Overview of the Global Market for Electronic Instruments And Machines For Measuring Geometrical Quantities

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities

The global geometrical quantities electronic measurer market soared to $X in 2022, with an increase of 56% against the previous year. In general, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +89.9% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Electronic Instruments And Machines For Measuring Geometrical Quantities

In value terms, geometrical quantities electronic measurer production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 20%. As a result, production attained the peak level of $X. From 2021 to 2022, global production growth failed to regain momentum.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports

For the seventh year in a row, the global market recorded growth in shipments abroad of electronic instruments and machines for measuring geometrical quantities, which increased by 15% to X units in 2022. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.8% against 2014 indices. The pace of growth appeared the most rapid in 2020 with an increase of 28%. Over the period under review, the global exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, geometrical quantities electronic measurer exports contracted to $X in 2022. The total export value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 17%. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

In 2022, China (X units) was the key exporter of electronic instruments and machines for measuring geometrical quantities, making up 43% of total exports. It was distantly followed by Germany (X units), Japan (X units) and South Korea (X units), together generating a 21% share of total exports. Italy (X units), the United States (X units), the UK (X units), France (X units), the Netherlands (X units), Taiwan (Chinese) (X units) and Thailand (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the electronic instruments and machines for measuring geometrical quantities exports, with a CAGR of +31.7% from 2012 to 2022. At the same time, Thailand (+19.6%), the Netherlands (+6.7%), the UK (+4.0%), Italy (+3.2%) and South Korea (+2.9%) displayed positive paces of growth. Germany and France experienced a relatively flat trend pattern. By contrast, the United States (-1.5%), Taiwan (Chinese) (-2.9%) and Japan (-3.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +37 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest geometrical quantities electronic measurer supplying countries worldwide were Germany ($X), China ($X) and the United States ($X), with a combined 42% share of global exports. Japan, the UK, Italy, South Korea, the Netherlands, France, Taiwan (Chinese) and Thailand lagged somewhat behind, together comprising a further 26%.

In terms of the main exporting countries, the Netherlands, with a CAGR of +10.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average geometrical quantities electronic measurer export price amounted to $X per unit, waning by -14.5% against the previous year. Over the period under review, the export price saw a perceptible decrease. The most prominent rate of growth was recorded in 2021 an increase of 9.7% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.7%), while the other global leaders experienced more modest paces of growth.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports

For the eleventh year in a row, the global market recorded growth in purchases abroad of electronic instruments and machines for measuring geometrical quantities, which increased by 10% to X units in 2022. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +102.9% against 2012 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 23%. Global imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, geometrical quantities electronic measurer imports reached $X in 2022. Overall, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 19%. Over the period under review, global imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The United States represented the main importing country with an import of around X units, which finished at 27% of total imports. It was distantly followed by China (X units), Singapore (X units) and Germany (X units), together constituting a 22% share of total imports. Mexico (X units), India (X units), Italy (X units), the UK (X units), South Korea (X units), Indonesia (X units), Thailand (X units), Japan (X units) and France (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to geometrical quantities electronic measurer imports into the United States stood at +17.3%. At the same time, Singapore (+35.0%), Italy (+10.4%), Indonesia (+9.4%), India (+8.7%), Mexico (+7.4%), France (+4.2%), China (+4.2%), Germany (+3.9%), the UK (+3.5%) and Thailand (+2.1%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in the world, with a CAGR of +35.0% from 2012-2022. South Korea experienced a relatively flat trend pattern. By contrast, Japan (-2.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States and Singapore increased by +16 and +6.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest geometrical quantities electronic measurer importing markets worldwide were China ($X), Singapore ($X) and the United States ($X), together comprising 41% of global imports.

Singapore, with a CAGR of +36.4%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average geometrical quantities electronic measurer import price amounted to $X per unit, leveling off at the previous year. Over the period under review, the import price saw a perceptible reduction. The pace of growth appeared the most rapid in 2014 when the average import price increased by 2.8% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+3.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :