Eastern Asia: Market for Instrument Panel And Wall Clocks 2022

Market Size for Instrument Panel And Wall Clocks in Eastern Asia

In 2020, the East Asian market for instrument panel and wall clocks decreased by -X% to $X, falling for the eighth year in a row after three years of growth. Over the period under review, consumption continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2010 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

Production of Instrument Panel And Wall Clocks in Eastern Asia

In value terms, instrument panel and wall clock production dropped to $X in 2020 estimated in export prices. Overall, production, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% y-o-y. Over the period under review, production reached the peak level at $X in 2008; however, from 2009 to 2020, production stood at a somewhat lower figure.

Production By Country in Eastern Asia

The country with the largest volume of instrument panel and wall clock production was China (X tons), comprising approx. X% of total volume. Moreover, instrument panel and wall clock production in China exceeded the figures recorded by the second-largest producer, Japan (X tons), sevenfold. South Korea (X tons) ranked third in terms of total production with a X% share.

In China, instrument panel and wall clock production increased at an average annual rate of +X% over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Japan (-X% per year) and South Korea (-X% per year).

Exports of Instrument Panel And Wall Clocks

Exports in Eastern Asia

In 2020, shipments abroad of instrument panel and wall clocks was finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at X tons in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, instrument panel and wall clock exports declined remarkably to $X in 2020. Overall, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. The level of export peaked at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

Hong Kong SAR was the major exporter of instrument panel and wall clocks in Eastern Asia, with the volume of exports resulting at X tons, which was near X% of total exports in 2020. It was distantly followed by China (X tons), creating a X% share of total exports. The following exporters - South Korea (X tons) and Japan (X tons) - together made up X% of total exports.

From 2007 to 2020, average annual rates of growth with regard to instrument panel and wall clock exports from Hong Kong SAR stood at -X%. At the same time, China (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +X% from 2007-2020. By contrast, South Korea (-X%) and Japan (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of China increased by +X% percentage points, while Hong Kong SAR (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) remains the largest instrument panel and wall clock supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Hong Kong SAR stood at -X%. The remaining exporting countries recorded the following average annual rates of exports growth: China (-X% per year) and Japan (-X% per year).

Export Prices by Country

The export price for instrument panel and wall clocks in Eastern Asia stood at $X per ton in 2020, reducing by -X% against the previous year. Over the period under review, the export price, however, posted a slight expansion. The pace of growth appeared the most rapid in 2019 when the export price increased by X% year-to-year. Over the period under review, export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2020, export prices stood at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced more modest paces of growth.

Imports of Instrument Panel And Wall Clocks

Imports in Eastern Asia

In 2020, approx. X tons of instrument panel and wall clocks were imported in Eastern Asia; declining by -X% compared with the previous year's figure. Over the period under review, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2010 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, instrument panel and wall clock imports fell markedly to $X in 2020. Overall, imports recorded a pronounced setback. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Japan (X tons) represented the main importer of instrument panel and wall clocks, mixing up X% of total imports. Hong Kong SAR (X tons) held the second position in the ranking, followed by South Korea (X tons). All these countries together occupied near X% share of total imports.

From 2007 to 2020, average annual rates of growth with regard to instrument panel and wall clock imports into Japan stood at -X%. South Korea (-X%) and Hong Kong SAR (-X%) illustrated a downward trend over the same period. While the share of Japan (+X p.p.) and South Korea (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Hong Kong SAR (-X p.p.) displayed negative dynamics.

In value terms, Japan ($X) constitutes the largest market for imported instrument panel and wall clocks in Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value in Japan totaled -X%. In the other countries, the average annual rates were as follows: Hong Kong SAR (-X% per year) and South Korea (+X% per year).

Import Prices by Country

In 2020, the import price for instrument panel and wall clocks in Eastern Asia amounted to $X per ton, picking up by X% against the previous year. Import price indicated pronounced growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, instrument panel and wall clock import price increased by +X% against 2010 indices. The most prominent rate of growth was recorded in 2008 when the import price increased by X% y-o-y. Over the period under review, import prices reached the peak figure in 2020 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2020, the country with the highest price was Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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