Global Measuring Instrument Market 2022

Measuring Instrument Market Size

After four years of growth, the global measuring instrument market decreased by -4% to $X in 2021. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market hit record highs at $X in 2020, and then contracted in the following year.

Measuring Instrument Production

In value terms, measuring instrument production fell slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 13% against the previous year. Over the period under review, global production reached the maximum level at $X in 2020, and then shrank slightly in the following year.

Measuring Instrument Exports

Exports

In 2021, approx. X units of instruments and apparatus for measuring or checking the flow or level of liquids were exported worldwide; growing by 20% compared with 2020 figures. Over the period under review, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.7% 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 +20.4% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, measuring instrument exports totaled $X in 2021. The total export value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when exports increased by 15%. Over the period under review, the global exports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

In 2021, China (X units), distantly followed by Germany (X units), Mexico (X units), Switzerland (X units) and France (X units) were the main exporters of instruments and apparatus for measuring or checking the flow or level of liquids, together creating 60% of total exports. The following exporters - Italy (X units), Hong Kong SAR (X units), the Czech Republic (X units), South Korea (X units), the United Arab Emirates (X units), India (X units), Japan (X units) and Thailand (X units) - together made up 20% of total exports.

From 2012 to 2021, the biggest increases were in Hong Kong SAR (with a CAGR of +23.5%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest measuring instrument supplier worldwide, comprising 22% of global exports. The second position in the ranking was held by China ($X), with a 7.6% share of global exports. It was followed by France, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany stood at +3.7%. In the other countries, the average annual rates were as follows: China (+7.9% per year) and France (+1.6% per year).

Export Prices by Country

In 2021, the average measuring instrument export price amounted to $X per unit, shrinking by -5.7% against the previous year. Overall, the export price continues to indicate a perceptible downturn. The pace of growth was the most pronounced in 2015 an increase of 3.1%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the the average export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+15.0%), while the other global leaders experienced more modest paces of growth.

Measuring Instrument Imports

Imports

In 2021, the amount of instruments and apparatus for measuring or checking the flow or level of liquids imported worldwide skyrocketed to X units, picking up by 21% compared with 2020 figures. In general, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, 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, measuring instrument imports soared to $X in 2021. The total import value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor 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

In 2021, the United States (X units), distantly followed by China (X units), Germany (X units), the Czech Republic (X units) and Hong Kong SAR (X units) were the key importers of instruments and apparatus for measuring or checking the flow or level of liquids, together comprising 46% of total imports. Poland (X units), France (X units), Ukraine (X units), Italy (X units), South Korea (X units), Mexico (X units), Saudi Arabia (X units) and Brazil (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to measuring instrument imports into the United States stood at +8.2%. At the same time, Hong Kong SAR (+24.4%), Ukraine (+19.3%), China (+17.9%), Poland (+13.8%), Brazil (+12.3%), Italy (+9.5%), South Korea (+7.4%), Saudi Arabia (+5.1%), France (+4.2%), Germany (+2.6%) and the Czech Republic (+1.9%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing importer imported in the world, with a CAGR of +24.4% from 2012-2021. By contrast, Mexico (-7.9%) illustrated a downward trend over the same period. Hong Kong SAR (+4.6 p.p.), the United States (+4.4 p.p.), China (+4.3 p.p.), Poland (+1.9 p.p.) and Ukraine (+1.8 p.p.) significantly strengthened its position in terms of the global imports, while Germany, the Czech Republic and Mexico saw its share reduced by -1.7%, -2.2% and -5.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest measuring instrument importing markets worldwide were the United States ($X), China ($X) and Germany ($X), together comprising 31% of global imports. France, Italy, South Korea, Brazil, Mexico, Poland, Saudi Arabia, the Czech Republic, Hong Kong SAR and Ukraine lagged somewhat behind, together accounting for a further 19%.

In terms of the main importing countries, Poland, with a CAGR of +9.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average measuring instrument import price stood at $X per unit in 2021, reducing by -3.5% against the previous year. Over the period under review, the import price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 4.3% against the previous year. Global import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: 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 Mexico (+6.6%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :