Ireland: Optical Radiation Instruments Market 2025

Optical Radiation Instruments Market Size in Ireland

The Irish optical radiation instruments market surged to $X in 2022, increasing by 20% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Optical Radiation Instruments Production in Ireland

In value terms, optical radiation instruments production rose remarkably to $X in 2022 estimated in export price. In general, production, however, saw a significant expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by 261%. Optical radiation instruments production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Optical Radiation Instruments Exports

Exports from Ireland

In 2022, overseas shipments of instruments using optical radiations decreased by -4.3% to X units for the first time since 2015, thus ending a six-year rising trend. In general, exports, however, posted a significant expansion. The growth pace was the most rapid in 2019 with an increase of 1,533%. Over the period under review, the exports attained the maximum at X units in 2021, and then declined slightly in the following year.

In value terms, optical radiation instruments exports declined rapidly to $X in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 528% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell significantly in the following year.

Exports by Country

Belgium (X units) was the main destination for optical radiation instruments exports from Ireland, accounting for a 66% share of total exports. Moreover, optical radiation instruments exports to Belgium exceeded the volume sent to the second major destination, China (X units), sevenfold. The third position in this ranking was held by the United States (X units), with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium totaled +121.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+42.0% per year) and the United States (+39.3% per year).

In value terms, Belgium ($X) emerged as the key foreign market for instruments using optical radiations exports from Ireland, comprising 54% of total exports. The second position in the ranking was held by China ($X), with a 14% share of total exports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Belgium amounted to +118.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+16.2% per year) and the United States (+24.4% per year).

Export Prices by Country

In 2022, the average optical radiation instruments export price amounted to $X per unit, declining by -22.1% against the previous year. Overall, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 54%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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 the UK ($X per unit), while the average price for exports to India ($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 the UK (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

Optical Radiation Instruments Imports

Imports into Ireland

In 2022, after two years of growth, there was significant decline in overseas purchases of instruments using optical radiations, when their volume decreased by -15% to X units. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 52% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then dropped remarkably in the following year.

In value terms, optical radiation instruments imports surged to $X in 2022. In general, imports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2021 when imports increased by 58%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of optical radiation instruments to Ireland, with a 39% share of total imports. Moreover, optical radiation instruments imports from the United States exceeded the figures recorded by the second-largest supplier, the UK (X units), twofold. Japan (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+4.1% per year) and Japan (-13.1% per year).

In value terms, the United States ($X), Israel ($X) and Germany ($X) appeared to be the largest optical radiation instruments suppliers to Ireland, with a combined 60% share of total imports.

Among the main suppliers, Israel, with a CAGR of +83.2%, 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 average optical radiation instruments import price stood at $X per unit in 2022, jumping by 55% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +10.0% 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 import price increased by +72.1% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Israel ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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