Southern Asia: Measuring Instrument Market 2022

Measuring Instrument Market Size in Southern Asia

The South Asian measuring instrument market skyrocketed to $X in 2021, increasing by 191% against the previous year. In general, consumption enjoyed strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Measuring Instrument Production in Southern Asia

In value terms, measuring instrument production fell to $X in 2021 estimated in export price. Overall, production enjoyed a strong increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 20%. The level of production peaked at $X in 2020, and then shrank in the following year.

Measuring Instrument Exports

Exports in Southern Asia

In 2021, approx. X units of instruments and apparatus for measuring or checking the flow or level of liquids were exported in Southern Asia; jumping by 49% compared with 2020. In general, exports continue to indicate a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, measuring instrument exports soared to $X in 2021. Over the period under review, exports posted buoyant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 36%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in years to come.

Exports by Country

The shipments of the one major exporters of instruments and apparatus for measuring or checking the flow or level of liquids, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the instruments and apparatus for measuring or checking the flow or level of liquids exports, with a CAGR of +19.2% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest measuring instrument supplier in Southern Asia.

In India, measuring instrument exports increased at an average annual rate of +10.0% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2021, falling by -14.9% against the previous year. Over the period under review, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 an increase of 17% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -7.7% per year.

Measuring Instrument Imports

Imports in Southern Asia

Measuring instrument imports skyrocketed to X units in 2021, increasing by 35% on the year before. Over the period under review, imports continue to indicate a strong expansion. The growth pace was the most rapid in 2018 when imports increased by 61% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, measuring instrument imports skyrocketed to $X in 2021. Total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

India dominates imports structure, reaching X units, which was approx. 91% of total imports in 2021. Pakistan (X units), Sri Lanka (X units) and Bangladesh (X units) followed a long way behind the leaders.

Imports into India increased at an average annual rate of +14.2% from 2012 to 2021. At the same time, Pakistan (+16.6%), Bangladesh (+13.7%) and Sri Lanka (+5.2%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +16.6% from 2012-2021. India (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Sri Lanka saw its share reduced by -2.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported instruments and apparatus for measuring or checking the flow or level of liquids in Southern Asia, comprising 84% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 5.6% share of total imports. It was followed by Pakistan, with a 5.4% share.

In India, measuring instrument imports expanded at an average annual rate of +1.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+15.8% per year) and Pakistan (+24.8% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2021, rising by 4% against the previous year. Over the period under review, the import price, however, recorded a deep downturn. The growth pace was the most rapid in 2014 when the import price increased by 16%. 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 Bangladesh ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+7.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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