Eastern Asia: Electronic Material Tester Market 2024

Electronic Material Tester Market Size in Eastern Asia

The East Asian electronic material tester market contracted to $X in 2021, waning by -7.7% against the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, the market reached the peak level at $X in 2020, and then reduced in the following year.

Electronic Material Tester Production in Eastern Asia

In value terms, electronic material tester production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 16% against the previous year. As a result, production reached the peak level of $X, and then reduced in the following year.

Electronic Material Tester Exports

Exports in Eastern Asia

In 2021, exports of electronic machines and appliances for testing materials in Eastern Asia soared to X units, picking up by 26% against the previous year. In general, exports, however, showed a relatively flat trend pattern. The volume of export peaked at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, electronic material tester exports declined slightly to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 13% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

China (X units) and Taiwan (Chinese) (X units) represented roughly 72% of total exports in 2021. It was distantly followed by Japan (X units) and South Korea (X units), together creating a 23% share of total exports. Hong Kong SAR (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by China (with a CAGR of +17.7%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest electronic material tester supplying countries in Eastern Asia were China ($X), Japan ($X) and Taiwan (Chinese) ($X), with a combined 84% share of total exports.

China, with a CAGR of +9.4%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2021, declining by -21.1% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by 19% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2020, and then contracted rapidly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.0%), while the other leaders experienced more modest paces of growth.

Electronic Material Tester Imports

Imports in Eastern Asia

In 2021, overseas purchases of electronic machines and appliances for testing materials were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, recorded a noticeable contraction. The pace of growth appeared the most rapid in 2016 with an increase of 25% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, electronic material tester imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) was the largest importer of electronic machines and appliances for testing materials, comprising 50% of total imports. South Korea (X units) held a 24% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (12%), Japan (8.2%) and Hong Kong SAR (5%).

From 2012 to 2021, average annual rates of growth with regard to electronic material tester imports into China stood at -2.2%. At the same time, South Korea (+3.6%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +3.6% from 2012-2021. By contrast, Japan (-3.2%), Taiwan (Chinese) (-3.6%) and Hong Kong SAR (-11.4%) illustrated a downward trend over the same period. South Korea (+9.8 p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese) and Hong Kong SAR saw its share reduced by -1.7% and -7.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported electronic machines and appliances for testing materials in Eastern Asia, comprising 59% of total imports. The second position in the ranking was held by South Korea ($X), with a 19% share of total imports. It was followed by Japan, with a 9.7% share.

In China, electronic material tester imports increased at an average annual rate of +2.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (+5.6% per year) and Japan (+3.3% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, rising by 15% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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