Singapore: Optical Radiation Instruments Market 2024

Optical Radiation Instruments Market Size in Singapore

The Singaporean optical radiation instruments market rose modestly to $X in 2022, growing by X% against the previous year. Overall, consumption recorded a abrupt decrease. Optical radiation instruments consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Optical Radiation Instruments Production in Singapore

In value terms, optical radiation instruments production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production recorded a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Optical Radiation Instruments Exports

Exports from Singapore

In 2022, shipments abroad of instruments using optical radiations was finally on the rise to reach X units after two years of decline. Over the period under review, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, optical radiation instruments exports stood at $X in 2022. Overall, exports posted resilient growth. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

China (X units), the United States (X units) and Indonesia (X units) were the main destinations of optical radiation instruments exports from Singapore, with a combined X% share of total exports. India, the Netherlands, Vietnam, Australia, Hong Kong SAR, Thailand, Japan, South Korea, Malaysia and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and the Netherlands ($X) constituted the largest markets for optical radiation instruments exported from Singapore worldwide, together comprising X% of total exports. India, South Korea, Indonesia, Japan, Germany, Thailand, Hong Kong SAR, Australia, Vietnam and Malaysia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Vietnam, 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

In 2022, the average optical radiation instruments export price amounted to $X per unit, which is down by X% against the previous year. Overall, the export price continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Indonesia ($X 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 Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Optical Radiation Instruments Imports

Imports into Singapore

In 2022, purchases abroad of instruments using optical radiations was finally on the rise to reach X units after two years of decline. Overall, imports showed a prominent expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports 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. Over the period under review, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X units), the United States (X units) and Japan (X units) were the main suppliers of optical radiation instruments imports to Singapore, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of instruments using optical radiations to Singapore, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average optical radiation instruments import price amounted to $X per unit, shrinking by X% against the previous year. In general, the import price, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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