Asia-Pacific: Market for Wiring sets used in vehicles, aircraft or ships 2025

Market Size for Wiring sets used in vehicles, aircraft or ships in Asia-Pacific

The Asia-Pacific market for wiring sets used in vehicles, aircraft or ships shrank slightly to $X in 2022, approximately mirroring the previous year. The total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 -2.0% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Wiring sets used in vehicles, aircraft or ships in Asia-Pacific

In value terms, production of wiring sets used in vehicles, aircraft or ships declined to $X in 2022 estimated in export price. The total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 -2.8% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 26% against the previous year. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports in Asia-Pacific

In 2022, approx. X tons of wiring sets used in vehicles, aircraft or ships were exported in Asia-Pacific; therefore, remained relatively stable against the previous year. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 7.8% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of wiring sets used in vehicles, aircraft or ships declined to $X in 2022. The total export value increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 16%. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

In 2022, China (X tons), Vietnam (X tons) and the Philippines (X tons) was the largest exporter of wiring sets used in vehicles, aircraft or ships in Asia-Pacific, constituting 74% of total export. South Korea (X tons) held the next position in the ranking, followed by Indonesia (X tons). All these countries together took near 14% share of total exports. The following exporters - Thailand (X tons) and Cambodia (X tons) - together made up 6.2% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Cambodia (with a CAGR of +23.3%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), China ($X) and the Philippines ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 72% of total exports. Indonesia, South Korea, Thailand and Cambodia lagged somewhat behind, together comprising a further 20%.

Among the main exporting countries, Cambodia, with a CAGR of +24.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, leveling off at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2021 when the export price increased by 7.8% against the previous year. As a result, the export price attained the peak level of $X per ton, leveling off in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Indonesia ($X per ton) and Thailand ($X per ton), while South Korea ($X per ton) and Cambodia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.3%), while the other leaders experienced more modest paces of growth.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports in Asia-Pacific

In 2022, supplies from abroad of wiring sets used in vehicles, aircraft or ships increased by 2.9% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 13% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, imports of wiring sets used in vehicles, aircraft or ships totaled $X in 2022. The total import value increased at an average annual rate of +3.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Japan was the major importer of wiring sets used in vehicles, aircraft or ships in Asia-Pacific, with the volume of imports accounting for X tons, which was approx. 47% of total imports in 2022. South Korea (X tons) ranks second in terms of the total imports with a 29% share, followed by Singapore (4.6%). China (X tons), Thailand (X tons), the Philippines (X tons) and Indonesia (X tons) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +16.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and China ($X) constituted the countries with the highest levels of imports in 2022, with a combined 84% share of total imports. Thailand, Singapore, Indonesia and the Philippines lagged somewhat behind, together comprising a further 9.1%.

Among the main importing countries, the Philippines, with a CAGR of +17.5%, 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 ton, therefore, remained relatively stable against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2018 an increase of 4.5%. Over the period under review, import prices attained the maximum in 2022 and is likely to see steady growth in the near future.

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 China ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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