Report Update: Apr 1, 2024

Australia - Multimeters - Market Analysis, Forecast, Size, Trends And Insights

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Multimeter Price in Australia - 2023

Multimeter Price in Australia (CIF) - 2023

The average multimeter import price stood at $29.8 per unit in July 2023, with a decrease of -55.5% against the previous month. Overall, the import price, however, showed mild growth. The most prominent rate of growth was recorded in August 2022 an increase of 94% month-to-month. Over the period under review, average import prices reached the peak figure at $90.7 per unit in February 2023; however, from March 2023 to July 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($429 per unit), while the price for China amounted to $13.0 per unit.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+1.3%).

Multimeter Price in Australia (FOB) - 2022

The average multimeter export price stood at $62 per unit in 2022, which is down by -8.7% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 102% against the previous year. Over the period under review, the average export prices hit record highs at $85 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($62 per unit) and New Zealand ($62 per unit), while the average price for exports to South Korea ($62 per unit) and the UK ($62 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Multimeter Imports in Australia

In 2022, imports of multimeters into Australia declined sharply to 553K units, reducing by -28.7% on the year before. Over the period under review, imports recorded a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. As a result, imports attained the peak of 776K units, and then dropped dramatically in the following year.

In value terms, multimeter imports fell modestly to $13M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +11.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 45%. As a result, imports attained the peak of $14M, and then contracted in the following year.

Import of Multimeter in Australia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	3.1	2.6	4.7	4.6	14.1%
China	2.9	3.2	5.2	4.6	16.6%
Malaysia	0.1	0.4	0.4	0.6	81.7%
South Korea	0.3	0.2	0.4	0.5	18.6%
Singapore	1.0	0.8	0.8	0.4	-26.3%
Taiwan (Chinese)	0.3	0.4	0.3	0.3	0.0%
Germany	0.2	0.2	0.3	0.3	14.5%
France	0.6	0.2	0.2	0.2	-30.7%
Others	1.3	1.7	1.7	2.0	15.4%
Total	9.8	9.6	13.9	13.5	11.3%

Top Suppliers of Multimeter to Australia in 2022:

China (321.4K units)
Malaysia (72.1K units)
South Korea (54.7K units)
Taiwan (Chinese) (38.1K units)
United States (16.2K units)
Germany (13.9K units)
Singapore (10.2K units)
France (3.7K units)

Multimeter Exports in Australia

In 2022, exports of multimeters from Australia soared to 41K units, with an increase of 328% on the previous year's figure. Over the period under review, exports showed a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, multimeter exports surged to $2.6M in 2022. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Multimeter in Australia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	12.2	17.8	15.9	985	332.2%
New Zealand	137	102	118	751	76.3%
Germany	2.1	7.5	39.1	169	331.7%
South Korea	N/A	N/A	N/A	127	0%
Papua New Guinea	39.0	46.0	21.1	87.7	31.0%
United States	883	25.3	74.5	80.5	-55.0%
Mongolia	N/A	N/A	N/A	68.1	0%
Japan	1.0	N/A	N/A	61.3	294.3%
Guatemala	N/A	N/A	97.0	N/A	0%
Others	312	125	290	232	-9.4%
Total	1,387	324	656	2,561	22.7%

Top Export Markets for Multimeter from Australia in 2022:

United Kingdom (16.0K units)
New Zealand (12.2K units)
Germany (2.7K units)
South Korea (2.0K units)
Papua New Guinea (1.4K units)
United States (1.3K units)
Mongolia (1.1K units)
Japan (1.0K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the multimeter market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26514310 - Multimeters

Country coverage:

Australia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Australia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023