Report Update: Apr 1, 2024

India - Spectrometers And Spectrophotometers - Market Analysis, Forecast, Size, Trends And Insights

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Spectrometers and Spectrophotometers Price in India - 2023

Spectrometers and Spectrophotometers Price in India (CIF) - 2022

The average spectrometers and spectrophotometers import price stood at $2,942 per unit in 2022, shrinking by -3.6% against the previous year. Over the period under review, the import price faced a abrupt downturn. The pace of growth appeared the most rapid in 2018 an increase of 19%. Over the period under review, average import prices reached the peak figure at $13,144 per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($8,642 per unit), while the price for Hong Kong SAR ($622 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-3.2%), while the prices for the other major suppliers experienced a decline.

Spectrometers and Spectrophotometers Price in India (FOB) - 2022

In 2022, the average spectrometers and spectrophotometers export price amounted to $127 per unit, dropping by -9.9% against the previous year. Overall, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when the average export price increased by 36%. The export price peaked at $451 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($568 per unit), while the average price for exports to Nigeria ($31 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 Sri Lanka (+2.4%), while the prices for the other major destinations experienced a decline.

Spectrometers and Spectrophotometers Imports in India

For the fourth year in a row, India recorded growth in purchases abroad of spectrometers and spectrophotometers, which increased by 22% to 58K units in 2022. In general, imports showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 65%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, spectrometers and spectrophotometers imports soared to $172M in 2022. The total import value increased at an average annual rate of +1.8% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Spectrometers and Spectrophotometers in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	44.9	36.8	42.6	46.0	0.8%
Germany	31.7	31.5	31.7	34.3	2.7%
United States	24.0	19.3	18.6	22.0	-2.9%
United Kingdom	10.6	11.3	12.0	13.0	7.0%
China	7.8	6.0	9.5	10.3	9.7%
Japan	8.7	10.1	5.7	8.7	0.0%
Hong Kong SAR	1.3	1.1	1.5	1.7	9.4%
Others	33.7	40.1	23.9	35.9	2.1%
Total	163	156	146	172	1.8%

Top Suppliers of Spectrometers and Spectrophotometers to India in 2022:

Germany (20.0K units)
China (16.1K units)
United States (5.7K units)
Singapore (5.3K units)
United Kingdom (4.0K units)
Hong Kong SAR (2.7K units)
Japan (1.3K units)

Spectrometers and Spectrophotometers Exports in India

In 2022, approx. 96K units of spectrometers and spectrophotometers were exported from India; jumping by 28% compared with 2021. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 124%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, spectrometers and spectrophotometers exports surged to $12M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +88.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 64% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Export of Spectrometers and Spectrophotometers in India (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	114	288	1,849	2,042	161.6%
United States	1,121	387	913	1,008	-3.5%
Singapore	156	368	670	740	68.0%
United Kingdom	785	683	348	650	-6.1%
Nepal	637	240	540	596	-2.2%
Bangladesh	469	576	169	434	-2.6%
Nigeria	143	140	295	326	31.6%
Saudi Arabia	430	121	155	252	-16.3%
Ukraine	88.9	23.9	199	220	35.3%
Sri Lanka	124	206	195	216	20.3%
Qatar	7.6	134	150	165	179.0%
United Arab Emirates	91.0	99.0	89.0	100	3.2%
Netherlands	129	87.7	14.9	82.5	-13.8%
Others	3,792	3,130	5,036	5,404	12.5%
Total	8,088	6,484	10,624	12,237	14.8%

Top Export Markets for Spectrometers and Spectrophotometers from India in 2022:

United States (22.5K units)
Nigeria (10.5K units)
Saudi Arabia (5.8K units)
Qatar (5.3K units)
United Kingdom (5.1K units)
Bangladesh (4.1K units)
Sri Lanka (3.7K units)
China (3.6K units)
Ukraine (2.5K units)
United Arab Emirates (2.5K units)
Netherlands (2.3K units)
Singapore (2.3K units)
Nepal (1.9K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the spectrometers and spectrophotometers market in India. 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:

India

Data coverage:

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