Asia: Chromatograph Market 2024

Chromatograph Market Size in Asia

The Asian chromatograph market contracted to $X in 2022, declining by -10.4% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Chromatograph Production in Asia

In value terms, chromatograph production totaled $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 11% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Chromatograph Exports

Exports in Asia

In 2022, the amount of chromatographs and electrophoresis instruments exported in Asia rose rapidly to X units, picking up by 12% against the year before. Over the period under review, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 38%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, chromatograph exports expanded notably to $X in 2022. Total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 28% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

Singapore represented the largest exporter of chromatographs and electrophoresis instruments in Asia, with the volume of exports reaching X units, which was approx. 64% of total exports in 2022. China (X units) held the second position in the ranking, followed by Hong Kong SAR (X units). All these countries together took approx. 27% share of total exports. The following exporters - Japan (X units), Malaysia (X units) and India (X units) - together made up 7.8% of total exports.

Exports from Singapore increased at an average annual rate of +16.4% from 2012 to 2022. At the same time, Malaysia (+51.8%) and India (+29.7%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +51.8% from 2012-2022. Hong Kong SAR experienced a relatively flat trend pattern. By contrast, China (-1.1%) and Japan (-5.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Singapore, Malaysia and India increased by +36, +2.4 and +2.1 percentage points, respectively.

In value terms, the largest chromatograph supplying countries in Asia were Hong Kong SAR ($X), Singapore ($X) and China ($X), with a combined 88% share of total exports. Japan, Malaysia and India lagged somewhat behind, together comprising a further 10%.

Malaysia, with a CAGR of +41.8%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, dropping by -5.8% against the previous year. Overall, the export price showed a perceptible downturn. The pace of growth was the most pronounced in 2016 an increase of 23% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the export prices remained at a somewhat lower figure.

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 Hong Kong SAR ($X per unit), while India ($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 (+6.7%), while the other leaders experienced more modest paces of growth.

Chromatograph Imports

Imports in Asia

After four years of growth, supplies from abroad of chromatographs and electrophoresis instruments decreased by -6.9% to X units in 2022. Total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.0% against 2014 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 24% against the previous year. As a result, imports attained the peak of X units, and then reduced in the following year.

In value terms, chromatograph imports skyrocketed to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Hong Kong SAR (X units), Singapore (X units) and China (X units) represented roughly 68% of total imports in 2022. India (X units) held the next position in the ranking, distantly followed by South Korea (X units). All these countries together took approx. 17% share of total imports. Thailand (X units) and Japan (X units) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +9.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported chromatographs and electrophoresis instruments in Asia, comprising 51% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 16% share of total imports. It was followed by India, with an 8.5% share.

In China, chromatograph imports increased at an average annual rate of +8.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hong Kong SAR (+6.5% per year) and India (+5.1% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, rising by 24% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+8.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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