Eastern Asia: Multimeter Market 2024

Multimeter Market Size in Eastern Asia

The East Asian multimeter market expanded modestly to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Multimeter Production in Eastern Asia

In value terms, multimeter production expanded modestly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

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Multimeter Exports

Exports in Eastern Asia

In 2022, after two years of growth, there was significant decline in shipments abroad of multimeters, when their volume decreased by X% to X units. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X units, and then fell in the following year.

In value terms, multimeter exports contracted slightly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 modestly in the following year.

Exports by Country

China prevails in exports structure, accounting for X units, which was near X% of total exports in 2022. It was distantly followed by Hong Kong SAR (X units), creating a X% share of total exports. The following exporters - South Korea (X units) and Taiwan (Chinese) (X units) - each recorded a X% share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Taiwan (Chinese) (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Taiwan (Chinese) (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, China ($X) remains the largest multimeter supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while China ($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 more modest paces of growth.

Multimeter Imports

Imports in Eastern Asia

In 2022, overseas purchases of multimeters decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. In general, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The volume of import peaked at X units in 2021, and then plummeted in the following year.

In value terms, multimeter imports shrank markedly to $X in 2022. Overall, imports showed a slight slump. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then reduced notably in the following year.

Imports by Country

Hong Kong SAR was the key importing country with an import of around X units, which reached X% of total imports. It was distantly followed by Japan (X units), South Korea (X units) and Taiwan (Chinese) (X units), together comprising a X% share of total imports. China (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to multimeter imports into Hong Kong SAR stood at X%. At the same time, Taiwan (Chinese) (X%), China (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) illustrated a downward trend over the same period. While the share of Japan (X p.p.), Taiwan (Chinese) (X p.p.), South Korea (X p.p.) and China (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Hong Kong SAR (X p.p.) displayed negative dynamics.

In value terms, the largest multimeter importing markets in Eastern Asia were Hong Kong SAR ($X), South Korea ($X) and Japan ($X), together comprising X% of total imports.

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

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, surging by X% against the previous year. Import price indicated strong growth 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. Based on 2022 figures, multimeter import price increased by X% against 2015 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Hong Kong SAR ($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 import price figures.

Source: IndexBox Platform

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