Asia-Pacific: Remote Control Apparatus Market 2024

Remote Control Apparatus Market Size in Asia-Pacific

After two years of growth, the Asia-Pacific remote control apparatus market decreased by -18.9% to $X in 2021. In general, consumption saw a pronounced curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Remote Control Apparatus Production in Asia-Pacific

In value terms, remote control apparatus production contracted to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year. As a result, production attained the peak level of $X, and then shrank in the following year.

Remote Control Apparatus Exports

Exports in Asia-Pacific

In 2021, overseas shipments of radio remote control apparatus increased by 75% to X tons, rising for the third year in a row after two years of decline. In general, exports recorded resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, remote control apparatus exports surged to $X in 2021. Overall, exports recorded buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, amounting to X tons, which was near 78% of total exports in 2021. It was distantly followed by Thailand (X tons), creating a 4.9% share of total exports. The following exporters - Taiwan (Chinese) (X tons), Hong Kong SAR (X tons), South Korea (X tons) and Japan (X tons) - together made up 12% of total exports.

Exports from China increased at an average annual rate of +21.3% from 2012 to 2021. At the same time, Thailand (+23.5%) and Taiwan (Chinese) (+6.0%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +23.5% from 2012-2021. By contrast, Japan (-6.4%), Hong Kong SAR (-6.5%) and South Korea (-8.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and Thailand increased by +43 and +3 percentage points, respectively.

In value terms, China ($X) remains the largest remote control apparatus supplier in Asia-Pacific, comprising 73% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with an 8.2% share of total exports. It was followed by Taiwan (Chinese), with a 4.9% share.

In China, remote control apparatus exports expanded at an average annual rate of +16.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Hong Kong SAR (+2.1% per year) and Taiwan (Chinese) (+13.9% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, shrinking by -17.6% against the previous year. Over the period under review, the export price showed a mild setback. The pace of growth appeared the most rapid in 2013 when the export price increased by 17% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Hong Kong SAR ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.2%), while the other leaders experienced more modest paces of growth.

Remote Control Apparatus Imports

Imports in Asia-Pacific

In 2021, overseas purchases of radio remote control apparatus increased by 1.7% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, recorded a mild decline. The pace of growth was the most pronounced in 2017 when imports increased by 11% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, remote control apparatus imports expanded notably to $X in 2021. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 11% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, South Korea (X tons), Japan (X tons) and Hong Kong SAR (X tons) was the main importer of radio remote control apparatus in Asia-Pacific, making up 51% of total import. China (X tons) took a 10% share (based on physical terms) of total imports, which put it in second place, followed by Australia (10%), Taiwan (Chinese) (9%) and Indonesia (4.7%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Indonesia (with a CAGR of +13.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest remote control apparatus importing markets in Asia-Pacific were China ($X), Japan ($X) and Hong Kong SAR ($X), with a combined 54% share of total imports. These countries were followed by South Korea, Australia, Taiwan (Chinese) and Indonesia, which together accounted for a further 32%.

Indonesia, with a CAGR of +17.6%, saw the highest rates of growth with regard to 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

The import price in Asia-Pacific stood at $X per ton in 2021, growing by 8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2018 an increase of 23%. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+12.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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