Asia: Optical Radiation Instruments Market 2025

Optical Radiation Instruments Market Size in Asia

In 2022, the Asian optical radiation instruments market decreased by -10% to $X, falling for the second year in a row after four years of growth. The total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -10.4% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Optical Radiation Instruments Production in Asia

In value terms, optical radiation instruments production totaled $X in 2022 estimated in export price. The total production indicated a remarkable increase 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, production decreased by -2.3% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 21% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Optical Radiation Instruments Exports

Exports in Asia

For the eleventh year in a row, Asia recorded growth in shipments abroad of instruments using optical radiations, which increased by 20% to X units in 2022. Over the period under review, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 29%. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, optical radiation instruments exports surged to $X in 2022. In general, exports recorded strong growth. The pace of growth appeared the most rapid in 2020 with an increase of 27% 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 near future.

Exports by Country

China (X units) and Japan (X units) represented roughly 68% of total exports in 2022. It was distantly followed by Singapore (X units), Israel (X units) and Hong Kong SAR (X units), together committing a 26% share of total exports. South Korea (X units) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +43.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the largest optical radiation instruments supplier in Asia, comprising 45% of total exports. The second position in the ranking was taken by Japan ($X), with a 17% share of total exports. It was followed by China, with a 14% share.

In Singapore, optical radiation instruments exports increased at an average annual rate of +19.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (+5.6% per year) and China (+24.1% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, increasing by 4.6% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 10%. Over the period under review, the export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a 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 Singapore ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+8.5%), while the other leaders experienced a decline in the export price figures.

Optical Radiation Instruments Imports

Imports in Asia

Optical radiation instruments imports rose slightly to X units in 2022, increasing by 3.4% compared with 2021. Over the period under review, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 20%. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, optical radiation instruments imports expanded notably to $X in 2022. In general, imports showed strong growth. The pace of growth appeared the most rapid in 2019 with an increase of 18% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, China (X units) represented the major importer of instruments using optical radiations, comprising 37% of total imports. South Korea (X units) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (8.3%), Taiwan (Chinese) (5.6%), India (5%) and Japan (5%). The following importers - Hong Kong SAR (X units), Thailand (X units), Indonesia (X units), Turkey (X units), Vietnam (X units) and the United Arab Emirates (X units) - together made up 17% of total imports.

Imports into China increased at an average annual rate of +5.4% from 2012 to 2022. At the same time, Vietnam (+21.6%), Thailand (+18.5%), Singapore (+16.8%), Taiwan (Chinese) (+15.6%), India (+12.9%), Indonesia (+12.1%), South Korea (+10.8%), the United Arab Emirates (+8.8%), Turkey (+7.2%), Hong Kong SAR (+4.2%) and Japan (+1.3%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia, with a CAGR of +21.6% from 2012-2022. While the share of Singapore (+4.5 p.p.), Taiwan (Chinese) (+2.8 p.p.), South Korea (+2.5 p.p.), Thailand (+2 p.p.), India (+1.8 p.p.) and Vietnam (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Hong Kong SAR (-1.6 p.p.), Japan (-4.6 p.p.) and China (-10.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported instruments using optical radiations in Asia, comprising 45% of total imports. The second position in the ranking was held by South Korea ($X), with a 9.9% share of total imports. It was followed by Singapore, with a 9.8% share.

In China, optical radiation instruments imports increased at an average annual rate of +9.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+8.8% per year) and Singapore (+20.8% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, increasing by 2.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2021 when the import price increased by 11%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 China ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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