Asia-Pacific: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2024

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in Asia-Pacific

In 2023, the Asia-Pacific geometrical quantities electronic measurer market decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, enjoyed a pronounced increase. Over the period under review, the market attained the maximum level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Production of Electronic Instruments And Machines For Measuring Geometrical Quantities in Asia-Pacific

In value terms, geometrical quantities electronic measurer production declined to $X in 2023 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2023, production failed to regain momentum.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports in Asia-Pacific

In 2023, overseas shipments of electronic instruments and machines for measuring geometrical quantities decreased by X% to X units, falling for the fourth year in a row after four years of growth. Overall, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, geometrical quantities electronic measurer exports contracted slightly to $X in 2023. Total exports indicated a pronounced increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

China represented the key exporter of electronic instruments and machines for measuring geometrical quantities in Asia-Pacific, with the volume of exports accounting for X units, which was approx. X% of total exports in 2023. It was distantly followed by Hong Kong SAR (X units), constituting a X% share of total exports. The following exporters - Singapore (X units) and South Korea (X units) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to geometrical quantities electronic measurer exports from China stood at X%. At the same time, Hong Kong SAR (X%), Singapore (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. Hong Kong SAR (X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest geometrical quantities electronic measurer supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

In China, geometrical quantities electronic measurer exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2023, rising by X% against the previous year. Overall, the export price, however, saw a abrupt slump. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the export price figures.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports in Asia-Pacific

In 2023, overseas purchases of electronic instruments and machines for measuring geometrical quantities decreased by X% to X units, falling for the third year in a row after three years of growth. Over the period under review, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The volume of import peaked at X units in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, geometrical quantities electronic measurer imports shrank to $X in 2023. Total imports indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

China represented the main importer of electronic instruments and machines for measuring geometrical quantities in Asia-Pacific, with the volume of imports recording X units, which was approx. X% of total imports in 2023. Hong Kong SAR (X units) took the second position in the ranking, followed by India (X units) and South Korea (X units). All these countries together took approx. X% share of total imports. Japan (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to geometrical quantities electronic measurer imports into China stood at X%. At the same time, India (X%), South Korea (X%) and Japan (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China, India and South Korea increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported electronic instruments and machines for measuring geometrical quantities in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with an X% share of total imports. It was followed by India, with an X% share.

In China, geometrical quantities electronic measurer imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and India (X% per year).

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform