Thailand: Multimeter Market 2024

Multimeter Market Size in Thailand

The Thai multimeter market dropped to $X in 2022, falling by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Multimeter consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Multimeter Production in Thailand

In value terms, multimeter production declined slightly to $X in 2022 estimated in export price. Overall, production recorded a mild decline. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Multimeter Exports

Exports from Thailand

In 2022, approx. X units of multimeters were exported from Thailand; with a decrease of X% against the previous year's figure. Overall, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, multimeter exports contracted to $X in 2022. Over the period under review, exports, however, posted resilient growth. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced in the following year.

Exports by Country

Singapore (X units) was the main destination for multimeter exports from Thailand, with a X% share of total exports. Moreover, multimeter exports to Singapore exceeded the volume sent to the second major destination, the United States (X units), twofold. Belgium (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Belgium (X% per year).

In value terms, Singapore ($X), China ($X) and the United States ($X) appeared to be the largest markets for multimeter exported from Thailand worldwide, with a combined X% share of total exports.

Singapore, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average multimeter export price stood at $X per unit in 2022, growing by X% against the previous year. In general, the export price, however, continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Multimeter Imports

Imports into Thailand

In 2022, the amount of multimeters imported into Thailand skyrocketed to X units, rising by X% against 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, multimeter imports surged to $X in 2022. Overall, imports, however, continue to indicate a mild decrease. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of multimeter to Thailand, with a X% share of total imports. It was followed by Japan (X units), with a X% share of total imports. The third position in this ranking was taken by the United States (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and the United States (X% per year).

In value terms, China ($X), the United States ($X) and Japan ($X) appeared to be the largest multimeter suppliers to Thailand, together comprising X% of total imports.

China, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average multimeter import price stood at $X per unit in 2022, approximately mirroring the previous year. In general, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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