China: Electronic Metal Tester Market 2024

Electronic Metal Tester Market Size in China

In 2023, the Chinese electronic metal tester market decreased by X% to $X, falling for the seventh consecutive year after five years of growth. Over the period under review, consumption, however, enjoyed a strong expansion. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2023, consumption stood at a somewhat lower figure.

Electronic Metal Tester Production in China

In value terms, electronic metal tester production stood at $X in 2023 estimated in export price. Over the period under review, production, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2023, production failed to regain momentum.

Electronic Metal Tester Exports

Exports from China

In 2023, approx. X units of electronic machines and appliances for testing metals were exported from China; rising by X% on 2022 figures. Overall, exports saw a strong expansion. 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 2023. In general, exports saw a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2023 and are expected to retain growth in the immediate term.

Exports by Country

Malaysia (X units), Australia (X units) and Singapore (X units) were the main destinations of electronic metal tester exports from China, with a combined X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Malaysia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Japan ($X) and Malaysia ($X) appeared to be the largest markets for electronic metal tester exported from China worldwide, with a combined X% share of total exports.

Malaysia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electronic metal tester export price stood at $X per unit in 2023, with a decrease of X% against the previous year. Over the period under review, the export price continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. The export price peaked at $X per unit in 2016; however, from 2017 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Australia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Electronic Metal Tester Imports

Imports into China

In 2023, electronic metal tester imports into China contracted sharply to X units, reducing by X% on 2022 figures. Over the period under review, imports, however, saw a temperate increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, electronic metal tester imports totaled $X in 2023. Overall, imports saw a noticeable decline. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X units), the United States (X units) and Japan (X units) were the main suppliers of electronic metal tester imports to China, together accounting for X% of total imports. India, Taiwan (Chinese), Sweden and Switzerland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Japan ($X) appeared to be the largest electronic metal tester suppliers to China, with a combined X% share of total imports. Switzerland, Sweden, Taiwan (Chinese) and India lagged somewhat behind, together comprising a further X%.

Among the main suppliers, India, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2023, the average electronic metal tester import price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the import price, however, showed a abrupt curtailment. The import price peaked at $X per unit in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Switzerland (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform