Report Update: Apr 1, 2024

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

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Optical Radiation Instruments Price in Chile - 2023

Optical Radiation Instruments Price in Chile (CIF) - 2022

In 2022, the average optical radiation instruments import price amounted to $433 per unit, falling by -3.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2021 an increase of 14%. As a result, import price attained the peak level of $447 per unit, and then contracted slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($433 per unit) and Estonia ($433 per unit), while the price for Singapore ($433 per unit) and Thailand ($433 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Optical Radiation Instruments Price in Chile (FOB) - 2022

The average optical radiation instruments export price stood at $336 per unit in 2022, declining by -7.8% against the previous year. Over the period under review, the export price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 7%. Over the period under review, the average export prices hit record highs at $427 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Colombia ($336 per unit) and Argentina ($336 per unit), while the average price for exports to Portugal ($336 per unit) and Guatemala ($336 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+2.4%), while the prices for the other major destinations experienced a decline.

Optical Radiation Instruments Imports in Chile

In 2022, approx. 64K units of instruments using optical radiations were imported into Chile; growing by 22% against the previous year's figure. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +17.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 24% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, optical radiation instruments imports soared to $28M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.4% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 24% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Import of Optical Radiation Instruments in Chile (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	8.4	7.2	7.6	10.1	6.3%
China	0.7	2.0	2.7	2.6	54.9%
Germany	1.4	1.7	2.3	2.3	18.0%
Singapore	0.5	1.2	2.6	2.1	61.3%
Japan	0.3	0.7	1.6	1.7	78.3%
Estonia	0.1	0.3	0.3	0.8	100.0%
Taiwan (Chinese)	N/A	0.1	0.1	0.8	182.8%
Ireland	N/A	1.0	N/A	0.7	-16.3%
United Kingdom	0.5	0.4	0.7	0.6	6.3%
Sweden	0.3	0.3	0.8	0.6	26.0%
Switzerland	0.1	0.2	0.3	0.6	81.7%
Thailand	N/A	N/A	N/A	0.6	0%
Italy	0.3	0.1	0.1	0.4	10.1%
Others	2.8	3.8	4.4	3.9	11.7%
Total	15.4	19.1	23.6	27.8	21.8%

Top Suppliers of Optical Radiation Instruments to Chile in 2022:

United States (23.4K units)
China (6.0K units)
Germany (5.2K units)
Singapore (4.8K units)
Japan (3.9K units)
Taiwan (Chinese) (2.0K units)
Estonia (1.9K units)
Ireland (1.6K units)
Switzerland (1.5K units)
United Kingdom (1.4K units)
Thailand (1.4K units)
Sweden (1.3K units)
Italy (1.0K units)

Optical Radiation Instruments Exports in Chile

In 2022, overseas shipments of instruments using optical radiations decreased by -7.6% to 1.8K units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 136%. As a result, the exports attained the peak of 1.9K units, and then fell in the following year.

In value terms, optical radiation instruments exports shrank to $593K in 2022. Over the period under review, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 148%. As a result, the exports reached the peak of $697K, and then shrank in the following year.

Export of Optical Radiation Instruments in Chile (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	130	119	302	232	21.3%
Taiwan (Chinese)	N/A	N/A	N/A	126	0%
Belgium	14.0	N/A	N/A	125	107.5%
Argentina	2.0	N/A	278	36.1	162.3%
Portugal	N/A	N/A	N/A	16.0	0%
Guatemala	N/A	6.3	N/A	16.0	59.4%
Colombia	N/A	N/A	10.7	11.9	11.2%
Honduras	N/A	N/A	63.3	N/A	0%
Others	21.8	156	43.2	29.3	10.4%
Total	168	281	697	593	52.3%

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

United States (691.0 units)
Taiwan (Chinese) (375.0 units)
Belgium (372.0 units)
Argentina (107.0 units)
Portugal (48.0 units)
Guatemala (48.0 units)
Colombia (36.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the optical radiation instruments market in Chile. 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:

Chile

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Chile
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