Asia-Pacific: Market for Instruments for Measuring Electrical Quantities 2025

Market Size for Instruments for Measuring Electrical Quantities in Asia-Pacific

In 2021, the Asia-Pacific market for instruments for measuring electrical quantities increased by 5.9% to $X, rising for the fourth year in a row after two years of decline. The market 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 level of consumption peaked in 2021 and is likely to see steady growth in the near future.

Production of Instruments for Measuring Electrical Quantities in Asia-Pacific

In value terms, instruments for measuring electrical quantities production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. As a result, production reached the peak level of $X, and then shrank in the following year.

Exports of Instruments for Measuring Electrical Quantities

Exports in Asia-Pacific

Instruments for measuring electrical quantities exports rose rapidly to X units in 2021, increasing by 11% on the previous year's figure. Total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +9.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +132.0% against 2013 indices. The pace of growth appeared the most rapid in 2014 with an increase of 51%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, instruments for measuring electrical quantities exports skyrocketed to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +9.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +120.9% against 2012 indices. The pace of growth appeared the most rapid in 2014 with an increase of 27% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

China dominates exports structure, recording X units, which was approx. 84% of total exports in 2021. It was distantly followed by Hong Kong SAR (X units), generating a 5.6% share of total exports. Japan (X units) and South Korea (X units) took a little share of total exports.

China was also the fastest-growing in terms of the instruments for measuring electrical quantities exports, with a CAGR of +19.2% from 2012 to 2021. At the same time, Hong Kong SAR (+7.3%) displayed positive paces of growth. By contrast, Japan (-1.1%) and South Korea (-6.7%) illustrated a downward trend over the same period. China (+45 p.p.) significantly strengthened its position in terms of the total exports, while Japan and South Korea saw its share reduced by -5.6% and -8.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest instruments for measuring electrical quantities supplier in Asia-Pacific, comprising 51% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 7.9% share of total exports. It was followed by Japan, with a 7.7% share.

In China, instruments for measuring electrical quantities exports increased at an average annual rate of +17.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (+3.6% per year) and Japan (+0.3% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, increasing by 4.4% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by 8.5% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+15.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Instruments for Measuring Electrical Quantities

Imports in Asia-Pacific

In 2021, the amount of instruments for measuring electrical quantities imported in Asia-Pacific rose markedly to X units, picking up by 13% against the previous year. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +83.4% against 2012 indices. The pace of growth was the most pronounced in 2017 when imports increased by 19%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, instruments for measuring electrical quantities imports soared to $X in 2021. The total import value increased at an average annual rate of +4.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia (X units), Hong Kong SAR (X units) and China (X units) represented roughly 57% of total imports in 2021. Japan (X units) took the next position in the ranking, followed by India (X units) and South Korea (X units). All these countries together took near 22% share of total imports. Vietnam (X units), Singapore (X units), Taiwan (Chinese) (X units), Thailand (X units) and Bangladesh (X units) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bangladesh (with a CAGR of +28.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported instruments for measuring electrical quantities in Asia-Pacific, comprising 29% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with an 11% share of total imports. It was followed by Japan, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +4.1%. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (+6.2% per year) and Japan (-0.9% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2021, growing by 14% against the previous year. Overall, the import price, however, saw a perceptible setback. Over the period under review, import prices attained the maximum 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, 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 Taiwan (Chinese) (+15.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :