ASEAN: Electronic Material Tester Market 2024

Electronic Material Tester Market Size in ASEAN

The ASEAN electronic material tester market stood at $X in 2021, surging by 3.5% against the previous year. Over the period under review, consumption, however, continues to indicate a pronounced contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Electronic Material Tester Production in ASEAN

In value terms, electronic material tester production rose sharply to $X in 2021 estimated in export price. In general, production continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 53% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Electronic Material Tester Exports

Exports in ASEAN

In 2021, the amount of electronic machines and appliances for testing materials exported in ASEAN soared to X units, rising by 45% against the year before. In general, exports, however, showed a perceptible contraction. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, electronic material tester exports skyrocketed to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Singapore (X units), distantly followed by Thailand (X units), Malaysia (X units) and Vietnam (X units) represented the largest exporters of electronic machines and appliances for testing materials, together generating 96% of total exports. The Philippines (X units) held a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +39.0%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest electronic material tester supplying countries in ASEAN were Singapore ($X), Malaysia ($X) and Vietnam ($X), together comprising 87% of total exports.

Vietnam, with a CAGR of +49.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2021, surging by 6.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2018 when the export price increased by 19% against the previous year. Over the period under review, the export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+19.8%), while the other leaders experienced more modest paces of growth.

Electronic Material Tester Imports

Imports in ASEAN

Electronic material tester imports skyrocketed to X units in 2021, increasing by 18% on 2020. In general, imports saw a relatively flat trend pattern. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, electronic material tester imports expanded markedly to $X in 2021. Overall, imports, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 10% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Vietnam (X units) and Indonesia (X units) represented roughly 65% of total imports in 2021. Thailand (X units) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (9.1%), Cambodia (4.7%) and Singapore (4.5%). The Philippines (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of +17.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2021, together comprising 71% of total imports. These countries were followed by Singapore, Malaysia, the Philippines and Cambodia, which together accounted for a further 29%.

Among the main importing countries, Cambodia, with a CAGR of +13.7%, saw the highest growth rate of 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 ASEAN stood at $X per unit in 2021, which is down by -8.1% against the previous year. Overall, the import price saw a noticeable shrinkage. The pace of growth was the most pronounced in 2018 when the import price increased by 29% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+11.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform