Eastern Asia: Electronic Metal Tester Market 2024

Electronic Metal Tester Market Size in Eastern Asia

The East Asian electronic metal tester market fell to $X in 2021, waning by -12.8% against the previous year. Over the period under review, consumption continues to indicate a perceptible curtailment. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Electronic Metal Tester Production in Eastern Asia

In value terms, electronic metal tester production shrank slightly to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 32% 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 Eastern Asia

In 2021, the amount of electronic machines and appliances for testing metals exported in Eastern Asia surged to X units, with an increase of 50% against 2020. Over the period under review, exports showed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electronic metal tester exports skyrocketed to $X in 2021. Overall, exports, however, showed a slight contraction. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, recording X units, which was near 88% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X units), achieving a 5.5% share of total exports. Hong Kong SAR (X units), Japan (X units) and South Korea (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the electronic machines and appliances for testing metals exports, with a CAGR of +15.2% from 2012 to 2021. At the same time, Hong Kong SAR (+6.2%) displayed positive paces of growth. By contrast, South Korea (-4.4%), Taiwan (Chinese) (-8.3%) and Japan (-13.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +37 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electronic metal tester supplier in Eastern Asia, comprising 65% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 12% share of total exports. It was followed by Japan, with a 10% share.

In China, electronic metal tester exports increased at an average annual rate of +5.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (-4.1% per year) and Japan (-11.5% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2021, falling by -17.6% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2014 an increase of 9.5%. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.6%), while the other leaders experienced mixed trends in the export price figures.

Electronic Metal Tester Imports

Imports in Eastern Asia

In 2021, purchases abroad of electronic machines and appliances for testing metals increased by 13% to X units for the first time since 2017, thus ending a three-year declining trend. Total imports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by 28% against the previous year. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, electronic metal tester imports contracted notably to $X in 2021. In general, imports, however, continue to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 20%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units), distantly followed by Taiwan (Chinese) (X units), South Korea (X units) and Japan (X units) were the largest importers of electronic machines and appliances for testing metals, together mixing up 99% 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 Japan (with a CAGR of +12.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported electronic machines and appliances for testing metals in Eastern Asia, comprising 67% of total imports. The second position in the ranking was taken by South Korea ($X), with a 14% share of total imports. It was followed by Taiwan (Chinese), with a 10% share.

In China, electronic metal tester imports plunged by an average annual rate of -3.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-4.1% per year) and Taiwan (Chinese) (-2.4% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per unit, shrinking by -25.8% against the previous year. Over the period under review, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2018 when the import price increased by 39%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per unit), while Japan ($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 (-1.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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