Global Test And Measurement Market 2024

Test And Measurement Market Size

The global test and measurement market contracted slightly to $X in 2022, shrinking by X% against the previous year. In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the global market remained at a lower figure.

Test And Measurement Production

In value terms, test and measurement production contracted to $X in 2022 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, global production growth remained at a lower figure.

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Test And Measurement Exports

Exports

In 2022, overseas shipments of instruments and apparatus for measuring or checking pressure of liquids or gasses increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The global exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, test and measurement exports totaled $X in 2022. The total export value increased at an average annual rate of X% over the period 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%. The global exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

In 2022, China (X units) represented the key exporter of instruments and apparatus for measuring or checking pressure of liquids or gasses, making up X% of total exports. It was distantly followed by Singapore (X units), Mexico (X units) and Malaysia (X units), together constituting a X% share of total exports. The UK (X units), Germany (X units), Switzerland (X units) and the United States (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to test and measurement exports from China stood at X%. At the same time, Singapore (X%), the UK (X%), Switzerland (X%), Mexico (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. The United States and Germany experienced a relatively flat trend pattern. Singapore (X p.p.) and China (X p.p.) significantly strengthened its position in terms of the global exports, while Malaysia, Germany and Mexico saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest test and measurement supplying countries worldwide were Germany ($X), the United States ($X) and China ($X), with a combined X% share of global exports.

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

Export Prices by Country

The average test and measurement export price stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 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 the United States ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other global leaders experienced more modest paces of growth.

Test And Measurement Imports

Imports

In 2022, approx. X units of instruments and apparatus for measuring or checking pressure of liquids or gasses were imported worldwide; dropping by X% against 2021. In general, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, global imports reached the maximum at X units in 2021, and then declined in the following year.

In value terms, test and measurement imports shrank modestly to $X in 2022. Overall, total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

The countries with the highest levels of test and measurement imports in 2022 were the United States (X units), China (X units) and Singapore (X units), together amounting to X% of total import. It was distantly followed by Mexico (X units), comprising a X% share of total imports. The UK (X units), Germany (X units), Turkey (X units), Brazil (X units) and India (X units) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Singapore (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of global imports. Mexico, the UK, Singapore, Turkey, Brazil and India lagged somewhat behind, together accounting for a further X%.

Turkey, 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 global leaders experienced more modest paces of growth.

Import Prices by Country

The average test and measurement import price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the import price, however, continues to indicate a mild contraction. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. Global import price peaked at $X per unit in 2012; however, from 2013 to 2022, 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 Germany ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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