South-Eastern Asia: Multimeter Market 2024

Multimeter Market Size in South-Eastern Asia

In 2022, the Southeast Asian multimeter market increased by X% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated temperate growth 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 increased by X% against 2020 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Multimeter Production in South-Eastern Asia

In value terms, multimeter production dropped to $X in 2022 estimated in export price. The total production indicated slight growth 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 growth pace was the most rapid in 2016 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Multimeter Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of multimeters decreased by X% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, saw a strong expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The volume of export peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, multimeter exports contracted dramatically to $X in 2022. Overall, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

Singapore was the main exporting country with an export of about X units, which amounted to X% of total exports. Myanmar (X units) held the second position in the ranking, distantly followed by Thailand (X units) and Malaysia (X units). All these countries together held near X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the largest multimeter supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Thailand, with an X% share.

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

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, waning by X% against the previous year. Overall, the export price, however, showed a modest increase. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2015 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 Malaysia ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

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

Multimeter Imports

Imports in South-Eastern Asia

In 2022, multimeter imports in South-Eastern Asia soared to X units, rising by X% against 2021. Over the period under review, imports showed a strong expansion. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, multimeter imports soared to $X in 2022. In general, imports enjoyed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Indonesia (X units) represented the major importer of multimeters, mixing up X% of total imports. Malaysia (X units) ranks second in terms of the total imports with a X% share, followed by Thailand (X%), Singapore (X%) and Vietnam (X%).

Indonesia was also the fastest-growing in terms of the multimeters imports, with a CAGR of X% from 2012 to 2022. At the same time, Malaysia (X%), Singapore (X%), Vietnam (X%) and Thailand (X%) displayed positive paces of growth. Indonesia (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total imports, while Vietnam and Thailand saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X), Singapore ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Malaysia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the import price, however, recorded a pronounced curtailment. The growth pace was the most rapid in 2020 an increase of X%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood 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 ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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