ASEAN: Multimeter Market 2024

Multimeter Market Size in ASEAN

In 2023, the ASEAN multimeter market decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. Overall, consumption, however, posted a buoyant expansion. The level of consumption peaked at $X in 2022, and then shrank sharply in the following year.

Multimeter Production in ASEAN

In value terms, multimeter production rose significantly to $X in 2023 estimated in export price. Over the period under review, production enjoyed prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Multimeter Exports

Exports in ASEAN

In 2023, the amount of multimeters exported in ASEAN contracted rapidly to X units, shrinking by X% compared with the year before. In general, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The volume of export peaked at X units in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, multimeter exports plummeted to $X in 2023. Overall, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Singapore was the key exporter of multimeters in ASEAN, with the volume of exports finishing at X units, which was near X% of total exports in 2023. Thailand (X units) held the second position in the ranking, distantly followed by Malaysia (X units). All these countries together took approx. X% share of total exports. Indonesia (X units) took a relatively small share of total exports.

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

In value terms, the largest multimeter supplying countries in ASEAN were Singapore ($X), Malaysia ($X) and Thailand ($X), with a combined X% share of total exports.

Thailand, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price, however, saw a mild downturn. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

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

Multimeter Imports

Imports in ASEAN

After three years of growth, overseas purchases of multimeters decreased by X% to X units in 2023. Over the period under review, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2022, and then shrank sharply in the following year.

In value terms, multimeter imports reduced markedly to $X in 2023. In general, imports, however, showed a tangible increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2022, and then contracted remarkably in the following year.

Imports by Country

In 2023, Indonesia (X units), distantly followed by Thailand (X units), Vietnam (X units), Singapore (X units) and Malaysia (X units) were the key importers of multimeters, together creating X% of total imports. The Philippines (X units) followed a long way behind the leaders.

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

In value terms, Thailand ($X), Vietnam ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the import price saw a pronounced slump. The pace of growth appeared the most rapid in 2015 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Malaysia ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform