Updated Feb 7, 2023 11:57

Electronic Metal Tester Market in China

Market Overview
After five years of decline, the Chinese electronic metal tester market increased by % to $ in . In general, consumption, however, saw a perceptible descent. As a result, consumption reached the peak level of $. From 2017 to , the growth of the market remained at a somewhat lower figure.

In value terms, electronic metal tester production fell modestly to $ in estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2017; however, from 2018 to , production stood at a somewhat lower figure.


Consumption
After five years of decline, consumption of electronic machines and appliances for testing metals increased by % to units in . Over the period under review, consumption, however, continues to indicate a perceptible contraction. Electronic metal tester consumption peaked at units in 2016; however, from 2017 to , consumption remained at a lower figure.

The value of the electronic metal tester market in China expanded sharply to $ in , rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a noticeable decline. As a result, consumption reached the peak level of $. From 2017 to , the growth of the market failed to regain momentum.


Market Forecast
Depressed by shrinking demand for electronic metal tester in China, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to units by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, the share of imports in terms of total electronic metal tester consumption in China was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the China electronic metal tester market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.


Trade Balance
China remains a net exporter of electronic metal tester; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of units, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.