Spain: Optical Radiation Instruments Market 2025

Optical Radiation Instruments Market Size in Spain

The Spanish optical radiation instruments market expanded remarkably to $X in 2022, rising by 5.8% against the previous year. Over the period under review, consumption saw a resilient increase. Optical radiation instruments consumption peaked in 2022 and is expected to retain growth in years to come.

Optical Radiation Instruments Production in Spain

In value terms, optical radiation instruments production totaled $X in 2022 estimated in export price. Overall, production, however, recorded a tangible increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by 130%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Optical Radiation Instruments Exports

Exports from Spain

In 2022, optical radiation instruments exports from Spain surged to X units, rising by 32% on the previous year. Over the period under review, total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.5% against 2020 indices. The growth pace was the most rapid in 2019 when exports increased by 40%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, optical radiation instruments exports surged to $X in 2022. Overall, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 33% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Saudi Arabia (X units) was the main destination for optical radiation instruments exports from Spain, accounting for a 28% share of total exports. Moreover, optical radiation instruments exports to Saudi Arabia exceeded the volume sent to the second major destination, China (X units), fourfold. The third position in this ranking was held by the United States (X units), with a 5.2% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia stood at +29.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+13.4% per year) and the United States (+8.6% per year).

In value terms, the largest markets for optical radiation instruments exported from Spain were the United States ($X), Saudi Arabia ($X) and China ($X), together accounting for 35% of total exports. Mexico, South Korea, Portugal, India, Italy, Russia, Thailand, Indonesia, Algeria and Nepal lagged somewhat behind, together accounting for a further 28%.

In terms of the main countries of destination, Nepal, with a CAGR of +79.6%, saw the highest rates of growth with regard to the value of exports, 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, declining by -6.6% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 23%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Saudi Arabia ($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 South Korea (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Optical Radiation Instruments Imports

Imports into Spain

In 2022, supplies from abroad of instruments using optical radiations increased by 20% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded resilient growth. The pace of growth was the most pronounced in 2017 with an increase of 72% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

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

Imports by Country

Germany (X units), the United States (X units) and China (X units) were the main suppliers of optical radiation instruments imports to Spain, with a combined 60% share of total imports. The Netherlands, Japan, Ireland, France, Italy, the UK, Switzerland and Belgium lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +34.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of instruments using optical radiations to Spain, comprising 31% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 15% share of total imports. It was followed by Germany, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+11.5% per year) and Germany (+7.0% per year).

Import Prices by Country

The average optical radiation instruments import price stood at $X per unit in 2022, surging by 7.1% against the previous year. Overall, the import price, however, recorded a pronounced contraction. The growth pace was the most rapid in 2020 an increase of 29%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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