Global Electronic Metal Tester Market 2024

Electronic Metal Tester Market Size

The global electronic metal tester market declined to $X in 2021, with a decrease of -10.2% against the previous year. In general, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 9.4% against the previous year. Global consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Electronic Metal Tester Production

In value terms, electronic metal tester production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the production volume increased by 12% against the previous year. Over the period under review, global production attained the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Electronic Metal Tester Exports

Exports

Global electronic metal tester exports surged to X units in 2021, jumping by 47% on 2020. The total export volume increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electronic metal tester exports soared to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The global exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China represented the largest exporting country with an export of around X units, which reached 38% of total exports. It was distantly followed by the United States (X units), Germany (X units) and the UK (X units), together committing a 38% share of total exports. The Czech Republic (X units), the Netherlands (X units), Italy (X units) and Taiwan (Chinese) (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the electronic machines and appliances for testing metals exports, with a CAGR of +15.2% from 2012 to 2021. At the same time, the Netherlands (+11.2%), the United States (+9.1%), the Czech Republic (+7.0%) and the UK (+1.1%) displayed positive paces of growth. Italy experienced a relatively flat trend pattern. By contrast, Germany (-3.3%) and Taiwan (Chinese) (-8.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and the United States increased by +22 and +5.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), the United States ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 50% share of global exports. The UK, the Netherlands, Italy, Taiwan (Chinese) and the Czech Republic lagged somewhat behind, together accounting for a further 19%.

In terms of the main exporting countries, the Netherlands, with a CAGR of +14.1%, saw the highest growth rate of 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 2021, the average electronic metal tester export price amounted to $X per unit, declining by -16.3% against the previous year. Overall, the export price recorded a pronounced slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 7.7%. The global export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.6%), while the other global leaders experienced more modest paces of growth.

Electronic Metal Tester Imports

Imports

In 2021, overseas purchases of electronic machines and appliances for testing metals were finally on the rise to reach X units after three years of decline. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Over the period under review, global imports hit record highs at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, electronic metal tester imports reached $X in 2021. Overall, imports, however, recorded a slight downturn. The growth pace was the most rapid in 2014 with an increase of 7.8%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of global imports remained at a lower figure.

Imports by Country

In 2021, the United States (X units), distantly followed by China (X units), Taiwan (Chinese) (X units), Germany (X units) and the UK (X units) were the major importers of electronic machines and appliances for testing metals, together creating 42% of total imports. The following importers - South Korea (X units), Turkey (X units), Ireland (X units), Indonesia (X units), France (X units), Japan (X units), Italy (X units) and Poland (X units) - together made up 29% of total imports.

Imports into the United States increased at an average annual rate of +15.7% from 2012 to 2021. At the same time, Ireland (+21.1%), Japan (+12.4%), Poland (+10.6%), China (+8.4%), France (+6.1%), the UK (+3.2%) and Italy (+2.8%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing importer imported in the world, with a CAGR of +21.1% from 2012-2021. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Turkey (-2.1%), South Korea (-2.3%), Germany (-3.1%) and Indonesia (-6.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States, China, Ireland and Japan increased by +14, +3.7, +3.2 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported electronic machines and appliances for testing metals worldwide, comprising 20% of global imports. The second position in the ranking was held by the United States ($X), with a 9.8% share of global imports. It was followed by Germany, with a 6.2% share.

In China, electronic metal tester imports decreased by an average annual rate of -3.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the United States (+3.1% per year) and Germany (+2.6% per year).

Import Prices by Country

In 2021, the average electronic metal tester import price amounted to $X per unit, waning by -15.4% against the previous year. Overall, the import price recorded a pronounced descent. The pace of growth appeared the most rapid in 2016 when the average import price increased by 12% against the previous year. Global import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.9%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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