Eastern Asia: Optical Radiation Instruments Market 2024

Optical Radiation Instruments Market Size in Eastern Asia

The East Asian optical radiation instruments market declined modestly to $X in 2022, standing approx. at the previous year. In general, consumption recorded a abrupt decrease. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Optical Radiation Instruments Production in Eastern Asia

In value terms, optical radiation instruments production fell modestly to $X.6B in 2022 estimated in export price. Over the period under review, production saw a abrupt downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X.3B. From 2014 to 2022, production growth remained at a lower figure.

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Optical Radiation Instruments Exports

Exports in Eastern Asia

In 2022, the amount of instruments using optical radiations exported in Eastern Asia skyrocketed to X units, with an increase of X% on 2021. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, optical radiation instruments exports expanded notably to $X in 2022. In general, exports showed prominent growth. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

China dominates exports structure, amounting to X units, which was approx. X% of total exports in 2022. Hong Kong SAR (X units) and Japan (X units) took a minor share of total exports.

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, Japan (X%) and Hong Kong SAR (X%) displayed positive paces of growth. From 2012 to 2022, the share of China increased by X percentage points.

In value terms, Japan ($X), China ($X) and Hong Kong SAR ($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%, recorded the highest rates of growth with regard to 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

The export price in Eastern Asia stood at $X per unit in 2022, declining by X% against the previous year. Overall, the export price recorded a abrupt setback. The pace of growth appeared the most rapid in 2019 when the export price increased by X%. 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 Japan ($X per unit), while China ($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 Eastern Asia

In 2022, supplies from abroad of instruments using optical radiations increased by X% to X units, rising for the fifth consecutive year after four years of decline. Over the period under review, imports recorded a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, optical radiation instruments imports expanded modestly to $X in 2022. In general, imports showed a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

China dominates imports structure, amounting to X units, which was approx. X% of total imports in 2022. South Korea (X units), Hong Kong SAR (X units), Japan (X units) and Taiwan (Chinese) (X units) took a little share of total imports.

China was also the fastest-growing in terms of the instruments using optical radiations imports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%) and Japan (X%) displayed positive paces of growth. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (X p.p.), Taiwan (Chinese) (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, China ($X) constitutes the largest market for imported instruments using optical radiations in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

In China, optical radiation instruments imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, shrinking by X% against the previous year. Import price indicated mild 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. Based on 2022 figures, optical radiation instruments import price decreased by X% against 2017 indices. The pace of growth appeared the most rapid in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while China ($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 more modest paces of growth.

Source: IndexBox Platform

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