World - Spectrometers And Spectrophotometers - Market Analysis, Forecast, Size, Trends And Insights
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The article discusses the downward trend in the global market for spectrometers and spectrophotometers, with declines in both consumption and production. It provides detailed data on consumption patterns, production volumes, import and export trends, as well as the highest consuming and producing countries. The analysis includes information on market values, growth rates, and price variations for spectrometers and spectrophotometers.
Market Forecast
Depressed by shrinking demand for spectrometers and spectrophotometers worldwide, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -2.0% for the period from 2022 to 2030, which is projected to depress the market volume to 681K units by the end of 2030.
In value terms, the market is forecast to contract with an anticipated CAGR of -0.6% for the period from 2022 to 2030, which is projected to bring the market value to $5.1B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Spectrometers And Spectrophotometers
After two years of growth, consumption of spectrometers and spectrophotometers decreased by -12.9% to 801K units in 2022. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak volume of 919K units, and then fell in the following year.
The global spectrometers and spectrophotometers market value shrank significantly to $5.4B in 2022, dropping by -15.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a slight reduction. Over the period under review, the global market attained the maximum level at $7.3B in 2013; however, from 2014 to 2022, consumption failed to regain momentum.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were Singapore (100K units), Germany (97K units) and China (69K units), with a combined 33% share of global consumption. The United States, Canada, the Czech Republic, Hong Kong SAR, South Africa, Nigeria, India, Japan, Russia and France lagged somewhat behind, together accounting for a further 34%.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by the Czech Republic (with a CAGR of +22.9%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest spectrometers and spectrophotometers markets worldwide were Germany ($634M), China ($557M) and the Czech Republic ($289M), together comprising 27% of the global market.
The Czech Republic, with a CAGR of +22.1%, saw the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
In 2022, the highest levels of spectrometers and spectrophotometers per capita consumption was registered in Singapore (17 units per 1000 persons), followed by Hong Kong SAR (3.3 units per 1000 persons), the Czech Republic (2.5 units per 1000 persons) and Canada (1.2 units per 1000 persons), while the world average per capita consumption of spectrometers and spectrophotometers was estimated at 0.1 units per 1000 persons.
In Singapore, spectrometers and spectrophotometers per capita consumption increased at an average annual rate of +4.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hong Kong SAR (-7.9% per year) and the Czech Republic (+22.8% per year).
Production
World Production of Spectrometers And Spectrophotometers
After two years of growth, production of spectrometers and spectrophotometers decreased by -9.7% to 846K units in 2022. Overall, production showed a mild setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by 35%. Over the period under review, global production hit record highs at 944K units in 2012; however, from 2013 to 2022, production failed to regain momentum.
In value terms, spectrometers and spectrophotometers production expanded slightly to $3.8B in 2022 estimated in export price. In general, production saw a mild reduction. The pace of growth was the most pronounced in 2018 when the production volume increased by 17% against the previous year. Global production peaked at $4.8B in 2015; however, from 2016 to 2022, production failed to regain momentum.
Production By Country
The countries with the highest volumes of production in 2022 were China (170K units), the United States (143K units) and Germany (143K units), together comprising 54% of global production. India, Hong Kong SAR, France, the Czech Republic, the UK, Nigeria, Japan, Mexico and Switzerland lagged somewhat behind, together comprising a further 31%.
From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by the Czech Republic (with a CAGR of +53.8%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Spectrometers And Spectrophotometers
For the fifth consecutive year, the global market recorded growth in purchases abroad of spectrometers and spectrophotometers, which increased by 0.5% to 863K units in 2022. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. Global imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, spectrometers and spectrophotometers imports expanded slightly to $4.3B in 2022. The total import value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 8.9% against the previous year. Global imports peaked in 2022 and are likely to see gradual growth in the near future.
Imports By Country
In 2022, Singapore (166K units), the United States (161K units) and China (114K units) represented the main importer of spectrometers and spectrophotometers in the world, committing 51% of total import. It was distantly followed by Canada (60K units), creating a 7% share of total imports. The following importers - India (35K units), Germany (24K units), South Africa (21K units), Australia (21K units), Switzerland (15K units), Norway (14K units) and South Korea (14K units) - together made up 17% of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Australia (with a CAGR of +13.0%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the largest spectrometers and spectrophotometers importing markets worldwide were China ($794M), the United States ($640M) and Germany ($276M), with a combined 40% share of global imports. Singapore, South Korea, India, Canada, Australia, Switzerland, South Africa and Norway lagged somewhat behind, together accounting for a further 20%.
Singapore, with a CAGR of +16.6%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average spectrometers and spectrophotometers import price stood at $4,970 per unit in 2022, growing by 1.9% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 10%. Global import price peaked at $6,121 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($13,016 per unit), while South Africa ($1,063 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+12.9%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Spectrometers And Spectrophotometers
In 2022, shipments abroad of spectrometers and spectrophotometers increased by 3.6% to 908K units, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 27%. The global exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, spectrometers and spectrophotometers exports rose modestly to $4.7B in 2022. The total export value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 13%. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the immediate term.
Exports By Country
The United States (237K units) and China (215K units) represented roughly 50% of total exports in 2022. India (74K units) held the next position in the ranking, followed by Germany (70K units) and Singapore (66K units). All these countries together took near 23% share of total exports. Hong Kong SAR (34K units), France (29K units), Switzerland (24K units), the UK (23K units), Malaysia (15K units) and Canada (14K units) took a relatively small share of total exports.
From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +25.1%), while shipments for the other global leaders experienced more modest paces of growth.
In value terms, the largest spectrometers and spectrophotometers supplying countries worldwide were the United States ($1B), Germany ($823M) and Singapore ($375M), together accounting for 48% of global exports. The UK, Malaysia, China, Hong Kong SAR, France, Canada, Switzerland and India lagged somewhat behind, together comprising a further 26%.
Malaysia, with a CAGR of +14.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average spectrometers and spectrophotometers export price stood at $5,122 per unit in 2022, standing approx. at the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices reached the peak figure at $5,849 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the UK ($14,287 per unit), while India ($173 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+7.7%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global spectrometers and spectrophotometers market. 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 26515330 - Spectrometers, spectrophotometers... using optical radiations
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- 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
- CONSUMPTION BY COUNTRY
- 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. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- 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 -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 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
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 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, 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, 2012–2023
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