Hong Kong SAR, China - Instruments Using Optical Radiations - Market Analysis, Forecast, Size, Trends And Insights
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View PricingOptical Radiation Instruments Price in Hong Kong SAR - 2023
Contents:
- Optical Radiation Instruments Price in Hong Kong SAR (FOB) - 2022
- Optical Radiation Instruments Price in Hong Kong SAR (CIF) - 2022
- Optical Radiation Instruments Exports in Hong Kong SAR
- Optical Radiation Instruments Imports in Hong Kong SAR
Optical Radiation Instruments Price in Hong Kong SAR (FOB) - 2022
The average optical radiation instruments export price stood at $333 per unit in 2022, shrinking by -8.6% against the previous year. Overall, the export price continues to indicate a mild curtailment. The growth pace was the most rapid in 2021 an increase of 22%. The export price peaked at $426 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to India ($336 per unit) and Austria ($336 per unit), while the average price for exports to China ($336 per unit) and the United States ($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 India (+2.9%), while the prices for the other major destinations experienced a decline.
Optical Radiation Instruments Price in Hong Kong SAR (CIF) - 2022
In 2022, the average optical radiation instruments import price amounted to $433 per unit, dropping by -3.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2021 an increase of 13%. As a result, import price attained the peak level of $447 per unit, and then contracted in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($433 per unit) and China ($433 per unit), while the price for Singapore ($433 per unit) and Canada ($433 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Optical Radiation Instruments Exports in Hong Kong SAR
In 2022, approx. 830K units of instruments using optical radiations were exported from Hong Kong SAR; rising by 31% on the previous year's figure. Over the period under review, total exports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +3.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -19.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 37%. As a result, the exports attained the peak of 1M units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, optical radiation instruments exports surged to $276M in 2022. The total export value increased at an average annual rate of +3.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 24% against the previous year. As a result, the exports attained the peak of $307M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Optical Radiation Instruments in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 225 | 260 | 184 | 215 | -1.5% |
| Austria | N/A | N/A | 5.0 | 9.9 | 98.0% |
| United States | 1.7 | 7.4 | 3.1 | 5.8 | 50.5% |
| India | 2.3 | 2.1 | 1.1 | 4.6 | 26.0% |
| Others | 18.3 | 37.8 | 36.4 | 40.9 | 30.7% |
| Total | 247 | 307 | 230 | 276 | 3.8% |
Top Export Markets for Optical Radiation Instruments from Hong Kong SAR in 2022:
- China (639.0K units)
- Austria (29.6K units)
- United States (17.1K units)
- India (13.6K units)
Optical Radiation Instruments Imports in Hong Kong SAR
In 2022, purchases abroad of instruments using optical radiations was finally on the rise to reach 450K units after two years of decline. Overall, imports, however, recorded a relatively flat trend pattern. Imports peaked at 451K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, optical radiation instruments imports surged to $195M in 2022. The total import value increased at an average annual rate of +3.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Optical Radiation Instruments in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 46.4 | 47.2 | 35.5 | 52.0 | 3.9% |
| United States | 47.3 | 21.4 | 23.4 | 38.0 | -7.0% |
| Singapore | 16.8 | 21.8 | 32.9 | 27.3 | 17.6% |
| United Kingdom | 16.7 | 20.4 | 19.8 | 22.3 | 10.1% |
| Japan | 16.7 | 23.3 | 24.6 | 18.8 | 4.0% |
| Germany | 15.1 | 12.2 | 7.5 | 7.2 | -21.9% |
| Canada | 4.5 | 5.3 | 4.9 | 6.7 | 14.2% |
| Others | 13.9 | 14.9 | 13.4 | 22.5 | 17.4% |
| Total | 177 | 167 | 162 | 195 | 3.3% |
Top Suppliers of Optical Radiation Instruments to Hong Kong SAR in 2022:
- China (120.1K units)
- United States (87.8K units)
- Singapore (63.1K units)
- United Kingdom (51.4K units)
- Japan (43.4K units)
- Germany (16.6K units)
- Canada (15.5K units)
This report provides an in-depth analysis of the optical radiation instruments market in Hong Kong SAR, China. 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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