In 2023, China's exports of electrical multimeters stood dominantly at 23.917 million, overshadowing other countries significantly. The United States and Belarus followed, albeit with much smaller shares, exporting 0.54426 million and 0.29919 million respectively. Remarkably, Uganda showed the most significant year-on-year growth at 124.48%, while Malaysia saw a decline of 18.87%. China maintained a steady expansion with a 2.32% increase. Brunei, despite low numbers, faced a sharp decrease of 33.04%, indicating structural issues. A CAGR for the top five exporters over five years indicates moderate positive growth, with evident potential in Asia beyond China, such as India and Thailand.
Future trends may include increased regional diversification as countries like India and Thailand enhance their technological capabilities and manufacturing facilities. Sustainable manufacturing and energy-efficient products could shape the market landscape, given increasing global environmental concerns and regulations.
Top countries in Export of Electrical Multimeters by Country
| # | 10 Countries | Units | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 23,917,000 | 2023 | +2.08% | +2.32% | View data |
| 2 | 2 United States | 544,260 | 2023 | +0.6% | +0.42% | View data |
| 3 | 3 Belarus | 299,190 | 2023 | +6.39% | +3.35% | View data |
| 4 | 4 Singapore | 205,570 | 2023 | +3.07% | +0.79% | View data |
| 5 | 5 Mexico | 109,660 | 2023 | +2.86% | +3.55% | View data |
| 6 | 6 Russia | 63,760 | 2023 | -0.67% | -2.96% | View data |
| 7 | 7 Thailand | 58,260 | 2023 | +2.71% | +2.33% | View data |
| 8 | 8 India | 44,810 | 2023 | +4.76% | +4.58% | View data |
| 9 | 9 Bahrain | 18,610 | 2023 | +5.79% | +7.07% | View data |
| 10 | 10 Philippines | 6,710 | 2023 | +4.88% | +37.64% | View data |
