Eastern Asia: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2024

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in Eastern Asia

The East Asian geometrical quantities electronic measurer market soared to $X in 2022, jumping by 98% against the previous year. Over the period under review, consumption continues to indicate a resilient expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Electronic Instruments And Machines For Measuring Geometrical Quantities in Eastern Asia

In value terms, geometrical quantities electronic measurer production reached $X in 2022 estimated in export price. The total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.7% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 25% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports in Eastern Asia

Geometrical quantities electronic measurer exports skyrocketed to X units in 2022, growing by 28% against 2021 figures. Over the period under review, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 98% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in the near future.

In value terms, geometrical quantities electronic measurer exports declined to $X in 2022. Total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +9.4% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 23%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped in the following year.

Exports by Country

China dominates exports structure, reaching X units, which was approx. 77% of total exports in 2022. Japan (X units) took the second position in the ranking, followed by South Korea (X units). All these countries together took approx. 18% share of total exports. Taiwan (Chinese) (X units) and Hong Kong SAR (X units) held a relatively small share of total exports.

China was also the fastest-growing in terms of the electronic instruments and machines for measuring geometrical quantities exports, with a CAGR of +31.7% from 2012 to 2022. At the same time, South Korea (+2.9%) and Hong Kong SAR (+1.9%) displayed positive paces of growth. By contrast, Taiwan (Chinese) (-2.9%) and Japan (-3.3%) illustrated a downward trend over the same period. China (+61 p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR, Taiwan (Chinese), South Korea and Japan saw its share reduced by -3.5%, -10.5%, -13.4% and -33.1% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest geometrical quantities electronic measurer supplier in Eastern Asia, comprising 51% of total exports. The second position in the ranking was taken by Japan ($X), with a 22% share of total exports. It was followed by South Korea, with a 14% share.

In China, geometrical quantities electronic measurer exports increased at an average annual rate of +9.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-3.1% per year) and South Korea (+3.8% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, declining by -29% 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 2021 when the export price increased by 20%. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.7%), while the other leaders experienced more modest paces of growth.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports in Eastern Asia

After three years of growth, overseas purchases of electronic instruments and machines for measuring geometrical quantities decreased by -1.8% to X units in 2022. Total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.4% against 2018 indices. The pace of growth appeared the most rapid in 2020 with an increase of 48% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then fell modestly in the following year.

In value terms, geometrical quantities electronic measurer imports dropped to $X in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

China represented the largest importing country with an import of around X units, which resulted at 61% of total imports. South Korea (X units) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by Japan (13%) and Hong Kong SAR (5%). Taiwan (Chinese) (X units) held a little share of total imports.

Imports into China increased at an average annual rate of +4.2% from 2012 to 2022. At the same time, Taiwan (Chinese) (+7.4%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +7.4% from 2012-2022. South Korea and Hong Kong SAR experienced a relatively flat trend pattern. By contrast, Japan (-2.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Taiwan (Chinese) increased by +11 and +1.7 percentage points, respectively.

In value terms, China ($X) constitutes the largest market for imported electronic instruments and machines for measuring geometrical quantities in Eastern Asia, comprising 70% of total imports. The second position in the ranking was held by South Korea ($X), with an 11% share of total imports. It was followed by Japan, with a 10% share.

In China, geometrical quantities electronic measurer imports increased at an average annual rate of +4.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (+0.9% per year) and Japan (+1.0% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, falling by -6.1% against the previous year. Import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, geometrical quantities electronic measurer import price decreased by -42.5% against 2018 indices. The growth pace was the most rapid in 2018 when the import price increased by 21%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+3.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :