Asia: Tuner Block Market 2024

Tuner Block Market Size in Asia

The Asian tuner block market amounted to $X in 2022, standing approx. at the previous year. In general, consumption, however, saw a noticeable reduction. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Tuner Block Production in Asia

In value terms, tuner block production stood at $X in 2022 estimated in export price. In general, production, however, continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Tuner Block Exports

Exports in Asia

In 2022, the amount of tuner blocks exported in Asia fell to X units, declining by X% on the previous year's figure. Over the period under review, exports showed a slight setback. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, tuner block exports reduced to $X in 2022. Overall, exports saw a drastic downturn. 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 2022, the growth of the exports remained at a lower figure.

Exports by Country

China represented the major exporter of tuner blocks in Asia, with the volume of exports finishing at X units, which was approx. X% of total exports in 2022. It was distantly followed by Vietnam (X units), making up a X% share of total exports. The following exporters - Indonesia (X units), Hong Kong SAR (X units) and Thailand (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to tuner block exports from China stood at X%. At the same time, Vietnam (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest tuner block supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with an X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China stood at X%. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, picking up by X% against the previous year. In general, the export price, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the export prices attained 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 Thailand ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced a decline in the export price figures.

Tuner Block Imports

Imports in Asia

In 2022, approx. X units of tuner blocks were imported in Asia; declining by X% compared with the year before. In general, imports saw a perceptible setback. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, tuner block imports contracted remarkably to $X in 2022. Over the period under review, imports recorded a perceptible reduction. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units), distantly followed by the Philippines (X units), India (X units), South Korea (X units), Hong Kong SAR (X units), Saudi Arabia (X units) and Thailand (X units) represented the major importers of tuner blocks, together creating X% of total imports. Japan (X units), Singapore (X units), Vietnam (X units), Turkey (X units), Indonesia (X units) and Iraq (X units) held a little share of total imports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of imports of tuner blocks. At the same time, Saudi Arabia (X%), Indonesia (X%), the Philippines (X%), Singapore (X%), Vietnam (X%), Thailand (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Iraq experienced a relatively flat trend pattern. By contrast, Turkey (X%), Japan (X%), India (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of the Philippines (X p.p.), the United Arab Emirates (X p.p.), Saudi Arabia (X p.p.), South Korea (X p.p.), Thailand (X p.p.), Singapore (X p.p.), Indonesia (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of India (X p.p.) and Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), South Korea ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Hong Kong SAR, Singapore, India, Thailand, Vietnam, Indonesia, the Philippines, Iraq, Saudi Arabia and Turkey lagged somewhat behind, together comprising a further X%.

Indonesia, with a CAGR of X%, saw 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

The import price in Asia stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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