of isolating switches & make-and-break switches exported in Asia-Pacific skyrocketed to X units, growing by 260% against 2021 figures. In general, exports saw a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, isolating switch exports shrank dramatically to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 25%. As a result, the exports reached the peak of $X, and then dropped markedly in the following year.

Exports by Country

China dominates exports structure, accounting for X units, which was near 89% of total exports in 2022. The following exporters - South Korea (X units), Japan (X units) and Thailand (X units) - together made up 7.4% of total exports.

China was also the fastest-growing in terms of the isolating switches & make-and-break switches exports, with a CAGR of +29.0% from 2012 to 2022. At the same time, Thailand (+23.9%) and Japan (+1.6%) displayed positive paces of growth. By contrast, South Korea (-3.5%) illustrated a downward trend over the same period. While the share of China (+57 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (-6.8 p.p.) and South Korea (-16.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) emerged as the largest isolating switch supplier in Asia-Pacific, comprising 35% of total exports. The second position in the ranking was held by Japan ($X), with a 17% share of total exports. It was followed by South Korea, with a 17% share.

In China, isolating switch exports increased at an average annual rate of +8.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-4.4% per year) and South Korea (-0.3% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, waning by -77.1% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when the export price increased by 8.6% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 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 Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.2%), while the other leaders experienced a decline in the export price figures.

Isolating Switch Imports

Imports in Asia-Pacific

After two years of decline, supplies from abroad of isolating switches & make-and-break switches increased by 3.5% to X units in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 30% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, isolating switch imports dropped to $X in 2022. Over the period under review, imports, however, saw a slight contraction. The pace of growth appeared the most rapid in 2017 when imports increased by 28%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Vietnam (X units), followed by Indonesia (X units), Thailand (X units), Japan (X units), Bangladesh (X units), Malaysia (X units) and South Korea (X units) represented the major importers of isolating switches & make-and-break switches, together comprising 65% of total imports. The following importers - Myanmar (X units), China (X units), Australia (X units), Taiwan (Chinese) (X units), Lao People's Democratic Republic (X units) and Afghanistan (X units) - together made up 22% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Lao People's Democratic Republic (with a CAGR of +50.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 40% of total imports. China, Taiwan (Chinese), South Korea, Australia, Indonesia, Malaysia, Myanmar, Bangladesh, Lao People's Democratic Republic and Afghanistan lagged somewhat behind, together accounting for a further 41%.

Among the main importing countries, Myanmar, with a CAGR of +37.8%, saw the highest rates of growth with regard to 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

The import price in Asia-Pacific stood at $X per unit in 2022, falling by -17.2% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by 16%. As a result, import price reached the peak level of $X per unit, and then reduced notably in the following year.

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 Taiwan (Chinese) ($X per unit), while Bangladesh ($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) (+8.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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