ASEAN: Market for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases 2025

Market Size for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in ASEAN

The ASEAN market for non-electronic instruments for measuring or checking variables of liquids or gases fell to $X in 2021, reducing by -6% against the previous year. The market value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then fell in the following year.

Production of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in ASEAN

In value terms, non-electronic liquid or gas measurer production dropped to $X in 2021 estimated in export price. The total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +10.4% against 2017 indices. The growth pace was the most rapid in 2020 with an increase of 25%. As a result, production reached the peak level of $X, and then contracted in the following year.

Exports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Exports in ASEAN

For the sixth consecutive year, ASEAN recorded growth in shipments abroad of non-electronic instruments for measuring or checking variables of liquids or gases, which increased by 50% to X units in 2021. Over the period under review, exports recorded a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-electronic liquid or gas measurer exports rose rapidly 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 remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when exports increased by 15% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Vietnam (X units) and Thailand (X units) represented roughly 76% of total exports in 2021. Singapore (X units) ranks next in terms of the total exports with a 16% share, followed by Malaysia (5.1%). Indonesia (X units) took a minor share of total exports.

From 2012 to 2021, the biggest increases were in Thailand (with a CAGR of +50.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Singapore ($X) and Malaysia ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 87% share of total exports. Thailand and Indonesia lagged somewhat behind, together accounting for a further 13%.

Thailand, with a CAGR of +21.7%, saw the highest growth rate of 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, waning by -24.4% against the previous year. Over the period under review, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2013 when the export price increased by 16%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 Indonesia (+12.9%), while the other leaders experienced a decline in the export price figures.

Imports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Imports in ASEAN

In 2021, supplies from abroad of non-electronic instruments for measuring or checking variables of liquids or gases was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 33%. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, non-electronic liquid or gas measurer imports expanded significantly to $X in 2021. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 28%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Indonesia represented the major importer of non-electronic instruments for measuring or checking variables of liquids or gases in ASEAN, with the volume of imports finishing at X units, which was near 56% of total imports in 2021. Thailand (X units) held the second position in the ranking, distantly followed by Vietnam (X units), Singapore (X units), Malaysia (X units) and the Philippines (X units). All these countries together took near 44% share of total imports.

Imports into Indonesia increased at an average annual rate of +4.3% from 2012 to 2021. At the same time, the Philippines (+46.2%) and Vietnam (+13.9%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +46.2% from 2012-2021. Malaysia experienced a relatively flat trend pattern. By contrast, Singapore (-5.2%) and Thailand (-8.0%) illustrated a downward trend over the same period. While the share of Indonesia (+16 p.p.), Vietnam (+6.8 p.p.) and the Philippines (+4.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Singapore (-3.3 p.p.) and Thailand (-23.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest non-electronic liquid or gas measurer importing markets in ASEAN were Indonesia ($X), Vietnam ($X) and Thailand ($X), with a combined 67% share of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of +22.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per unit, rising by 7.8% 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 2013 when the import price increased by 29%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: 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 Thailand (+7.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform