South-Eastern Asia: Market for Instrument Panel And Wall Clocks 2022

Market Size for Instrument Panel And Wall Clocks in South-Eastern Asia

The Southeast Asian market for instrument panel and wall clocks surged to $X in 2020, increasing by X% against the previous year. Over the period under review, consumption showed a significant increase. The most prominent rate of growth was recorded in 2015 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. from 2016 to 2020, the growth of the market failed to regain the momentum.

Production of Instrument Panel And Wall Clocks in South-Eastern Asia

In value terms, instrument panel and wall clock production stood at $X in 2020 estimated in export prices. The total production indicated a moderate expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2020, production failed to regain the momentum.

Production By Country in South-Eastern Asia

The Philippines (X tons) remains the largest instrument panel and wall clock producing country in South-Eastern Asia, accounting for X% of total volume. Moreover, instrument panel and wall clock production in the Philippines exceeded the figures recorded by the second-largest producer, Vietnam (X tons), threefold. The third position in this ranking was occupied by Malaysia (X tons), with a X% share.

In the Philippines, instrument panel and wall clock production expanded 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: Vietnam (+X% per year) and Malaysia (+X% per year).

Exports of Instrument Panel And Wall Clocks

Exports in South-Eastern Asia

In 2020, overseas shipments of instrument panel and wall clocks increased by X% to X tons, rising for the second year in a row after two years of decline. Total exports indicated a slight increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, exports hit record highs in 2020 and are likely to continue growth in years to come.

In value terms, instrument panel and wall clock exports fell markedly to $X in 2020. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

In 2020, Thailand (X tons) was the largest exporter of instrument panel and wall clocks, generating X% of total exports. Singapore (X tons) took a X% share (based on tons) of total exports, which put it in second place, followed by the Philippines (X%). Malaysia (X tons) followed a long way behind the leaders.

Thailand experienced a relatively flat trend pattern with regard to volume of exports of instrument panel and wall clocks. At the same time, the Philippines (+X%) and Singapore (+X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +X% from 2007-2020. By contrast, Malaysia (-X%) illustrated a downward trend over the same period. While the share of the Philippines (+X p.p.) and Singapore (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Malaysia (-X p.p.) and Thailand (-X p.p.) displayed negative dynamics.

In value terms, Thailand ($X) remains the largest instrument panel and wall clock supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Singapore ($X), with a X% share of total exports. It was followed by the Philippines, with a X% share.

In Thailand, instrument panel and wall clock exports shrank by an average annual rate of -X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (+X% per year) and the Philippines (+X% per year).

Export Prices by Country

The export price for instrument panel and wall clocks in South-Eastern Asia stood at $X per ton in 2020, waning by -X% against the previous year. Over the period under review, the export price continues to indicate a mild downturn. The pace of growth was the most pronounced in 2018 an increase of X% year-to-year. As a result, export price attained the peak level of $X per ton. from 2019 to 2020, the growth in terms of the export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the Philippines ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Singapore, while the other leaders experienced mixed trends in the export price figures.

Imports of Instrument Panel And Wall Clocks

Imports in South-Eastern Asia

In 2020, after four years of decline, there was significant growth in supplies from abroad of instrument panel and wall clocks, when their volume increased by X% to X tons. In general, imports posted a significant increase. The growth pace was the most rapid in 2015 when imports increased by X% year-to-year. As a result, imports attained the peak of X tons. from 2016 to 2020, the growth imports remained at a lower figure.

In value terms, instrument panel and wall clock imports dropped to $X in 2020. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. The level of import peaked at $X in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

Imports by Country

The purchases of the one major importers of instrument panel and wall clocks, namely Myanmar, represented more than two-thirds of total import.

Myanmar was also the fastest-growing in terms of the instrument panel and wall clocks imports, with a CAGR of +X% from 2007 to 2020. Myanmar (+X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Myanmar ($X) constitutes the largest market for imported instrument panel and wall clocks in South-Eastern Asia.

In Myanmar, instrument panel and wall clock imports expanded at an average annual rate of +X% over the period from 2007-2020.

Import Prices by Country

The import price for instrument panel and wall clocks in South-Eastern Asia stood at $X per ton in 2020, dropping by -X% against the previous year. In general, the import price recorded a precipitous slump. The growth pace was the most rapid in 2017 when the import price increased by X% y-o-y. Over the period under review, import prices hit record highs at $X per ton in 2008; however, from 2009 to 2020, import prices failed to regain the momentum.

As there is only one major supplying country, the average price level is determined by prices for Myanmar.

From 2007 to 2020, the rate of growth in terms of prices for Myanmar amounted to -X% per year.

Source: IndexBox Platform

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