South-Eastern Asia: Test And Measurement Market 2024

Test And Measurement Market Size in South-Eastern Asia

In 2021, the Southeast Asian test and measurement market decreased by -10.4% to $X for the first time since 2018, thus ending a two-year rising trend. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +34.4% against 2018 indices. Over the period under review, the market hit record highs at $X in 2020, and then declined in the following year.

Test And Measurement Production in South-Eastern Asia

In value terms, test and measurement production reduced to $X in 2021 estimated in export price. The total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +35.1% against 2018 indices. The growth pace was the most rapid in 2014 when the production volume increased by 78% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Test And Measurement Exports

Exports in South-Eastern Asia

After two years of growth, overseas shipments of instruments and apparatus for measuring or checking pressure of liquids or gasses decreased by -16.9% to X units in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 42% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, test and measurement exports reduced slightly to $X in 2021. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 21%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia (X units) and Singapore (X units) were the major exporters of instruments and apparatus for measuring or checking pressure of liquids or gasses in 2021, finishing at near 42% and 33% of total exports, respectively. Vietnam (X units) held the next position in the ranking, distantly followed by Thailand (X units). All these countries together took near 25% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +23.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest test and measurement supplying countries in South-Eastern Asia were Singapore ($X), Malaysia ($X) and Vietnam ($X), with a combined 93% share of total exports. Thailand lagged somewhat behind, accounting for a further 4%.

In terms of the main exporting countries, Thailand, with a CAGR of +13.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2021, growing by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+5.2%), while the other leaders experienced mixed trends in the export price figures.

Test And Measurement Imports

Imports in South-Eastern Asia

In 2021, test and measurement imports in South-Eastern Asia soared to X units, growing by 33% on the previous year's figure. Overall, imports continue to indicate a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, test and measurement imports surged to $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +55.8% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of test and measurement imports in 2021 were Thailand (X units), Singapore (X units) and Vietnam (X units), together resulting at 83% of total import. It was distantly followed by Malaysia (X units), mixing up an 11% share of total imports. Indonesia (X units) took a little share 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 Vietnam (with a CAGR of +33.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported instruments and apparatus for measuring or checking pressure of liquids or gasses in South-Eastern Asia, comprising 44% of total imports. The second position in the ranking was held by Thailand ($X), with a 20% share of total imports. It was followed by Malaysia, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Singapore totaled +11.3%. In the other countries, the average annual rates were as follows: Thailand (-0.9% per year) and Malaysia (+3.1% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2021, dropping by -8.2% against the previous year. In general, the import price showed a deep contraction. The most prominent rate of growth was recorded in 2019 an increase of 19% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (-4.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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