South-Eastern Asia: Market for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V 2024

Market Size for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V in South-Eastern Asia

The Southeast Asian electrical board and console market skyrocketed to $X in 2023, with an increase of X% against the previous year. Overall, consumption showed a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding X V in South-Eastern Asia

In value terms, electrical board and console production stood at $X in 2023 estimated in export price. The total production indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2021; afterwards, it flattened through to 2023.

Exports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Exports in South-Eastern Asia

Electrical board and console exports contracted dramatically to X units in 2023, with a decrease of X% compared with 2022 figures. Overall, exports saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2019 when exports increased by X%. As a result, the exports reached the peak of X units. From 2020 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, electrical board and console exports declined significantly to $X in 2023. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

In 2023, Malaysia (X units), distantly followed by Thailand (X units), Indonesia (X units), Singapore (X units) and Vietnam (X units) represented the main exporters of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v, together creating X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Thailand (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the largest electrical board and console supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

In Thailand, electrical board and console exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per unit, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Imports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Imports in South-Eastern Asia

In 2023, supplies from abroad of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v increased by X% to X units, rising for the second consecutive year after two years of decline. Total imports indicated a measured expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical board and console imports soared to $X in 2023. Overall, imports recorded a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Thailand represented the major importer of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v in South-Eastern Asia, with the volume of imports recording X units, which was near X% of total imports in 2023. Indonesia (X units) ranks second in terms of the total imports with an X% share, followed by Vietnam (X%), the Philippines (X%), Malaysia (X%) and Singapore (X%). Lao People's Democratic Republic (X units) took a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to electrical board and console imports into Thailand stood at X%. At the same time, Lao People's Democratic Republic (X%), the Philippines (X%), Vietnam (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Indonesia (X%) and Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Thailand, the Philippines, Vietnam and Lao People's Democratic Republic increased by X, X, X and X percentage points, respectively.

In value terms, Thailand ($X) constitutes the largest market for imported boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by the Philippines ($X), with an X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Thailand stood at X%. In the other countries, the average annual rates were as follows: the Philippines (X% per year) and Indonesia (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2023, with an increase of X% against the previous year. Import price indicated a modest increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, electrical board and console import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform