Asia: Electronic Metal Tester Market 2024

Electronic Metal Tester Market Size in Asia

The Asian electronic metal tester market amounted to $X in 2022, almost unchanged from the previous year. Over the period under review, consumption recorded a remarkable increase. The level of consumption peaked at $X.6B in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Electronic Metal Tester Production in Asia

In value terms, electronic metal tester production amounted to $X.4B in 2022 estimated in export price. In general, production showed strong growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The level of production peaked at $X.6B in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Electronic Metal Tester Exports

Exports in Asia

In 2022, overseas shipments of electronic machines and appliances for testing metals decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports, however, posted prominent growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. The volume of export peaked at X units in 2021, and then fell in the following year.

In value terms, electronic metal tester exports shrank remarkably to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then dropped significantly in the following year.

Exports by Country

China dominates exports structure, amounting to X units, which was approx. X% of total exports in 2022. The following exporters - India (X units) and Hong Kong SAR (X units) - each recorded a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to electronic metal tester exports from China stood at X%. At the same time, India (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Hong Kong SAR experienced a relatively flat trend pattern. China (X p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electronic metal tester supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the export price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced a decline in the export price figures.

Electronic Metal Tester Imports

Imports in Asia

For the fifth year in a row, Asia recorded decline in supplies from abroad of electronic machines and appliances for testing metals, which decreased by X% to X units in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, electronic metal tester imports dropped modestly to $X in 2022. Over the period under review, imports continue to indicate a pronounced descent. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China prevails in imports structure, accounting for X units, which was approx. X% of total imports in 2022. Thailand (X units) took the second position in the ranking, followed by the Philippines (X units). All these countries together took near X% share of total imports. India (X units), Turkey (X units), the United Arab Emirates (X units), Indonesia (X units), South Korea (X units), Taiwan (Chinese) (X units) and Kuwait (X units) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to electronic metal tester imports into China stood at X%. At the same time, India (X%), the United Arab Emirates (X%) and Turkey (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. South Korea experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (X%), Indonesia (X%), Kuwait (X%), Thailand (X%) and the Philippines (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, India and Kuwait 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 ($X) constitutes the largest market for imported electronic machines and appliances for testing metals in Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, almost unchanged from the previous year. Over the period under review, the import price, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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