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 reduced to $X in 2023, waning by X% against the previous year. Overall, consumption, however, continues to indicate a buoyant increase. Global consumption peaked at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.

Production of Electronic Instruments And Machines For Measuring Geometrical Quantities

In value terms, geometrical quantities electronic measurer production declined to $X in 2023 estimated in export price. In general, production, however, showed prominent growth. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, global production reached the peak level at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports

In 2023, shipments abroad of electronic instruments and machines for measuring geometrical quantities decreased by X% to X units, falling for the second year in a row after six years of growth. Overall, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the global exports hit record highs at X units in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, geometrical quantities electronic measurer exports stood at $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X%. The global exports peaked in 2023 and are expected to retain growth in the immediate term.

Exports by Country

China represented the largest exporting country with an export of about X units, which reached X% of total exports. Hong Kong SAR (X units) held the second position in the ranking, distantly followed by Mexico (X units). All these countries together held approx. X% share of total exports. Singapore (X units) and South Korea (X units) held a relatively small share 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, Mexico (X%), Hong Kong SAR (X%), Singapore (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. Hong Kong SAR (X p.p.) and Mexico (X p.p.) significantly strengthened its position in terms of the global 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 ($X) remains the largest geometrical quantities electronic measurer supplier worldwide, comprising X% of global exports. The second position in the ranking was held by South Korea ($X), with a X% share of global exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2023, 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: South Korea (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2023, the average geometrical quantities electronic measurer export price amounted to $X per unit, picking up by X% against the previous year. Overall, the export price, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, 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 global leaders experienced a decline in the export price figures.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports

In 2023, overseas purchases of electronic instruments and machines for measuring geometrical quantities decreased by X% to X units, falling for the third consecutive year after three years of growth. In general, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, global imports reached the maximum at X units in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, geometrical quantities electronic measurer imports fell slightly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, global imports hit record highs at $X in 2022, and then shrank modestly in the following year.

Imports by Country

China was the main importing country with an import of about X units, which finished at X% of total imports. Hong Kong SAR (X units) held the second position in the ranking, followed by India (X units), Mexico (X units) and South Korea (X units). All these countries together held approx. X% share of total imports. The following importers - Japan (X units) and Brazil (X units) - each resulted at a X% share of total imports.

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%), Japan (X%), Mexico (X%) and Brazil (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. China (X p.p.), India (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the global imports, while Brazil, Mexico and Hong Kong SAR saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, geometrical quantities electronic measurer imports increased 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: Mexico (X% per year) and South Korea (X% per year).

Import Prices by Country

The average geometrical quantities electronic measurer import price stood at $X per unit in 2023, with an increase of X% against the previous year. In general, the import price, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, average import prices attained the maximum 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 global leaders experienced a decline in the import price figures.

Source: IndexBox Platform