Asia-Pacific: Market for Mathematical instruments and equipment; n.e.s. in heading no. 9017 2024

Market Size for Mathematical instruments and equipment; n.e.s. in heading no. 9017 in Asia-Pacific

In 2023, the Asia-Pacific market for mathematical instruments and equipment; n.e.s. in heading no. Xs decreased by X% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2023, consumption failed to regain momentum.

Production of Mathematical instruments and equipment; n.e.s. in heading no. X in Asia-Pacific

In value terms, production of mathematical instruments and equipment; n.e.s. in heading no. Xs stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2016 to 2023, production of growth remained at a somewhat lower figure.

Exports of Mathematical instruments and equipment; n.e.s. in heading no. 9017

Exports in Asia-Pacific

In 2023, overseas shipments of mathematical instruments and equipment; n.e.s. in heading no. Xs increased by X% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports of reached the maximum in 2023 and are expected to retain growth in the immediate term.

In value terms, exports of mathematical instruments and equipment; n.e.s. in heading no. Xs fell to $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 throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2022, and then dropped in the following year.

Exports by Country

China prevails in Xs structure, resulting at X units, which was approx. X% of total exports in 2023. Thailand (X units) took a little share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of mathematical instruments and equipment; n.e.s. in heading no. Xs. At the same time, Thailand (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest mathematical instruments and equipment; n.e.s. in heading no. X supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with an X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in China amounted to X%.

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per unit, leveling off at the previous year. Overall, the export price, however, enjoyed a temperate expansion. The growth pace was the most rapid in 2015 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2016; however, from 2017 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 Thailand ($X per unit), while China totaled $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%).

Imports of Mathematical instruments and equipment; n.e.s. in heading no. 9017

Imports in Asia-Pacific

In 2023, after two years of growth, there was significant decline in purchases abroad of mathematical instruments and equipment; n.e.s. in heading no. Xs, when their volume decreased by X% to X units. Total imports indicated mild growth from 2012 to 2023: its volume 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 increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, imports of mathematical instruments and equipment; n.e.s. in heading no. Xs dropped to $X in 2023. Overall, imports saw a noticeable decrease. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

Indonesia (X units) and Vietnam (X units) represented roughly X% of total imports in 2023. Japan (X units) held the next position in the ranking, followed by South Korea (X units), Australia (X units), Bangladesh (X units) and Taiwan (Chinese) (X units). All these countries together took near X% share of total imports.

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

In value terms, the largest mathematical instruments and equipment; n.e.s. in heading no. X importing markets in Asia-Pacific were Japan ($X), Vietnam ($X) and Indonesia ($X), with a combined X% share of total imports.

In terms of the main importing countries, Indonesia, with a CAGR of X%, saw the highest growth rate of 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

The import price in Asia-Pacific stood at $X per unit in 2023, dropping by X% against the previous year. Overall, the import price recorded a noticeable decline. The pace of growth appeared the most rapid in 2015 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 remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform