Asia: Optical Radiation Instruments Market 2024

Optical Radiation Instruments Market Size in Asia

The Asian optical radiation instruments market contracted slightly to $X.6B in 2022, almost unchanged from the previous year. Over the period under review, consumption continues to indicate a abrupt downturn. As a result, consumption attained the peak level of $X.7B. From 2014 to 2022, the growth of the market remained at a lower figure.

Optical Radiation Instruments Production in Asia

In value terms, optical radiation instruments production contracted modestly to $X in 2022 estimated in export price. In general, production recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X.9B. From 2014 to 2022, production growth remained at a somewhat lower figure.

Optical Radiation Instruments Exports

Exports in Asia

For the eleventh year in a row, Asia recorded growth in shipments abroad of instruments using optical radiations, which increased by X% to X units in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, optical radiation instruments exports surged to $X in 2022. In general, exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

China prevails in exports structure, amounting to X units, which was near X% of total exports in 2022. Hong Kong SAR (X units), Singapore (X units) and Japan (X units) held a little share of total exports.

China was also the fastest-growing in terms of the instruments using optical radiations exports, with a CAGR of X% from 2012 to 2022. At the same time, Singapore (X%), Japan (X%) and Hong Kong SAR (X%) displayed positive paces of growth. From 2012 to 2022, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X), Japan ($X) and China ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, declining by X% against the previous year. In general, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the 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 Singapore ($X per unit), while China ($X per unit) was amongst the lowest.

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

Optical Radiation Instruments Imports

Imports in Asia

In 2022, purchases abroad of instruments using optical radiations increased by X% to X units, rising for the sixth consecutive year after two years of decline. Overall, imports showed prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, optical radiation instruments imports rose sharply to $X in 2022. In general, imports posted a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

China was the largest importer of instruments using optical radiations in Asia, with the volume of imports recording X units, which was approx. X% of total imports in 2022. Thailand (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by India (X%) and Singapore (X%). The following importers - South Korea (X units), Hong Kong SAR (X units) and Japan (X units) - each reached a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to optical radiation instruments imports into China stood at X%. At the same time, India (X%), Thailand (X%), Singapore (X%), South Korea (X%) and Japan (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India and Thailand increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported instruments using optical radiations in Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Singapore (X% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a 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 South Korea ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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