Asia: Market for Automatic Circuit Breakers for over 1000 V 2024

Market Size for Automatic Circuit Breakers for over 1000 V in Asia

The Asian market for automatic circuit breakers for over X v expanded rapidly to $X in 2023, picking up by X% against the previous year. The total consumption indicated a strong increase from 2012 to 2023: its value 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, consumption decreased by X% against 2021 indices. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Automatic Circuit Breakers for over X V in Asia

In value terms, production of automatic circuit breakers for over X v rose rapidly to $X in 2023 estimated in export price. The total production indicated a perceptible expansion 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 growth pace was the most rapid in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production of growth remained at a lower figure.

Exports of Automatic Circuit Breakers for over 1000 V

Exports in Asia

In 2023, overseas shipments of automatic circuit breakers for over X v increased by X% to X units, rising for the third year in a row after three years of decline. Over the period under review, exports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at X units in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, exports of automatic circuit breakers for over X v expanded markedly to $X in 2023. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports of remained at a lower figure.

Exports by Country

In 2023, South Korea (X units), distantly followed by China (X units), India (X units), Japan (X units) and Turkey (X units) were the largest exporters of automatic circuit breakers for over X v, together making up X% of total exports. Malaysia (X units) held a little share 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 Malaysia (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, China ($X), South Korea ($X) and India ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Asia amounted to $X per unit, surging by X% against the previous year. Overall, the export price enjoyed a prominent increase. 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 at $X per unit in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.

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 China ($X per unit), while South Korea ($X per unit) was amongst the lowest.

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

Imports of Automatic Circuit Breakers for over 1000 V

Imports in Asia

In 2023, the amount of automatic circuit breakers for over X v imported in Asia skyrocketed to X units, picking up by X% compared with 2022 figures. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports of reached the maximum at X units in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of automatic circuit breakers for over X v surged to $X in 2023. Overall, imports, however, recorded a noticeable shrinkage. Over the period under review, imports of attained the maximum at $X in 2017; however, from 2018 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Malaysia (X units), distantly followed by Turkey (X units), the Philippines (X units), Indonesia (X units), Thailand (X units) and Kuwait (X units) were the major importers of automatic circuit breakers for over X v, together generating X% of total imports. Bangladesh (X units), Myanmar (X units), Taiwan (Chinese) (X units), Vietnam (X units), Kazakhstan (X units), the United Arab Emirates (X units) and Uzbekistan (X units) held a relatively small share of total imports.

Imports into Malaysia increased at an average annual rate of X% from 2012 to 2023. At the same time, Myanmar (X%), Uzbekistan (X%), Bangladesh (X%), Taiwan (Chinese) (X%), Kuwait (X%), the Philippines (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2023. Turkey experienced a relatively flat trend pattern. By contrast, Vietnam (X%), the United Arab Emirates (X%), Kazakhstan (X%) and Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Malaysia, Myanmar, the Philippines, Bangladesh, Kuwait, Uzbekistan, Taiwan (Chinese) and Thailand increased by X, X, X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest automatic circuit breakers for over X v importing markets in Asia were Turkey ($X), the Philippines ($X) and Malaysia ($X), together accounting for X% of total imports. Myanmar, Thailand, Indonesia, Kuwait, Taiwan (Chinese), Vietnam, Bangladesh, the United Arab Emirates, Kazakhstan and Uzbekistan lagged somewhat behind, together accounting for a further X%.

Myanmar, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 2023, the import price in Asia amounted to $X per unit, approximately mirroring the previous year. In general, the import price showed a pronounced decline. The pace of growth was the most pronounced in 2019 an increase of X%. The level of import peaked at $X per unit in 2021; however, from 2022 to 2023, import prices failed to regain momentum.

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

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

Source: IndexBox Platform