Southern Asia: Market for Instrument Panel And Wall Clocks 2022

Market Size for Instrument Panel And Wall Clocks in Southern Asia

In 2020, after five years of growth, there was significant decline in the South Asian market for instrument panel and wall clocks, when its value decreased by -X% to $X. Over the period under review, consumption, however, continues to indicate a significant increase. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, the market reached the peak level at $X in 2019, and then declined in the following year.

Production of Instrument Panel And Wall Clocks in Southern Asia

In value terms, instrument panel and wall clock production expanded sharply to $X in 2020 estimated in export prices. In general, production showed a remarkable increase. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Over the period under review, production reached the maximum level in 2020 and is likely to continue growth in the near future.

Production By Country in Southern Asia

India (X tons) remains the largest instrument panel and wall clock producing country in Southern Asia, comprising approx. X% of total volume. Moreover, instrument panel and wall clock production in India exceeded the figures recorded by the second-largest producer, Bangladesh (X tons), more than tenfold.

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

Exports of Instrument Panel And Wall Clocks

Exports in Southern Asia

In 2020, overseas shipments of instrument panel and wall clocks increased by X% to X tons for the first time since 2015, thus ending a four-year declining trend. Over the period under review, exports, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at X tons in 2015; however, from 2016 to 2020, exports remained at a lower figure.

In value terms, instrument panel and wall clock exports fell modestly to $X in 2020. In general, exports, however, showed a perceptible expansion. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2020, exports remained at a lower figure.

Exports by Country

India represented the main exporting country with an export of around X tons, which finished at X% of total exports. It was distantly followed by Bangladesh (X tons), constituting a X% share of total exports.

From 2007 to 2020, average annual rates of growth with regard to instrument panel and wall clock exports from India stood at -X%. At the same time, Bangladesh (+X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +X% from 2007-2020. Bangladesh (+X p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, India ($X) remains the largest instrument panel and wall clock supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was occupied by Bangladesh ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value in India stood at +X%.

Export Prices by Country

In 2020, the export price for instrument panel and wall clocks in Southern Asia amounted to $X per ton, waning by -X% against the previous year. Overall, the export price, however, posted resilient growth. The pace of growth appeared the most rapid in 2018 when the export price increased by X% year-to-year. The level of export peaked at $X per ton in 2019, and then dropped sharply in the following year.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Bangladesh.

Imports of Instrument Panel And Wall Clocks

Imports in Southern Asia

In 2020, purchases abroad of instrument panel and wall clocks decreased by -X% to X tons, falling for the second year in a row after three years of growth. Overall, imports, however, continue to indicate a tangible increase. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. As a result, imports attained the peak of X tons. from 2019 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, instrument panel and wall clock imports fell notably to $X in 2020. Total imports indicated a modest increase 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, imports decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. The level of import peaked at $X in 2010; however, from 2011 to 2020, imports remained at a lower figure.

Imports by Country

India represented the largest importing country with an import of about X tons, which recorded X% of total imports. Bangladesh (X tons) held the second position in the ranking, followed by Sri Lanka (X tons). All these countries together held approx. X% share of total imports. Nepal (X tons) and Afghanistan (X tons) occupied a little share of total imports.

Imports into India increased at an average annual rate of +X% from 2007 to 2020. At the same time, Afghanistan (+X%), Sri Lanka (+X%), Nepal (+X%) and Bangladesh (+X%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +X% from 2007-2020. Sri Lanka (+X p.p.) and India (+X p.p.) significantly strengthened its position in terms of the total imports, while Bangladesh saw its share reduced by -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest instrument panel and wall clock importing markets in Southern Asia were India ($X), Bangladesh ($X) and Sri Lanka ($X), together accounting for X% of total imports.

In terms of the main importing countries, Bangladesh recorded 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 2020, the import price for instrument panel and wall clocks in Southern Asia amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, recorded a perceptible descent. The pace of growth appeared the most rapid in 2011 when the import price increased by X% year-to-year. As a result, import price reached the peak level of $X per ton. from 2012 to 2020, the growth in terms of the import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Bangladesh ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :