South-Eastern Asia: Optical Radiation Instruments Market 2025

Optical Radiation Instruments Market Size in South-Eastern Asia

The Southeast Asian optical radiation instruments market skyrocketed to $X in 2022, growing by 177% against the previous year. Overall, consumption posted strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Optical Radiation Instruments Production in South-Eastern Asia

In value terms, optical radiation instruments production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 44% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Optical Radiation Instruments Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of instruments using optical radiations decreased by -34.8% to X units, falling for the second consecutive year after nine years of growth. Overall, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 83%. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, optical radiation instruments exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore prevails in exports structure, recording X units, which was approx. 90% of total exports in 2022. It was distantly followed by Malaysia (X units), making up a 6.1% share of total exports. Thailand (X units) followed a long way behind the leaders.

Exports from Singapore increased at an average annual rate of +9.7% from 2012 to 2022. At the same time, Thailand (+31.0%) and Malaysia (+12.5%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +31.0% from 2012-2022. While the share of Thailand (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (-2.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest optical radiation instruments supplier in South-Eastern Asia, comprising 95% of total exports. The second position in the ranking was held by Malaysia ($X), with a 3.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore stood at +19.0%. In the other countries, the average annual rates were as follows: Malaysia (+13.4% per year) and Thailand (+22.0% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, increasing by 121% against the previous year. Over the period under review, the export price recorded a resilient increase. 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 Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+8.5%), while the other leaders experienced mixed trends in the export price figures.

Optical Radiation Instruments Imports

Imports in South-Eastern Asia

In 2022, optical radiation instruments imports in South-Eastern Asia surged to X units, rising by 21% against the previous year. Overall, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 30%. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, optical radiation instruments imports surged to $X in 2022. In general, imports showed a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Singapore represented the major importing country with an import of around X units, which recorded 45% of total imports. It was distantly followed by Thailand (X units), Indonesia (X units), Vietnam (X units) and Malaysia (X units), together creating a 52% share of total imports. The Philippines (X units) followed a long way behind the leaders.

Imports into Singapore increased at an average annual rate of +16.8% from 2012 to 2022. At the same time, Vietnam (+21.6%), the Philippines (+19.2%), Thailand (+18.5%), Indonesia (+12.1%) and Malaysia (+6.4%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +21.6% from 2012-2022. While the share of Vietnam (+5.1 p.p.), Thailand (+3.6 p.p.) and Singapore (+3.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (-6.1 p.p.) and Indonesia (-6.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported instruments using optical radiations in South-Eastern Asia, comprising 65% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 9.8% share of total imports. It was followed by Thailand, with an 8.9% share.

In Singapore, optical radiation instruments imports increased at an average annual rate of +20.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (+15.4% per year) and Thailand (+9.2% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, growing by 12% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Singapore ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+10.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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