India: Spectrometers And Spectrophotometers Market 2025

Spectrometers And Spectrophotometers Market Size in India

For the fourth consecutive year, the Indian spectrometers and spectrophotometers market recorded decline in sales value, which decreased by X% to $X in 2022. Overall, consumption continues to indicate a abrupt setback. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Spectrometers And Spectrophotometers Production in India

In value terms, spectrometers and spectrophotometers production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable decline. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Spectrometers And Spectrophotometers Exports

Exports from India

In 2022, overseas shipments of spectrometers and spectrophotometers increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports recorded a significant increase. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, spectrometers and spectrophotometers exports surged to $X in 2022. In general, exports posted mild growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), Nigeria (X units) and the United Arab Emirates (X units) were the main destinations of spectrometers and spectrophotometers exports from India, with a combined X% share of total exports. Maldives, Iraq, Ukraine, Yemen, the Philippines, Nepal, Bangladesh, Kenya, Japan and Egypt lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Maldives (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spectrometers and spectrophotometers exported from India were Nepal ($X), Nigeria ($X) and the United Arab Emirates ($X), with a combined X% share of total exports. The United States, Bangladesh, Iraq, the Philippines, Maldives, Japan, Egypt, Kenya, Yemen and Ukraine lagged somewhat behind, together accounting for a further X%.

Maldives, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average spectrometers and spectrophotometers export price stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price showed a deep contraction. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Nepal ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (X%), while the prices for the other major destinations experienced a decline.

Spectrometers And Spectrophotometers Imports

Imports into India

For the fourth year in a row, India recorded growth in overseas purchases of spectrometers and spectrophotometers, which increased by X% to X units in 2022. Over the period under review, imports showed prominent growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, spectrometers and spectrophotometers imports soared to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of spectrometers and spectrophotometers to India, with a X% share of total imports. Moreover, spectrometers and spectrophotometers imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. Germany (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Germany (X% per year).

In value terms, the largest spectrometers and spectrophotometers suppliers to India were Singapore ($X), Germany ($X) and the United States ($X), together comprising X% of total imports.

Singapore, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average spectrometers and spectrophotometers import price amounted to $X per unit, waning by X% against the previous year. In general, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for Hong Kong SAR ($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 (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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