Israel: Optical Radiation Instruments Market 2025

Optical Radiation Instruments Market Size in Israel

The Israeli optical radiation instruments market rose sharply to $X in 2022, growing by 10% against the previous year. Overall, consumption posted a resilient increase. Optical radiation instruments consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Optical Radiation Instruments Production in Israel

In value terms, optical radiation instruments production totaled $X in 2022 estimated in export price. Over the period under review, production, however, recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 78% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Optical Radiation Instruments Exports

Exports from Israel

In 2022, overseas shipments of instruments using optical radiations decreased by -2.6% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 90%. Over the period under review, the exports reached the peak figure at X units in 2021, and then declined slightly in the following year.

In value terms, optical radiation instruments exports expanded slightly to $X in 2022. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 100% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

China (X units), Taiwan (Chinese) (X units) and South Korea (X units) were the main destinations of optical radiation instruments exports from Israel, together comprising 70% of total exports. The United States, Japan, Germany, Hong Kong SAR, Luxembourg and Ireland lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Luxembourg (with a CAGR of +252.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for optical radiation instruments exported from Israel were China ($X), Taiwan (Chinese) ($X) and South Korea ($X), with a combined 70% share of total exports. The United States, Japan, Germany, Hong Kong SAR, Luxembourg and Ireland lagged somewhat behind, together accounting for a further 23%.

Luxembourg, with a CAGR of +272.4%, saw the highest growth rate of 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 optical radiation instruments export price stood at $X per unit in 2022, rising by 7% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 15%. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per unit) and Taiwan (Chinese) ($X per unit), while the average price for exports to Luxembourg ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (+5.5%), while the prices for the other major destinations experienced a decline.

Optical Radiation Instruments Imports

Imports into Israel

After two years of decline, purchases abroad of instruments using optical radiations increased by 41% to X units in 2022. Over the period under review, total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, optical radiation instruments imports surged to $X in 2022. Overall, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X units) constituted the largest optical radiation instruments supplier to Israel, with a 35% share of total imports. Moreover, optical radiation instruments imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. Japan (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.1% per year) and Japan (+45.8% per year).

In value terms, the United States ($X) constituted the largest supplier of instruments using optical radiations to Israel, comprising 35% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Japan, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.5% per year) and Japan (+47.8% per year).

Import Prices by Country

The average optical radiation instruments import price stood at $X per unit in 2022, with a decrease of -3.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2020 an increase of 10% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2021, and then shrank modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per unit) and the Czech Republic ($X per unit), while the price for China ($X per unit) and Ireland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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