Eastern Asia: Spectrometers And Spectrophotometers Market 2024

Spectrometers And Spectrophotometers Market Size in Eastern Asia

In 2022, the East Asian spectrometers and spectrophotometers market decreased by X% to $X, falling for the second year in a row after two years of growth. Overall, consumption showed 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.

Spectrometers And Spectrophotometers Production in Eastern Asia

In value terms, spectrometers and spectrophotometers production reduced to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Spectrometers And Spectrophotometers Exports

Exports in Eastern Asia

In 2022, overseas shipments of spectrometers and spectrophotometers increased by X% to X 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 X% 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 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, spectrometers and spectrophotometers exports reached $X in 2022. The total export value increased at an average annual rate of X% 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 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China was the major exporting country with an export of around X units, which amounted to X% of total exports. It was distantly followed by Hong Kong SAR (X units), comprising a X% share of total exports. Japan (X units) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of spectrometers and spectrophotometers. At the same time, Hong Kong SAR (X%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) illustrated a downward trend over the same period. While the share of Hong Kong SAR (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (X p.p.) and China (X p.p.) displayed negative dynamics.

In value terms, China ($X), Hong Kong SAR ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

China, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 China (X%), while the other leaders experienced mixed trends in the export price figures.

Spectrometers And Spectrophotometers Imports

Imports in Eastern Asia

In 2022, approx. X units of spectrometers and spectrophotometers were imported in Eastern Asia; growing by X% against the previous year's figure. The total import volume increased at an average annual rate of X% 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 2018 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, spectrometers and spectrophotometers imports expanded notably to $X in 2022. The total import value increased at an average annual rate of X% 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 2018 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

China dominates imports structure, amounting to X units, which was approx. X% of total imports in 2022. South Korea (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (X%) and Japan (X%). Taiwan (Chinese) (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the spectrometers and spectrophotometers imports, with a CAGR of X% from 2012 to 2022. South Korea experienced a relatively flat trend pattern. Japan (X%), Taiwan (Chinese) (X%) and 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 Taiwan (Chinese) (X p.p.), South Korea (X p.p.), Japan (X p.p.) and Hong Kong SAR (X p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported spectrometers and spectrophotometers in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Japan, with 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 Japan (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. 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 peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a 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 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 more modest paces of growth.

Source: IndexBox Platform

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