South-Eastern Asia: Measuring Instrument Market 2022

Measuring Instrument Market Size in South-Eastern Asia

For the fifth consecutive year, the Southeast Asian measuring instrument market recorded growth in sales value, which increased by 0.4% to $X in 2021. The total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.9% 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 +100.7% against 2016 indices. The level of consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Measuring Instrument Production in South-Eastern Asia

In value terms, measuring instrument production declined modestly to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 71% against the previous year. The level of production peaked at $X in 2020, and then reduced in the following year.

Measuring Instrument Exports

Exports in South-Eastern Asia

In 2021, overseas shipments of instruments and apparatus for measuring or checking the flow or level of liquids were finally on the rise to reach X units after two years of decline. In general, exports showed a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of 72% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, measuring instrument exports stood at $X in 2021. Overall, exports showed a resilient expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 53%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

In 2021, Thailand (X units) represented the major exporter of instruments and apparatus for measuring or checking the flow or level of liquids, comprising 47% of total exports. The Philippines (X units) took the second position in the ranking, distantly followed by Malaysia (X units) and Singapore (X units). All these countries together took near 50% share of total exports. Vietnam (X units) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Philippines (with a CAGR of +37.4%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Singapore ($X) and Thailand ($X) were the countries with the highest levels of exports in 2021, with a combined 91% share of total exports.

Among the main exporting countries, Thailand, with a CAGR of +27.3%, 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, falling by -13.4% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 51% against the previous year. As a result, the export price reached the peak level of $X per unit, and then dropped in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Singapore ($X per unit), while the Philippines ($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 leaders experienced more modest paces of growth.

Measuring Instrument Imports

Imports in South-Eastern Asia

In 2021, the amount of instruments and apparatus for measuring or checking the flow or level of liquids imported in South-Eastern Asia reached X units, rising by 7% compared with 2020. Overall, imports, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 17%. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, measuring instrument imports expanded sharply to $X in 2021. In general, imports, however, saw a slight downturn. The pace of growth was the most pronounced in 2019 with an increase of 18% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Indonesia (X units) and Thailand (X units) represented roughly 71% of total imports in 2021. Singapore (X units) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (9.7%) and Malaysia (5.4%). The Philippines (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +16.9%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Singapore ($X), Indonesia ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2021, together comprising 67% of total imports. Thailand, Vietnam and the Philippines lagged somewhat behind, together accounting for a further 31%.

The Philippines, with a CAGR of +12.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2021, rising by 5.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2013 when the import price increased by 20% against the previous year. Over the period under review, import prices reached the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per unit), while Thailand ($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 (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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