Asia: Electronic Metal Tester Market 2024

Electronic Metal Tester Market Size in Asia

In 2021, the Asian electronic metal tester market decreased by -6.5% to $X, falling for the fourth year in a row after two years of growth. Overall, consumption continues to indicate a pronounced descent. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Electronic Metal Tester Production in Asia

In value terms, electronic metal tester production shrank modestly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 15% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Electronic Metal Tester Exports

Exports in Asia

Electronic metal tester exports skyrocketed to X units in 2021, increasing by 48% against 2020 figures. Over the period under review, exports recorded a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electronic metal tester exports soared to $X in 2021. The total export value increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, recording X units, which was near 79% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X units), creating a 5% share of total exports. The following exporters - Turkey (X units), India (X units), Hong Kong SAR (X units), Israel (X units) and Japan (X units) - together made up 12% of total exports.

Exports from China increased at an average annual rate of +15.2% from 2012 to 2021. At the same time, India (+34.2%), Israel (+15.7%), Hong Kong SAR (+6.2%) and Turkey (+3.3%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +34.2% from 2012-2021. By contrast, Taiwan (Chinese) (-8.3%) and Japan (-13.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and India increased by +34 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electronic metal tester supplier in Asia, comprising 34% of total exports. The second position in the ranking was held by Israel ($X), with a 9.9% share of total exports. It was followed by Taiwan (Chinese), with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +5.7%. In the other countries, the average annual rates were as follows: Israel (+16.5% per year) and Taiwan (Chinese) (-4.1% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, which is down by -4.4% against the previous year. In general, the export price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2016 an increase of 8.4%. As a result, the export price reached the peak level of $X per unit. From 2017 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 Israel ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.6%), while the other leaders experienced more modest paces of growth.

Electronic Metal Tester Imports

Imports in Asia

In 2021, imports of electronic machines and appliances for testing metals in Asia surged to X units, with an increase of 17% on 2020 figures. Over the period under review, imports, however, saw a slight shrinkage. The volume of import peaked at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, electronic metal tester imports dropped to $X in 2021. Overall, imports, however, continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2017 when imports increased by 10% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units), distantly followed by Taiwan (Chinese) (X units), South Korea (X units), Turkey (X units), Indonesia (X units) and Japan (X units) represented the key importers of electronic machines and appliances for testing metals, together constituting 79% of total imports. The following importers - the Philippines (X units), Singapore (X units), India (X units), Vietnam (X units), Malaysia (X units) and the United Arab Emirates (X units) - together made up 15% of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +17.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported electronic machines and appliances for testing metals in Asia, comprising 42% of total imports. The second position in the ranking was taken by South Korea ($X), with a 9% share of total imports. It was followed by India, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to -3.2%. In the other countries, the average annual rates were as follows: South Korea (-4.1% per year) and India (+6.8% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, waning by -19.2% against the previous year. In general, the import price saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 21%. Over the period under review, import prices attained the maximum at $X per unit in 2020, and then contracted rapidly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+9.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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