Global Electronic Metal Tester Market 2024

Electronic Metal Tester Market Size

The global electronic metal tester market stood at $X,504.4B in 2022, surging by X% against the previous year. In general, consumption saw a significant expansion. Over the period under review, the global market reached the peak level at $X,921.8B in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Electronic Metal Tester Production

In value terms, electronic metal tester production rose modestly to $X,699.2B in 2022 estimated in export price. In general, production continues to indicate a significant expansion. The growth pace was the most rapid in 2014 when the production volume increased by X%. Global production peaked at $X,012B in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Electronic Metal Tester Exports

Exports

In 2022, shipments abroad of electronic machines and appliances for testing metals decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Overall, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the global exports reached the peak figure at X units in 2021, and then shrank in the following year.

In value terms, electronic metal tester exports contracted to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The global exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

China dominates exports structure, resulting at X units, which was near X% of total exports in 2022. The following exporters - India (X units), Germany (X units) and Hong Kong SAR (X units) - each amounted to a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to electronic metal tester exports from China stood at X%. At the same time, India (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Hong Kong SAR experienced a relatively flat trend pattern. By contrast, Germany (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Hong Kong SAR (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electronic metal tester supplying countries worldwide were Germany ($X), China ($X) and Hong Kong SAR ($X), together accounting for X% of global exports. India lagged somewhat behind, comprising a further X%.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the average electronic metal tester export price amounted to $X per unit, almost unchanged from the previous year. Overall, the export price, however, showed a abrupt decrease. The growth pace was the most rapid in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other global leaders experienced a decline in the export price figures.

Electronic Metal Tester Imports

Imports

In 2022, approx. X units of electronic machines and appliances for testing metals were imported worldwide; remaining relatively unchanged against 2021. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, global imports reached the peak figure at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, electronic metal tester imports reduced to $X in 2022. Overall, imports recorded a pronounced slump. The growth pace was the most rapid in 2017 with an increase of X%. Global imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China represented the main importer of electronic machines and appliances for testing metals in the world, with the volume of imports recording X units, which was near X% of total imports in 2022. The following importers - Thailand (X units), the Philippines (X units), Brazil (X units), India (X units), Switzerland (X units), Mexico (X units), Norway (X units), Russia (X units), Turkey (X units), the United States (X units), the United Arab Emirates (X units) and Indonesia (X units) - together made up X% of total imports.

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, Norway (X%), Russia (X%), India (X%), the United Arab Emirates (X%), Switzerland (X%), Brazil (X%), Turkey (X%) and the United States (X%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Mexico experienced a relatively flat trend pattern. By contrast, Indonesia (X%), Thailand (X%) and the Philippines (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), Norway (X p.p.), India (X p.p.) and Russia (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Thailand (X p.p.) and the Philippines (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), the United States ($X) and Russia ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of global imports. Turkey, India, Thailand, Mexico, Switzerland, the United Arab Emirates, Brazil, Indonesia, the Philippines and Norway lagged somewhat behind, together comprising a further X%.

Norway, 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 electronic metal tester import price stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the import price showed a pronounced descent. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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