South-Eastern Asia: Market for Instruments for Measuring Electrical Quantities 2025

Market Size for Instruments for Measuring Electrical Quantities in South-Eastern Asia

The Southeast Asian market for instruments for measuring electrical quantities surged to $X in 2021, with an increase of 19% against the previous year. In general, consumption, however, saw a resilient increase. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the immediate term.

Production of Instruments for Measuring Electrical Quantities in South-Eastern Asia

In value terms, instruments for measuring electrical quantities production reduced to $X in 2021 estimated in export price. The total production indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% 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 +93.7% against 2016 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 38% against the previous year. As a result, production attained the peak level of $X, and then dropped in the following year.

Exports of Instruments for Measuring Electrical Quantities

Exports in South-Eastern Asia

In 2021, the amount of instruments for measuring electrical quantities exported in South-Eastern Asia contracted dramatically to X units, which is down by -29.6% against the previous year's figure. In general, exports showed a deep slump. The growth pace was the most rapid in 2020 with an increase of 28%. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, instruments for measuring electrical quantities exports dropped slightly to $X in 2021. The total export value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 38%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Malaysia (X units) and Singapore (X units) represented the major exporters of instruments for measuring electrical quantities in South-Eastern Asia, together recording near 60% of total exports. It was distantly followed by Thailand (X units), Indonesia (X units) and Vietnam (X units), together constituting a 40% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of +31.2%), while the other leaders experienced a decline in the exports figures.

In value terms, Singapore ($X), Malaysia ($X) and Thailand ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 93% of total exports. These countries were followed by Indonesia and Vietnam, which together accounted for a further 5.6%.

Among the main exporting countries, Vietnam, with a CAGR of +31.5%, saw 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, jumping by 36% against the previous year. Overall, the export price saw a resilient expansion. The most prominent rate of growth was recorded in 2019 an increase of 64% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Singapore ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+15.8%), while the other leaders experienced more modest paces of growth.

Imports of Instruments for Measuring Electrical Quantities

Imports in South-Eastern Asia

In 2021, purchases abroad of instruments for measuring electrical quantities decreased by -8.5% to X units for the first time since 2018, thus ending a two-year rising trend. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.7% 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 +10.6% against 2017 indices. The growth pace was the most rapid in 2017 with an increase of 39%. The volume of import peaked at X units in 2020, and then fell in the following year.

In value terms, instruments for measuring electrical quantities imports totaled $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +83.8% against 2012 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 27%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

Indonesia was the main importing country with an import of around X units, which amounted to 61% of total imports. It was distantly followed by Vietnam (X units), Singapore (X units) and Thailand (X units), together constituting a 34% share of total imports. Malaysia (X units) held a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to instruments for measuring electrical quantities imports into Indonesia stood at +7.2%. At the same time, Vietnam (+20.2%), Malaysia (+19.6%) and Thailand (+3.3%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +20.2% from 2012-2021. Singapore experienced a relatively flat trend pattern. While the share of Vietnam (+8.6 p.p.), Malaysia (+2.6 p.p.) and Indonesia (+2.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Thailand (-2.8 p.p.) and Singapore (-11.6 p.p.) displayed negative dynamics.

In value terms, Singapore ($X), Thailand ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 70% of total imports.

Among the main importing countries, Vietnam, with a CAGR of +15.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per unit, rising by 20% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 20%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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