Eastern Asia: Test And Measurement Market 2025

Test And Measurement Market Size in Eastern Asia

After six years of growth, the East Asian test and measurement market decreased by -5.8% to $X in 2021. The total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then fell in the following year.

Test And Measurement Production in Eastern Asia

In value terms, test and measurement production stood at $X in 2021 estimated in export price. Over the period under review, production recorded a temperate increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 169%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Test And Measurement Exports

Exports in Eastern Asia

In 2021, the amount of instruments and apparatus for measuring or checking pressure of liquids or gasses exported in Eastern Asia soared to X units, increasing by 24% against 2020 figures. Over the period under review, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 584% against the previous year. Over the period under review, the exports reached the maximum at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, test and measurement exports surged to $X in 2021. Total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +9.3% 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 +121.8% against 2012 indices. 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, reaching X units, which was near 80% of total exports in 2021. Japan (X units) ranks second in terms of the total exports with an 8.3% share, followed by Hong Kong SAR (5%). The following exporters - Taiwan (Chinese) (X units) and South Korea (X units) - together made up 6.9% of total exports.

From 2012 to 2021, average annual rates of growth with regard to test and measurement exports from China stood at +9.7%. At the same time, South Korea (+47.3%), Hong Kong SAR (+33.7%), Japan (+10.5%) and Taiwan (Chinese) (+9.1%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +47.3% from 2012-2021. While the share of Hong Kong SAR (+4.1 p.p.) and South Korea (+2.3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (-5.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest test and measurement supplier in Eastern Asia, comprising 62% of total exports. The second position in the ranking was taken by Japan ($X), with a 14% share of total exports. It was followed by South Korea, with a 10% share.

In China, test and measurement exports increased at an average annual rate of +11.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-0.7% per year) and South Korea (+20.8% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, growing by 9.3% against the previous year. Over the period under review, the export price, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2016 when the export price increased by 677% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, 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 China (+1.6%), while the other leaders experienced mixed trends in the export price figures.

Test And Measurement Imports

Imports in Eastern Asia

For the third consecutive year, Eastern Asia recorded growth in supplies from abroad of instruments and apparatus for measuring or checking pressure of liquids or gasses, which increased by 4.2% to X units in 2021. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 122%. The volume of import peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, test and measurement imports skyrocketed to $X in 2021. Overall, imports recorded a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China was the key importer of instruments and apparatus for measuring or checking pressure of liquids or gasses in Eastern Asia, with the volume of imports amounting to X units, which was near 73% of total imports in 2021. South Korea (X units) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by Japan (5.2%). Taiwan (Chinese) (X units) and Hong Kong SAR (X units) followed a long way behind the leaders.

Imports into China increased at an average annual rate of +24.1% from 2012 to 2021. At the same time, South Korea (+25.4%), Hong Kong SAR (+19.7%), Japan (+14.5%) and Taiwan (Chinese) (+11.5%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +25.4% from 2012-2021. From 2012 to 2021, the share of China and South Korea increased by +7 and +2.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported instruments and apparatus for measuring or checking pressure of liquids or gasses in Eastern Asia, comprising 64% of total imports. The second position in the ranking was held by South Korea ($X), with an 18% share of total imports. It was followed by Japan, with an 8.7% share.

In China, test and measurement imports increased at an average annual rate of +11.5% 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 (+9.8% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, growing by 13% against the previous year. Overall, the import price, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the import price increased by 72% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, 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) (-1.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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