ASEAN: Optical Radiation Instruments Market 2024

Optical Radiation Instruments Market Size in ASEAN

The ASEAN optical radiation instruments market was estimated at $X in 2022, flattening at the previous year. Overall, consumption, however, saw a deep reduction. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Optical Radiation Instruments Production in ASEAN

In value terms, optical radiation instruments production reached $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Optical Radiation Instruments Exports

Exports in ASEAN

In 2022, shipments abroad of instruments using optical radiations was finally on the rise to reach X units after two years of decline. Overall, exports enjoyed a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, optical radiation instruments exports stood at $X in 2022. Over the period under review, exports recorded a remarkable increase. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

Singapore represented the main exporter of instruments using optical radiations in ASEAN, with the volume of exports recording X units, which was near X% of total exports in 2022. Thailand (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (X%).

From 2012 to 2022, average annual rates of growth with regard to optical radiation instruments exports from Singapore stood at X%. At the same time, Thailand (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Thailand increased by X percentage points.

In value terms, Singapore ($X) remains the largest optical radiation instruments supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Singapore totaled X%. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, waning by X% against the previous year. Overall, the export price recorded a noticeable descent. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced a decline in the export price figures.

Optical Radiation Instruments Imports

Imports in ASEAN

After two years of decline, overseas purchases of instruments using optical radiations increased by X% to X units in 2022. Overall, imports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, optical radiation instruments imports surged to $X in 2022. In general, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

In 2022, Thailand (X units) represented the major importer of instruments using optical radiations, mixing up X% of total imports. Singapore (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (X%) and the Philippines (X%). Malaysia (X units) took a relatively small share 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 the Philippines (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported instruments using optical radiations in ASEAN, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore stood at X%. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, with a decrease of X% against the previous year. Import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. 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 the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :