Asia-Pacific: Market for Insulated electric conductors for a voltage over 1000 V 2024

Market Size for Insulated electric conductors for a voltage over 1000 V in Asia-Pacific

The Asia-Pacific market for insulated electric conductors for a voltage over X v expanded slightly to $X in 2023, picking up by X% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Production of Insulated electric conductors for a voltage over X V in Asia-Pacific

In value terms, production of insulated electric conductors for a voltage over X v amounted to $X in 2023 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production of growth remained at a lower figure.

Exports of Insulated electric conductors for a voltage over 1000 V

Exports in Asia-Pacific

In 2023, overseas shipments of insulated electric conductors for a voltage over X v increased by X% to X tons, rising for the third consecutive year after two years of decline. Total exports indicated a prominent increase 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 with an increase of X%. The volume of export peaked in 2023 and is likely to see gradual growth in years to come.

In value terms, exports of insulated electric conductors for a voltage over X v expanded notably to $X in 2023. Total exports indicated a buoyant expansion 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. Over the period under review, the exports of attained the maximum in 2023 and are likely to see steady growth in the immediate term.

Exports by Country

China was the largest exporter of insulated electric conductors for a voltage over X v in Asia-Pacific, with the volume of exports recording X tons, which was approx. X% of total exports in 2023. South Korea (X tons) ranks second in terms of the total exports with a X% share, followed by India (X%). The following exporters - Vietnam (X tons) and Japan (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to insulated electric conductors for a voltage over X v exports from China stood at X%. At the same time, Vietnam (X%) and India (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. South Korea experienced a relatively flat trend pattern. By contrast, Japan (X%) illustrated a downward trend over the same period. China (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while India, Japan and South Korea saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

In value terms, China ($X) remains the largest insulated electric conductors for a voltage over X v supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by India, with a X% share.

In China, exports of insulated electric conductors for a voltage over X v expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: South Korea (X% per year) and India (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, declining by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 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 India ($X per ton), while China ($X per ton) was amongst the lowest.

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

Imports of Insulated electric conductors for a voltage over 1000 V

Imports in Asia-Pacific

In 2023, purchases abroad of insulated electric conductors for a voltage over X v decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Total imports indicated strong growth 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. The pace of growth appeared the most rapid in 2018 with an increase of X%. The volume of import peaked at X tons in 2022, and then declined in the following year.

In value terms, imports of insulated electric conductors for a voltage over X v dropped to $X in 2023. Total imports indicated noticeable growth 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports of reached the maximum at $X in 2022, and then reduced in the following year.

Imports by Country

In 2023, Australia (X tons), followed by Taiwan (Chinese) (X tons), Thailand (X tons), Bangladesh (X tons), the Philippines (X tons), Indonesia (X tons), Vietnam (X tons), India (X tons) and Japan (X tons) were the major importers of insulated electric conductors for a voltage over X v, together mixing up X% of total imports. Singapore (X tons), South Korea (X tons), China (X tons) and Malaysia (X tons) took a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest insulated electric conductors for a voltage over X v importing markets in Asia-Pacific were Australia ($X), Taiwan (Chinese) ($X) and Bangladesh ($X), with a combined X% share of total imports.

Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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-Pacific amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, recorded a mild contraction. The growth pace was the most rapid in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was China ($X per ton), while Thailand ($X per ton) 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