Asia-Pacific: Optical Radiation Instruments Market 2024

Optical Radiation Instruments Market Size in Asia-Pacific

The Asia-Pacific optical radiation instruments market shrank slightly to $X in 2022, almost unchanged from the previous year. Overall, consumption continues to indicate a deep downturn. As a result, consumption attained the peak level of $X.6B. From 2014 to 2022, the growth of the market remained at a lower figure.

Optical Radiation Instruments Production in Asia-Pacific

In value terms, optical radiation instruments production dropped slightly to $X.8B in 2022 estimated in export price. Overall, production saw a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Optical Radiation Instruments Exports

Exports in Asia-Pacific

For the eleventh year in a row, Asia-Pacific recorded growth in shipments abroad of instruments using optical radiations, which increased by X% to X units in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, optical radiation instruments exports expanded rapidly to $X in 2022. In general, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

China prevails in exports structure, resulting at X units, which was approx. X% of total exports in 2022. Hong Kong SAR (X units), Singapore (X units) and Japan (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the instruments using optical radiations exports, with a CAGR of X% from 2012 to 2022. At the same time, Singapore (X%), Japan (X%) and Hong Kong SAR (X%) displayed positive paces of growth. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (X p.p.) and Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X), Japan ($X) and China ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

In terms of the main exporting countries, China, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, dropping by X% against the previous year. Overall, the export price showed a abrupt descent. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced mixed trends in the export price figures.

Optical Radiation Instruments Imports

Imports in Asia-Pacific

In 2022, supplies from abroad of instruments using optical radiations increased by X% to X units, rising for the sixth year in a row after two years of decline. In general, imports showed a prominent expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, optical radiation instruments imports totaled $X in 2022. Overall, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2017 when imports increased by X%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

China was the main importer of instruments using optical radiations in Asia-Pacific, with the volume of imports accounting for X units, which was approx. X% of total imports in 2022. Thailand (X units) took the second position in the ranking, followed by India (X units) and Singapore (X units). All these countries together held near X% share of total imports. The following importers - South Korea (X units), Australia (X units), Hong Kong SAR (X units) and Japan (X units) - each recorded a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to optical radiation instruments imports into China stood at X%. At the same time, India (X%), Thailand (X%), Singapore (X%), South Korea (X%), Australia (X%) and Japan (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. India (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported instruments using optical radiations in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with an X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, declining by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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