ASEAN: Diagnostic Equipment Market 2024

Diagnostic Equipment Market Size in ASEAN

The ASEAN diagnostic equipment market soared to $X in 2023, picking up by X% against the previous year. The total consumption indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2019 indices. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in years to come.

Diagnostic Equipment Production in ASEAN

In value terms, diagnostic equipment production expanded rapidly to $X in 2023 estimated in export price. The total production indicated a slight expansion from 2012 to 2023: its value 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, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Diagnostic Equipment Exports

Exports in ASEAN

In 2023, after four years of growth, there was significant decline in shipments abroad of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus, when their volume decreased by X% to X units. Overall, exports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units, and then contracted in the following year.

In value terms, diagnostic equipment exports amounted to $X in 2023. Total exports indicated buoyant growth from 2012 to 2023: its value 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, exports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to see gradual growth in the immediate term.

Exports by Country

In 2023, Singapore (X units) and Malaysia (X units) represented the key exporters of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus in ASEAN, together constituting X% of total exports. Thailand (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (X%) and Indonesia (X%).

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, Singapore ($X), Malaysia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

In terms of the main exporting countries, Malaysia, 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 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 relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per unit in 2020; however, from 2021 to 2023, the export prices stood at a somewhat lower figure.

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

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

Diagnostic Equipment Imports

Imports in ASEAN

In 2023, purchases abroad of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus increased by X% to X units, rising for the fourth consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, diagnostic equipment imports expanded sharply to $X in 2023. Total imports indicated a notable increase from 2012 to 2023: its value 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 2014 indices. The pace of growth was the most pronounced in 2020 with an increase of X%. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Imports by Country

In 2023, Singapore (X units) represented the largest importer of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus, comprising X% of total imports. Malaysia (X units) held the second position in the ranking, followed by the Philippines (X units), Indonesia (X units), Thailand (X units) and Vietnam (X units). All these countries together held near X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to diagnostic equipment imports into Singapore stood at X%. At the same time, Indonesia (X%), Vietnam (X%), Malaysia (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Indonesia and Vietnam increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus in ASEAN, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Singapore totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Indonesia (X% per year).

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. Import price indicated modest growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 an increase of X%. The level of import peaked at $X per unit in 2022, and then declined in the following year.

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

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

Source: IndexBox Platform