Eastern Europe: Optical Radiation Instruments Market 2025

Optical Radiation Instruments Market Size in Eastern Europe

In 2022, the East European optical radiation instruments market decreased by -2% to $X for the first time since 2015, thus ending a six-year rising trend. The total consumption indicated a temperate increase from 2012 to 2022: its value 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, consumption increased by +93.6% against 2015 indices. Over the period under review, the market hit record highs at $X in 2021, and then shrank modestly in the following year.

Optical Radiation Instruments Production in Eastern Europe

In value terms, optical radiation instruments production stood at $X in 2022 estimated in export price. The total production indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.3% 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 -1.6% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 28%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Optical Radiation Instruments Exports

Exports in Eastern Europe

In 2022, shipments abroad of instruments using optical radiations decreased by -17.5% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 35%. Over the period under review, the exports hit record highs at X units in 2021, and then fell rapidly in the following year.

In value terms, optical radiation instruments exports rose modestly to $X in 2022. Over the period under review, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 42% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, Poland (X units), Hungary (X units) and the Czech Republic (X units) represented the main exporter of instruments using optical radiations in Eastern Europe, achieving 85% of total export. It was distantly followed by Lithuania (X units), making up a 7.5% share of total exports. Russia (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +43.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest optical radiation instruments supplying countries in Eastern Europe were Hungary ($X), Poland ($X) and the Czech Republic ($X), with a combined 72% share of total exports.

Hungary, with a CAGR of +41.6%, recorded the highest growth rate of the value of exports, among 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 Eastern Europe amounted to $X per unit, growing by 23% against the previous year. Export price indicated tangible growth from 2012 to 2022: its price 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, optical radiation instruments export price increased by +74.1% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+9.0%), while the other leaders experienced more modest paces of growth.

Optical Radiation Instruments Imports

Imports in Eastern Europe

After five years of growth, overseas purchases of instruments using optical radiations decreased by -12.2% to X units in 2022. In general, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. As a result, imports reached the peak of X units, and then reduced in the following year.

In value terms, optical radiation instruments imports reduced to $X in 2022. Overall, imports, however, enjoyed a notable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 20%. The level of import peaked at $X in 2021, and then dropped in the following year.

Imports by Country

Russia represented the major importing country with an import of around X units, which amounted to 46% of total imports. Poland (X units) ranks second in terms of the total imports with a 24% share, followed by the Czech Republic (7.2%) and Romania (5.5%). Ukraine (X units), Lithuania (X units) and Hungary (X units) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +15.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Poland ($X) and the Czech Republic ($X) were the countries with the highest levels of imports in 2022, together comprising 75% of total imports. Romania, Hungary, Lithuania and Ukraine lagged somewhat behind, together comprising a further 14%.

In terms of the main importing countries, Lithuania, with a CAGR of +11.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2022, picking up by 8.1% against the previous year. Over the period under review, the import price, however, continues to indicate a mild descent. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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