Asia-Pacific: Timer Market 2025

Timer Market Size in Asia-Pacific

The Asia-Pacific timer market amounted to $X in 2022, picking up by 3.6% against the previous year. In general, consumption, however, showed a abrupt slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Timer Production in Asia-Pacific

In value terms, timer production declined modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 313%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Timer Exports

Exports in Asia-Pacific

Timer exports fell to X units in 2022, declining by -3.8% compared with 2021. Overall, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 24%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, timer exports expanded sharply to $X in 2022. Over the period under review, exports recorded a slight contraction. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China dominates exports structure, accounting for X units, which was approx. 91% of total exports in 2022. It was distantly followed by Hong Kong SAR (X units), committing a 6.8% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to timer exports from China stood at -10.1%. Hong Kong SAR (-4.5%) illustrated a downward trend over the same period. Hong Kong SAR (+2.9 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -3.3% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest timer supplier in Asia-Pacific, comprising 61% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 4.9% share of total exports.

In China, timer exports shrank by an average annual rate of -3.0% over the period from 2012-2022.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, picking up by 13% against the previous year. Export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +8.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, timer export price increased by +77.0% against 2018 indices. The most prominent rate of growth was recorded in 2015 an increase of 34%. Over the period under review, the export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.8%).

Timer Imports

Imports in Asia-Pacific

In 2022, overseas purchases of timers decreased by -16.1% to X units, falling for the fifth consecutive year after six years of growth. Total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -38.7% against 2017 indices. The pace of growth appeared the most rapid in 2016 with an increase of 46%. The volume of import peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, timer imports declined to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 12% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Hong Kong SAR (X units) and Japan (X units) were the major importers of timers in 2022, recording approx. 28% and 21% of total imports, respectively. It was distantly followed by Singapore (X units), Taiwan (Chinese) (X units), Vietnam (X units), China (X units) and Thailand (X units), together generating a 34% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (with a CAGR of +18.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest timer importing markets in Asia-Pacific were Japan ($X), Vietnam ($X) and Thailand ($X), together accounting for 54% of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of +18.9%, recorded 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-Pacific amounted to $X per unit, increasing by 12% against the previous year. Over the period under review, the import price, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2018 when the import price increased by 22% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Vietnam ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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