Asia-Pacific: Tuner Block Market 2022

Tuner Block Market Size in Asia-Pacific

In 2021, the Asia-Pacific tuner block market increased by 28% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, recorded a perceptible decrease. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Tuner Block Production in Asia-Pacific

In value terms, tuner block production totaled $X in 2021 estimated in export price. In general, production, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2014 when the production volume increased by 19%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Tuner Block Exports

Exports in Asia-Pacific

In 2021, overseas shipments of tuner blocks were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, saw a slight setback. The pace of growth was the most pronounced in 2018 with an increase of 90%. The volume of export peaked at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, tuner block exports dropped slightly to $X in 2021. In general, exports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 12%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China dominates exports structure, resulting at X units, which was near 81% of total exports in 2021. Vietnam (X units) held the second position in the ranking, followed by Hong Kong SAR (X units). All these countries together held approx. 11% share of total exports. Thailand (X units) and Singapore (X units) held a minor share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of tuner blocks. At the same time, Singapore (+50.5%), Vietnam (+21.5%) and Thailand (+13.5%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +50.5% from 2012-2021. By contrast, Hong Kong SAR (-6.1%) illustrated a downward trend over the same period. While the share of China (+10 p.p.), Vietnam (+4.6 p.p.), Thailand (+2.8 p.p.) and Singapore (+2.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Hong Kong SAR (-2.9 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest tuner block supplier in Asia-Pacific, comprising 66% of total exports. The second position in the ranking was held by Vietnam ($X), with an 8.3% share of total exports. It was followed by Hong Kong SAR, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to -3.4%. In the other countries, the average annual rates were as follows: Vietnam (+16.1% per year) and Hong Kong SAR (-1.8% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, declining by -5.6% against the previous year. In general, the export price continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2017 when the export price increased by 48% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+4.6%), while the other leaders experienced mixed trends in the export price figures.

Tuner Block Imports

Imports in Asia-Pacific

In 2021, purchases abroad of tuner blocks was finally on the rise to reach X units after four years of decline. Overall, imports, however, continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 43%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, tuner block imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India represented the largest importing country with an import of about X units, which reached 35% of total imports. Hong Kong SAR (X units) ranks second in terms of the total imports with a 14% share, followed by Singapore (9.9%), South Korea (9.7%), the Philippines (7.9%) and Japan (4.8%). Thailand (X units) followed a long way behind the leaders.

Imports into India decreased at an average annual rate of -2.1% from 2012 to 2021. At the same time, Singapore (+32.3%), the Philippines (+10.0%), Thailand (+8.7%) and South Korea (+3.9%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +32.3% from 2012-2021. By contrast, Japan (-2.5%) and Hong Kong SAR (-11.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Singapore, the Philippines, South Korea and Thailand increased by +9.3, +5.2, +4.2 and +2.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), South Korea ($X) and Singapore ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 51% share of total imports.

Singapore, with a CAGR of +27.1%, recorded 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

In 2021, the import price in Asia-Pacific amounted to $X per unit, picking up by 19% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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