Eastern Asia: Chromatograph Market 2024

Chromatograph Market Size in Eastern Asia

In 2022, after two years of growth, there was significant decline in the East Asian chromatograph market, when its value decreased by -12.7% to $X. The total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then contracted in the following year.

Chromatograph Production in Eastern Asia

In value terms, chromatograph production shrank slightly to $X in 2022 estimated in export price. The total production indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.2% 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 +0.2% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of 32% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Chromatograph Exports

Exports in Eastern Asia

For the third consecutive year, Eastern Asia recorded growth in overseas shipments of chromatographs and electrophoresis instruments, which increased by 26% to X units in 2022. In general, exports, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 47%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, chromatograph exports expanded sharply to $X in 2022. Total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +71.7% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 32% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

In 2022, China (X units) was the key exporter of chromatographs and electrophoresis instruments, constituting 54% of total exports. It was distantly followed by Hong Kong SAR (X units) and Japan (X units), together making up a 45% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Hong Kong SAR (with a CAGR of -0.2%), while the other leaders experienced a decline in the exports figures.

In value terms, Hong Kong SAR ($X) remains the largest chromatograph supplier in Eastern Asia, comprising 71% of total exports. The second position in the ranking was taken by China ($X), with a 17% share of total exports.

In Hong Kong SAR, chromatograph exports expanded at an average annual rate of +6.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: China (+3.6% per year) and Japan (-3.7% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, declining by -10.2% against the previous year. In general, the export price, however, showed a resilient expansion. The pace of growth was the most pronounced in 2016 an increase of 38% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+6.7%), while the other leaders experienced more modest paces of growth.

Chromatograph Imports

Imports in Eastern Asia

In 2022, after two years of growth, there was decline in supplies from abroad of chromatographs and electrophoresis instruments, when their volume decreased by -2.3% to X units. Total imports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.4% 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 +79.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 50%. As a result, imports reached the peak of X units, and then shrank in the following year.

In value terms, chromatograph imports soared to $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.9% 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 +54.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 22%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

Hong Kong SAR (X units) and China (X units) dominates imports structure, together committing 84% of total imports. It was distantly followed by South Korea (X units), committing a 9.1% share of total imports. Japan (X units) and Taiwan (Chinese) (X units) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +6.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported chromatographs and electrophoresis instruments in Eastern Asia, comprising 66% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 21% share of total imports. It was followed by South Korea, with an 8.6% 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 South Korea (+5.5% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, picking up by 22% against the previous year. Import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chromatograph import price decreased by -23.6% against 2018 indices. The pace of growth was the most pronounced in 2017 when the import price increased by 48%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 ($X per unit), while Taiwan (Chinese) ($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 (+8.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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