South-Eastern Asia: Electrical Signalling Apparatus Market 2025

Electrical Signalling Apparatus Market Size in South-Eastern Asia

The Southeast Asian electrical signalling apparatus market surged to $X in 2022, growing by 22% against the previous year. The total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +2.5% 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 -20.8% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Electrical Signalling Apparatus Production in South-Eastern Asia

In value terms, electrical signalling apparatus production expanded significantly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when the production volume increased by 38%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Electrical Signalling Apparatus Exports

Exports in South-Eastern Asia

After four years of growth, overseas shipments of electrical apparatus for sound or visual signalling decreased by -11.6% to X units in 2022. Overall, exports, however, saw prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 80%. As a result, the exports reached the peak of X units, and then dropped in the following year.

In value terms, electrical signalling apparatus exports declined remarkably to $X in 2022. In general, exports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 86% against the previous year. As a result, the exports reached the peak of $X, and then contracted markedly in the following year.

Exports by Country

Vietnam represented the major exporting country with an export of about X units, which amounted to 51% of total exports. Thailand (X units) took a 16% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (14%) and Indonesia (11%). The following exporters - the Philippines (X units) and Malaysia (X units) - each accounted for an 8.2% share of total exports.

Exports from Vietnam increased at an average annual rate of +66.6% from 2012 to 2022. At the same time, the Philippines (+69.7%), Indonesia (+65.6%) and Singapore (+9.8%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +69.7% from 2012-2022. By contrast, Thailand (-2.0%) and Malaysia (-6.5%) illustrated a downward trend over the same period. While the share of Vietnam (+50 p.p.), Indonesia (+11 p.p.) and the Philippines (+4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (-2.5 p.p.), Malaysia (-20.1 p.p.) and Thailand (-42.7 p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) remains the largest electrical signalling apparatus supplier in South-Eastern Asia, comprising 68% of total exports. The second position in the ranking was taken by Singapore ($X), with a 12% share of total exports. It was followed by Thailand, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value in Vietnam stood at +80.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (+9.3% per year) and Thailand (-8.9% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, falling by -7.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2015 an increase of 22%. Over the period under review, the export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+8.6%), while the other leaders experienced more modest paces of growth.

Electrical Signalling Apparatus Imports

Imports in South-Eastern Asia

In 2022, approx. X units of electrical apparatus for sound or visual signalling were imported in South-Eastern Asia; with an increase of 2.5% on 2021 figures. Over the period under review, imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2019 when imports increased by 27%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, electrical signalling apparatus imports surged to $X in 2022. Overall, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

Thailand was the largest importer of electrical apparatus for sound or visual signalling in South-Eastern Asia, with the volume of imports recording X units, which was approx. 51% of total imports in 2022. Indonesia (X units) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (15%) and Vietnam (12%). The following importers - Malaysia (X units) and Cambodia (X units) - together made up 5.3% of total imports.

From 2012 to 2022, average annual rates of growth with regard to electrical signalling apparatus imports into Thailand stood at +7.5%. At the same time, Vietnam (+25.7%), Cambodia (+22.0%), Singapore (+8.5%) and Malaysia (+2.3%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +25.7% from 2012-2022. Indonesia experienced a relatively flat trend pattern. Vietnam (+9.5 p.p.), Thailand (+5.8 p.p.), Singapore (+2.9 p.p.) and Cambodia (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Indonesia saw its share reduced by -15% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electrical signalling apparatus importing markets in South-Eastern Asia were Thailand ($X), Singapore ($X) and Vietnam ($X), with a combined 86% share of total imports. Indonesia, Malaysia and Cambodia lagged somewhat behind, together accounting for a further 12%.

In terms of the main importing countries, Cambodia, with a CAGR of +23.3%, saw 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 South-Eastern Asia amounted to $X per unit, with an increase of 16% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the import price increased by 18% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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