Southern Asia: Optical Radiation Instruments Market 2024

Optical Radiation Instruments Market Size in Southern Asia

The South Asian optical radiation instruments market declined to $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption recorded a noticeable setback. The pace of growth was the most pronounced in 2021 when the market value increased by X% against the previous year. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Optical Radiation Instruments Production in Southern Asia

In value terms, optical radiation instruments production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Optical Radiation Instruments Exports

Exports in Southern Asia

In 2022, shipments abroad of instruments using optical radiations decreased by X% to X units, falling for the third consecutive year after four years of growth. Over the period under review, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, optical radiation instruments exports surged to $X in 2022. In general, exports, however, saw buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, India (X units) was the major exporter of instruments using optical radiations in Southern Asia, mixing up X% of total export.

India was also the fastest-growing in terms of the instruments using optical radiations exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest optical radiation instruments supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India totaled X%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, growing by X% against the previous year. Export price indicated prominent 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 export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Optical Radiation Instruments Imports

Imports in Southern Asia

After eight years of growth, overseas purchases of instruments using optical radiations decreased by X% to X units in 2022. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then declined in the following year.

In value terms, optical radiation instruments imports amounted to $X in 2022. In general, imports, however, posted prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

India dominates imports structure, reaching X units, which was near X% of total imports in 2022. The following importers - Bangladesh (X units) and Nepal (X units) - each amounted to a X% share of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, Nepal (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of India and Nepal increased by X and X percentage points, respectively.

In value terms, India ($X) constitutes the largest market for imported instruments using optical radiations in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Nepal (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, growing by X% against the previous year. Overall, the import price, however, continues to indicate a abrupt decrease. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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