Southern Asia: Measuring Instrument Market 2024

Measuring Instrument Market Size in Southern Asia

In 2022, the South Asian measuring instrument market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. In general, consumption, however, enjoyed a strong expansion. The level of consumption peaked at $X in 2021, and then contracted modestly in the following year.

Measuring Instrument Production in Southern Asia

In value terms, measuring instrument production rose modestly to $X in 2022 estimated in export price. Overall, production, however, enjoyed prominent growth. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Measuring Instrument Exports

Exports in Southern Asia

In 2022, overseas shipments of instruments and apparatus for measuring or checking the flow or level of liquids decreased by X% to X units for the first time since 2014, thus ending a seven-year rising trend. Overall, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X units, leveling off in the following year.

In value terms, measuring instrument exports expanded remarkably to $X in 2022. Over the period under review, exports, however, showed a prominent expansion. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

The biggest shipments were from India (X units), together resulting at X% of total export.

India was also the fastest-growing in terms of the instruments and apparatus for measuring or checking the flow or level of liquids exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest measuring instrument supplier in Southern Asia.

In India, measuring instrument exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Measuring Instrument Imports

Imports in Southern Asia

In 2022, approx. X units of instruments and apparatus for measuring or checking the flow or level of liquids were imported in Southern Asia; waning by X% compared with the year before. In general, imports, however, recorded strong growth. 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 units, and then dropped remarkably in the following year.

In value terms, measuring instrument imports reached $X in 2022. Overall, imports, however, saw a moderate increase. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

India prevails in imports structure, resulting at X units, which was approx. X% of total imports in 2022. The following importers - Nepal (X units), Pakistan (X units) and Bangladesh (X units) - each recorded a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to measuring instrument imports into India stood at X%. At the same time, Nepal (X%), Bangladesh (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. While the share of Nepal (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of India (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported instruments and apparatus for measuring or checking the flow or level of liquids in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports. It was followed by Pakistan, with a X% share.

In India, measuring instrument imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Pakistan (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the import price, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the 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 Bangladesh ($X per unit), while Nepal ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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