For Southeast Asian exporters in the EMS/TENS device industry, the current global landscape presents a confounding paradox. According to Alibaba.com platform data, the total global trade value for this category peaked in 2022 but has since entered a period of decline, culminating in a sharp 12.85% year-over-year drop in 2025. This downward trajectory suggests a market in retreat. However, a deeper look at buyer behavior tells a radically different story. The same data shows that the active buyer rate (AB Rate) has steadily doubled from 1.45% in 2022 to 2.96% in 2025. This means more buyers than ever are actively searching for and engaging with these products online.
This contradiction—shrinking sales but expanding interest—points to a fundamental breakdown in the market’s ability to convert interest into transactions. The root cause appears to be rampant commoditization. As the number of sellers has surged, so too has the average number of SKUs per seller, which has more than doubled from 1.59 to 3.48 over the same period. This ‘spray and pray’ strategy has flooded the market with near-identical, low-cost devices, eroding consumer trust and driving down prices, ultimately leading to the observed decline in total trade value despite robust underlying demand.
Global EMS/TENS Market Performance (2022-2025)
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Trade Value YoY Growth | +15.2% | -2.22% | +2.04% | -12.85% |
| Active Buyer Rate (AB Rate) | 1.45% | 1.87% | 2.41% | 2.96% |
| Supply-Demand Ratio | 1.73 | 2.15 | 2.88 | 3.29 |
| Avg. SKUs per Seller | 1.59 | 2.05 | 2.87 | 3.48 |

