Eastern Asia: Market for Wiring sets used in vehicles, aircraft or ships 2024

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

The East Asian market for wiring sets used in vehicles, aircraft or ships fell to $X in 2022, stabilizing at the previous year. The total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 -1.6% against 2019 indices. Over the period under review, the market hit record highs 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 Eastern Asia

In value terms, production of wiring sets used in vehicles, aircraft or ships reduced modestly to $X in 2022 estimated in export price. The total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 -4.8% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 31% against the previous year. Over the period under review, production of reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports in Eastern Asia

In 2022, exports of wiring sets used in vehicles, aircraft or ships in Eastern Asia declined slightly to X tons, approximately reflecting 2021 figures. Over the period under review, exports showed a perceptible descent. The growth pace was the most rapid in 2021 when exports increased by 6.9%. Over the period under review, the exports of reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of wiring sets used in vehicles, aircraft or ships amounted to $X in 2022. In general, exports showed a slight shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 14% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, China (X tons) was the main exporter of wiring sets used in vehicles, aircraft or ships, achieving 75% of total exports. It was distantly followed by South Korea (X tons), making up a 21% share of total exports. Japan (X tons) held a relatively small share of total exports.

Exports from China decreased at an average annual rate of -3.6% from 2012 to 2022. Japan experienced a relatively flat trend pattern. South Korea (-6.8%) illustrated a downward trend over the same period. China (+5 p.p.) significantly strengthened its position in terms of the total exports, while South Korea saw its share reduced by -6.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest wiring sets used in vehicles, aircraft or ships supplier in Eastern Asia, comprising 75% of total exports. The second position in the ranking was held by South Korea ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China stood at -1.5%. In the other countries, the average annual rates were as follows: South Korea (-1.9% per year) and Japan (-2.0% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, growing by 2.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2016 when the export price increased by 15% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while South Korea ($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 (+5.3%), while the other leaders experienced mixed trends in the export price figures.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports in Eastern Asia

In 2022, the amount of wiring sets used in vehicles, aircraft or ships imported in Eastern Asia was estimated at X tons, growing by 2.3% against 2021. The total import volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when imports increased by 6.3%. Over the period under review, imports of attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of wiring sets used in vehicles, aircraft or ships expanded modestly to $X in 2022. The total import value increased at an average annual rate of +3.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 15% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Japan was the main importer of wiring sets used in vehicles, aircraft or ships in Eastern Asia, with the volume of imports finishing at X tons, which was near 58% of total imports in 2022. South Korea (X tons) ranks second in terms of the total imports with a 35% share, followed by China (5.1%). Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +12.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wiring sets used in vehicles, aircraft or ships importing markets in Eastern Asia were Japan ($X), South Korea ($X) and China ($X), together accounting for 98% of total imports.

China, with a CAGR of +13.1%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2022, the import price in Eastern Asia amounted to $X per ton, surging by 1.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2021 an increase of 7.7%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while South Korea ($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

Frequently Asked Questions (FAQ) :