Thailand: Optical Radiation Instruments Market 2025

Optical Radiation Instruments Market Size in Thailand

The Thai optical radiation instruments market surged to $X in 2022, with an increase of 17% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed prominent growth. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in years to come.

Optical Radiation Instruments Exports

Exports from Thailand

In 2022, shipments abroad of instruments using optical radiations increased by 71% to X units, rising for the third consecutive year after three years of decline. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by 355% 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.

In value terms, optical radiation instruments exports surged to $X in 2022. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 242% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X units) was the main destination for optical radiation instruments exports from Thailand, accounting for a 62% share of total exports. Moreover, optical radiation instruments exports to the United States exceeded the volume sent to the second major destination, Indonesia (X units), sevenfold. Japan (X units) ranked third in terms of total exports with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +46.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+48.3% per year) and Japan (+29.0% per year).

In value terms, the United States ($X) remains the key foreign market for instruments using optical radiations exports from Thailand, comprising 50% of total exports. The second position in the ranking was taken by Japan ($X), with a 10% share of total exports. It was followed by Malaysia, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +33.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+22.8% per year) and Malaysia (+34.7% per year).

Export Prices by Country

In 2022, the average optical radiation instruments export price amounted to $X per unit, declining by -24% against the previous year. In general, the export price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2017 an increase of 104% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 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 Singapore ($X per unit), while the average price for exports to Indonesia ($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 Singapore (+19.2%), while the prices for the other major destinations experienced mixed trend patterns.

Optical Radiation Instruments Imports

Imports into Thailand

In 2022, the amount of instruments using optical radiations imported into Thailand soared to X units, with an increase of 37% against the previous year. In general, imports saw a strong expansion. The growth pace was the most rapid in 2015 when imports increased by 68% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, optical radiation instruments imports stood at $X in 2022. Over the period under review, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2016 when imports increased by 37% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Japan (X units) constituted the largest optical radiation instruments supplier to Thailand, accounting for a 64% share of total imports. Moreover, optical radiation instruments imports from Japan exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Germany (X units) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume from Japan totaled +22.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+60.1% per year) and Germany (+11.5% per year).

In value terms, Japan ($X), the United States ($X) and Singapore ($X) constituted the largest optical radiation instruments suppliers to Thailand, together comprising 69% of total imports. Switzerland, China, South Korea, Germany and the UK lagged somewhat behind, together accounting for a further 24%.

Among the main suppliers, South Korea, with a CAGR of +55.7%, recorded 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, falling by -18.3% against the previous year. Overall, the import price continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2019 when the average import price increased by 30% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for China ($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 (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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