Eastern Asia: Market for Instruments for Measuring Electrical Quantities 2025

Market Size for Instruments for Measuring Electrical Quantities in Eastern Asia

The East Asian market for instruments for measuring electrical quantities rose remarkably to $X in 2021, picking up by 8.6% against the previous year. The total consumption indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +110.3% against 2017 indices. The level of consumption peaked in 2021 and is likely to see gradual growth in the near future.

Production of Instruments for Measuring Electrical Quantities in Eastern Asia

In value terms, instruments for measuring electrical quantities production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.2% 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 2014 when the production volume increased by 22%. Over the period under review, production hit record highs at $X in 2019; afterwards, it flattened through to 2021.

Exports of Instruments for Measuring Electrical Quantities

Exports in Eastern Asia

In 2021, approx. X units of instruments for measuring electrical quantities were exported in Eastern Asia; surging by 12% against the year before. In general, exports saw a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of 56% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in the near future.

In value terms, instruments for measuring electrical quantities exports skyrocketed to $X in 2021. Overall, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of 34%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, accounting for X units, which was near 86% of total exports in 2021. It was distantly followed by Hong Kong SAR (X units), making up a 5.8% share of total exports. Japan (X units) and South Korea (X units) held a minor 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. While the share of China (+42 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Hong Kong SAR (-1.8 p.p.), Japan (-6.9 p.p.) and South Korea (-10.3 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest instruments for measuring electrical quantities supplier in Eastern Asia, comprising 61% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 9.4% share of total exports. It was followed by Japan, with a 9.2% share.

In China, instruments for measuring electrical quantities exports expanded at an average annual rate of +17.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Hong Kong SAR (+3.6% per year) and Japan (+0.3% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2021, picking up by 3.4% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by 11%. Over the period under review, the export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 Eastern Asia

Instruments for measuring electrical quantities imports surged to X units in 2021, with an increase of 25% on the year before. The total import volume increased at an average annual rate of +6.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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 +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Hong Kong SAR (X units) and China (X units) represented the main importers of instruments for measuring electrical quantities in 2021, finishing at near 34% and 31% of total imports, respectively. Japan (X units) ranks next in terms of the total imports with a 20% share, followed by South Korea (9.2%) and Taiwan (Chinese) (6%).

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +21.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported instruments for measuring electrical quantities in Eastern Asia, comprising 47% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with an 18% share of total imports. It was followed by Japan, with a 14% share.

In China, instruments for measuring electrical quantities imports expanded at an average annual rate of +4.1% over the period from 2012-2021. 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

In 2021, the import price in Eastern Asia amounted to $X per unit, with an increase of 12% against the previous year. Over the period under review, the import price, however, recorded a slight descent. 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 ($X per unit), while Hong Kong SAR ($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

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