ASEAN: Electronic Metal Tester Market 2024

Electronic Metal Tester Market Size in ASEAN

The ASEAN electronic metal tester market stood at $X.1B in 2022, remaining constant against the previous year. Overall, consumption recorded a strong increase. Over the period under review, the market attained the peak level at $X.1B in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Electronic Metal Tester Production in ASEAN

In value terms, electronic metal tester production stood at $X in 2022 estimated in export price. Over the period under review, production showed strong growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X.8B in 2020; however, from 2021 to 2022, production remained at a lower figure.

Electronic Metal Tester Exports

Exports in ASEAN

In 2022, exports of electronic machines and appliances for testing metals in ASEAN fell notably to X units, reducing by X% against the previous year. Overall, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X units, and then declined rapidly in the following year.

In value terms, electronic metal tester exports shrank remarkably to $X in 2022. In general, exports, however, saw a strong increase. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then declined remarkably in the following year.

Exports by Country

Malaysia prevails in exports structure, accounting for X units, which was approx. X% of total exports in 2022. Thailand (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (X%).

Malaysia was also the fastest-growing in terms of the electronic machines and appliances for testing metals exports, with a CAGR of X% from 2012 to 2022. Singapore (X%) and Thailand (X%) illustrated a downward trend over the same period. Malaysia (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore and Thailand saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Malaysia ($X) remains the largest electronic metal tester supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports.

In Malaysia, electronic metal tester exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, waning by X% against the previous year. Overall, the export price, however, saw a temperate expansion. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

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

Electronic Metal Tester Imports

Imports in ASEAN

In 2022, the amount of electronic machines and appliances for testing metals imported in ASEAN contracted significantly to X units, waning by X% against the year before. Over the period under review, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, electronic metal tester imports reached $X in 2022. In general, imports saw a deep reduction. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Thailand (X units) and the Philippines (X units) were the key importers of electronic machines and appliances for testing metals in 2022, reaching approx. X% and X% of total imports, respectively. It was distantly followed by Indonesia (X units), generating a X% share of total imports. The following importers - Malaysia (X units), Singapore (X units) and Vietnam (X units) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest electronic metal tester importing markets in ASEAN were Singapore ($X), Thailand ($X) and Vietnam ($X), together comprising X% of total imports.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, with an increase of X% against the previous year. Import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2014 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 Singapore ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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