Asia: Test And Measurement Market 2024

Test And Measurement Market Size in Asia

The Asian test and measurement market shrank to $X in 2022, reducing by X% against the previous year. The total consumption indicated a remarkable increase from 2012 to 2022: its value 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. Based on 2022 figures, consumption decreased by X% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Test And Measurement Production in Asia

In value terms, test and measurement production reduced to $X in 2022 estimated in export price. The total production indicated a strong expansion from 2012 to 2022: its value 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. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Test And Measurement Exports

Exports in Asia

In 2022, the amount of instruments and apparatus for measuring or checking pressure of liquids or gasses exported in Asia soared to X units, with an increase of X% on 2021 figures. Overall, exports posted a remarkable increase. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, test and measurement exports expanded notably to $X in 2022. Total exports indicated a buoyant increase from 2012 to 2022: its value 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. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

China was the largest exporter of instruments and apparatus for measuring or checking pressure of liquids or gasses in Asia, with the volume of exports amounting to X units, which was near X% of total exports in 2022. It was distantly followed by Singapore (X units) and Malaysia (X units), together generating a X% share of total exports. Hong Kong SAR (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to test and measurement exports from China stood at X%. At the same time, Singapore (X%), Hong Kong SAR (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Singapore increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest test and measurement supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

In China, test and measurement exports expanded 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 Malaysia (X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the export price saw a mild downturn. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat 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 Hong Kong SAR ($X per unit), while Singapore ($X per unit) was amongst the lowest.

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

Test And Measurement Imports

Imports in Asia

In 2022, overseas purchases of instruments and apparatus for measuring or checking pressure of liquids or gasses decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports attained the peak figure at X units in 2021, and then reduced slightly in the following year.

In value terms, test and measurement imports declined to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value 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. Based on 2022 figures, imports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

China (X units) and Singapore (X units) prevails in imports structure, together generating X% of total imports. It was distantly followed by Turkey (X units), achieving a X% share of total imports. India (X units), Thailand (X units), South Korea (X units) and Malaysia (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Singapore (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported instruments and apparatus for measuring or checking pressure of liquids or gasses in Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Singapore, 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: South Korea (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, remaining stable against the previous year. In general, the import price continues to indicate a drastic downturn. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 South Korea ($X per unit), while Singapore ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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