Report Update: Apr 1, 2024

Belgium - Instruments Using Optical Radiations - Market Analysis, Forecast, Size, Trends And Insights

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Optical Radiation Instruments Price in Belgium - 2023

Optical Radiation Instruments Price in Belgium (CIF) - 2023

The average optical radiation instruments import price stood at $352 per unit in June 2023, jumping by 80% against the previous month. Overall, import price indicated a measured increase from June 2022 to June 2023: its price increased at an average monthly rate of +2.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, optical radiation instruments import price increased by +80.2% against May 2023 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($992 per unit), while the price for Japan ($162 per unit) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Optical Radiation Instruments Price in Belgium (FOB) - 2022

The average optical radiation instruments export price stood at $175 per unit in 2022, falling by -16.2% against the previous year. Over the period under review, the export price showed a pronounced decrease. The pace of growth appeared the most rapid in 2020 an increase of 7.5%. Over the period under review, the average export prices hit record highs at $283 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($351 per unit), while the average price for exports to China ($118 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.5%), while the prices for the other major destinations experienced a decline.

Optical Radiation Instruments Imports in Belgium

In 2022, after three years of growth, there was significant decline in supplies from abroad of instruments using optical radiations, when their volume decreased by -37.4% to 991K units. Overall, total imports indicated tangible growth from 2019 to 2022: its volume increased at an average annual rate of +4.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. Over the period under review, imports hit record highs at 1.6M units in 2021, and then contracted markedly in the following year.

In value terms, optical radiation instruments imports shrank notably to $200M in 2022. In general, imports, however, posted tangible growth. The pace of growth was the most pronounced in 2020 when imports increased by 41% against the previous year. Imports peaked at $359M in 2021, and then contracted sharply in the following year.

Import of Optical Radiation Instruments in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Ireland	20.8	52.3	94.2	57.8	40.6%
Germany	27.5	44.9	49.3	32.8	6.1%
United States	58.6	50.3	73.3	27.6	-22.2%
United Kingdom	15.2	16.4	31.7	18.5	6.8%
Japan	13.6	16.6	24.4	17.1	7.9%
Netherlands	12.3	18.3	27.3	15.0	6.8%
Switzerland	10.0	27.6	9.0	11.5	4.8%
Luxembourg	8.8	7.4	10.1	0.7	-57.0%
Others	17.1	25.7	39.3	18.7	3.0%
Total	184	259	359	200	2.8%

Top Suppliers of Optical Radiation Instruments to Belgium in 2022:

Ireland (391.7K units)
Germany (161.4K units)
Japan (115.1K units)
United States (102.9K units)
Switzerland (55.5K units)
United Kingdom (53.8K units)
Netherlands (48.2K units)
Luxembourg (4.0K units)

Optical Radiation Instruments Exports in Belgium

After three years of growth, shipments abroad of instruments using optical radiations decreased by -34% to 894K units in 2022. Over the period under review, total exports indicated measured growth from 2019 to 2022: its volume increased at an average annual rate of +2.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 40%. The exports peaked at 1.4M units in 2021, and then fell notably in the following year.

In value terms, optical radiation instruments exports reduced sharply to $157M in 2022. Overall, exports, however, continue to indicate a slight expansion. The pace of growth was the most pronounced in 2020 when exports increased by 50% against the previous year. Over the period under review, the exports reached the maximum at $283M in 2021, and then reduced rapidly in the following year.

Export of Optical Radiation Instruments in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	7.1	26.8	44.3	26.2	54.5%
Germany	18.7	25.9	35.2	15.5	-6.1%
Italy	11.2	14.0	19.5	11.3	0.3%
United Kingdom	2.2	4.3	14.5	10.9	70.5%
Spain	7.0	11.2	11.2	8.4	6.3%
France	12.5	16.6	21.6	8.1	-13.5%
United States	7.0	20.9	17.8	7.7	3.2%
Austria	8.9	12.4	9.7	6.3	-10.9%
Greece	2.2	3.2	3.5	3.7	18.9%
Romania	3.3	3.5	4.3	3.3	0.0%
Poland	4.5	5.3	6.6	3.1	-11.7%
Israel	0.5	1.3	1.3	3.1	83.7%
Australia	2.0	1.7	3.6	3.0	14.5%
Others	64.0	80.4	90.0	46.1	-10.4%
Total	151	228	283	157	1.3%

Top Export Markets for Optical Radiation Instruments from Belgium in 2022:

China (221.3K units)
Germany (107.6K units)
Italy (61.7K units)
France (48.2K units)
Spain (43.8K units)
Austria (35.2K units)
United Kingdom (31.1K units)
United States (22.6K units)
Israel (21.4K units)
Greece (20.9K units)
Australia (18.6K units)
Poland (17.1K units)
Romania (16.6K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the optical radiation instruments market in Belgium. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26515350 - Instruments and apparatus using optical radiations, n.e.c.

Country coverage:

Belgium

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belgium
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023