Asia: Microscope Market 2024

Microscope Market Size in Asia

In 2021, the Asian microscope market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Microscope Production in Asia

In value terms, microscope production contracted modestly to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 4.8%. The level of production peaked at $X in 2012; afterwards, it flattened through to 2021.

Microscope Exports

Exports in Asia

In 2021, shipments abroad of microscopes and diffraction apparatus increased by 14% to X units, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when exports increased by 38% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, microscope exports expanded to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 46% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Japan (X units) was the major exporter of microscopes and diffraction apparatus, constituting 62% of total exports. It was distantly followed by China (X units) and South Korea (X units), together committing a 30% share of total exports. India (X units) held a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to microscope exports from Japan stood at -1.3%. At the same time, India (+29.8%), China (+17.8%) and South Korea (+7.9%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +29.8% from 2012-2021. China (+17 p.p.), India (+3.3 p.p.) and South Korea (+2.4 p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by -25.3% from 2012 to 2021, respectively.

In value terms, Japan ($X) remains the largest microscope supplier in Asia, comprising 76% of total exports. The second position in the ranking was held by South Korea ($X), with an 11% share of total exports. It was followed by China, with a 2.5% share.

In Japan, microscope exports shrank by an average annual rate of -2.8% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+11.9% per year) and China (+17.4% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, falling by -10.4% against the previous year. In general, the export price recorded a pronounced decline. The most prominent rate of growth was recorded in 2020 an increase of 20% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was South Korea ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.7%), while the other leaders experienced a decline in the export price figures.

Microscope Imports

Imports in Asia

In 2021, the amount of microscopes and diffraction apparatus imported in Asia soared to X units, jumping by 68% on 2020. In general, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 71%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, microscope imports expanded significantly to $X in 2021. Overall, imports showed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 45% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, South Korea (X units) represented the major importer of microscopes and diffraction apparatus, achieving 43% of total imports. India (X units) took a 28% share (based on physical terms) of total imports, which put it in second place, followed by Israel (6.4%) and Japan (5.6%). Taiwan (Chinese) (X units), Singapore (X units) and Malaysia (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by India (with a CAGR of +53.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constitutes the largest market for imported microscopes and diffraction apparatus in Asia, comprising 31% of total imports. The second position in the ranking was held by Japan ($X), with a 4.2% share of total imports. It was followed by Taiwan (Chinese), with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in South Korea stood at +4.1%. In the other countries, the average annual rates were as follows: Japan (+3.3% per year) and Taiwan (Chinese) (+22.8% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2021, falling by -32% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 46% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Taiwan (Chinese) ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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