ASEAN: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2024

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in ASEAN

In 2022, after six years of growth, there was significant decline in the ASEAN geometrical quantities electronic measurer market, when its value decreased by X% to $X. Over the period under review, consumption showed a buoyant expansion. The level of consumption peaked at $X in 2021, and then declined rapidly in the following year.

Production of Electronic Instruments And Machines For Measuring Geometrical Quantities in ASEAN

In value terms, geometrical quantities electronic measurer production expanded modestly to $X in 2022 estimated in export price. Overall, production showed a prominent expansion. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports in ASEAN

In 2022, approx. X units of electronic instruments and machines for measuring geometrical quantities were exported in ASEAN; with a decrease of X% on the previous year's figure. Over the period under review, exports, however, posted prominent growth. The pace of growth was the most pronounced in 2018 with an increase of X%. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, geometrical quantities electronic measurer exports dropped to $X in 2022. In general, exports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

Singapore was the major exporter of electronic instruments and machines for measuring geometrical quantities in ASEAN, with the volume of exports accounting for X units, which was approx. X% of total exports in 2022. Thailand (X units) ranks second in terms of the total exports with a X% share, followed by Malaysia (X%). Indonesia (X units), Vietnam (X units) and the Philippines (X units) took a little share of total exports.

Exports from Singapore increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), the Philippines (X%), Malaysia (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. Thailand experienced a relatively flat trend pattern. While the share of Singapore (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.) and Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X), Malaysia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

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

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, declining by X% against the previous year. Overall, the export price continues to indicate a mild decrease. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports in ASEAN

In 2022, purchases abroad of electronic instruments and machines for measuring geometrical quantities decreased by X% to X units for the first time since 2013, thus ending a eight-year rising trend. Overall, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports attained the maximum at X units in 2021, and then dropped in the following year.

In value terms, geometrical quantities electronic measurer imports reached $X in 2022. In general, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2017 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Singapore was the key importer of electronic instruments and machines for measuring geometrical quantities in ASEAN, with the volume of imports reaching X units, which was near X% of total imports in 2022. It was distantly followed by Thailand (X units), Indonesia (X units), Vietnam (X units) and Malaysia (X units), together constituting a X% share of total imports. The Philippines (X units) followed a long way behind the leaders.

Imports into Singapore increased at an average annual rate of X% from 2012 to 2022. At the same time, the Philippines (X%), Vietnam (X%), Indonesia (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) illustrated a downward trend over the same period. While the share of Singapore (X p.p.), the Philippines (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (X p.p.), Indonesia (X p.p.) and Thailand (X p.p.) displayed negative dynamics.

In value terms, Singapore ($X) constitutes the largest market for imported electronic instruments and machines for measuring geometrical quantities in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

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

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, surging by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the import prices remained at a somewhat lower figure.

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 Vietnam ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :