Eastern Asia: Remote Control Apparatus Market 2025

Remote Control Apparatus Market Size in Eastern Asia

The East Asian remote control apparatus market contracted sharply to $X in 2021, which is down by -21.1% against the previous year. In general, consumption saw a perceptible descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Remote Control Apparatus Production in Eastern Asia

In value terms, remote control apparatus production dropped to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 15%. As a result, production attained the peak level of $X, and then reduced in the following year.

Remote Control Apparatus Exports

Exports in Eastern Asia

In 2021, overseas shipments of radio remote control apparatus increased by 76% to X tons, rising for the third year in a row after two years of decline. Overall, exports continue to indicate buoyant 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. Over the period under review, exports showed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, resulting at X tons, which was near 86% of total exports in 2021. Taiwan (Chinese) (X tons), Hong Kong SAR (X tons), South Korea (X tons) and Japan (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the radio remote control apparatus exports, with a CAGR of +21.3% from 2012 to 2021. At the same time, Taiwan (Chinese) (+6.0%) displayed positive paces of growth. By contrast, Japan (-6.4%), Hong Kong SAR (-6.5%) and South Korea (-8.0%) illustrated a downward trend over the same period. China (+44 p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese), Japan, South Korea and Hong Kong SAR saw its share reduced by -2.6%, -10.5%, -15.2% and -15.9% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest remote control apparatus supplier in Eastern Asia, comprising 78% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with an 8.8% share of total exports. It was followed by Taiwan (Chinese), with a 5.3% share.

In China, remote control apparatus exports increased at an average annual rate of +16.8% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (+2.1% per year) and Taiwan (Chinese) (+13.9% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, shrinking by -17.3% against the previous year. Over the period under review, the export price saw a slight curtailment. The pace of growth appeared the most rapid in 2013 an increase of 20%. Over the period under review, the export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices stood 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 Hong Kong SAR ($X per ton), while China ($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 Eastern Asia

In 2021, supplies from abroad of radio remote control apparatus increased by 6.3% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, showed a mild reduction. The pace of growth was the most pronounced in 2013 when imports increased by 21% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, remote control apparatus imports soared to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of remote control apparatus imports in 2021 were South Korea (X tons), Japan (X tons) and Hong Kong SAR (X tons), together finishing at 72% of total import. China (X tons) ranks next in terms of the total imports with a 15% share, followed by Taiwan (Chinese) (13%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by South Korea (with a CAGR of +4.6%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest remote control apparatus importing markets in Eastern Asia were China ($X), Japan ($X) and Hong Kong SAR ($X), with a combined 75% share of total imports. These countries were followed by South Korea and Taiwan (Chinese), which together accounted for a further 25%.

Among the main importing countries, South Korea, with a CAGR of +14.3%, saw the highest rates of growth with regard to 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

The import price in Eastern Asia stood at $X per ton in 2021, rising by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2018 an increase of 19% against the previous year. The level of import peaked in 2021 and is expected to retain 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 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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