ASEAN: Market for Instruments for Measuring Electrical Quantities 2025

Market Size for Instruments for Measuring Electrical Quantities in ASEAN

The ASEAN market for instruments for measuring electrical quantities surged to $X in 2021, increasing by 19% against the previous year. Over the period under review, consumption, however, saw strong growth. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the near future.

Production of Instruments for Measuring Electrical Quantities in ASEAN

In value terms, instruments for measuring electrical quantities production reduced to $X in 2021 estimated in export price. The total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +93.7% against 2016 indices. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. As a result, production reached the peak level of $X, and then fell in the following year.

Exports of Instruments for Measuring Electrical Quantities

Exports in ASEAN

In 2021, exports of instruments for measuring electrical quantities in ASEAN shrank notably to X units, waning by -29.6% against 2020. Over the period under review, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2020 when exports increased by 28% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, instruments for measuring electrical quantities exports declined slightly to $X in 2021. The total export value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 38% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia (X units) and Singapore (X units) represented roughly 60% of total exports in 2021. Thailand (X units) took the next position in the ranking, followed by Indonesia (X units) and Vietnam (X units). All these countries together held near 40% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +31.2%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Singapore ($X), Malaysia ($X) and Thailand ($X) were the countries with the highest levels of exports in 2021, together accounting for 93% of total exports. These countries were followed by Indonesia and Vietnam, which together accounted for a further 5.6%.

Vietnam, with a CAGR of +31.5%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per unit, with an increase of 36% against the previous year. In general, the export price recorded a resilient increase. The growth pace was the most rapid in 2019 an increase of 64% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+15.8%), while the other leaders experienced more modest paces of growth.

Imports of Instruments for Measuring Electrical Quantities

Imports in ASEAN

In 2021, supplies from abroad of instruments for measuring electrical quantities decreased by -8.5% to X units for the first time since 2018, thus ending a two-year rising trend. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +10.6% against 2017 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 39% against the previous year. Over the period under review, imports attained the maximum at X units in 2020, and then dropped in the following year.

In value terms, instruments for measuring electrical quantities imports amounted to $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +83.8% against 2012 indices. The most prominent rate of growth was recorded in 2017 with an increase of 27%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the near future.

Imports by Country

Indonesia represented the largest importing country with an import of about X units, which recorded 61% of total imports. Vietnam (X units) ranks second in terms of the total imports with a 13% share, followed by Singapore (13%) and Thailand (8.3%). Malaysia (X units) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to instruments for measuring electrical quantities imports into Indonesia stood at +7.2%. At the same time, Vietnam (+20.2%), Malaysia (+19.6%) and Thailand (+3.3%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +20.2% from 2012-2021. Singapore experienced a relatively flat trend pattern. From 2012 to 2021, the share of Vietnam, Malaysia and Indonesia increased by +8.6, +2.6 and +2.6 percentage points, respectively.

In value terms, Singapore ($X), Thailand ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 70% of total imports.

Vietnam, with a CAGR of +15.5%, recorded 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 ASEAN stood at $X per unit in 2021, picking up by 20% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the import price increased by 20%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform