Global Optical Radiation Instruments Market 2025

Optical Radiation Instruments Market Size

After seven years of growth, the global optical radiation instruments market decreased by -8.3% to $X in 2022. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +59.1% against 2013 indices. Over the period under review, the global market hit record highs at $X in 2021, and then fell in the following year.

Optical Radiation Instruments Production

In value terms, optical radiation instruments production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year. Global production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Optical Radiation Instruments Exports

Exports

Global optical radiation instruments exports rose modestly to X units in 2022, surging by 2.4% compared with 2021 figures. Overall, total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by +0.1% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 22% against the previous year. The global exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, optical radiation instruments exports rose modestly to $X in 2022. Over the period under review, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.6% 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 +72.0% against 2014 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 13% against the previous year. The global exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

China (X units), Germany (X units) and Japan (X units) represented roughly 51% of total exports in 2022. Singapore (X units) held a 6.5% share (based on physical terms) of total exports, which put it in second place, followed by Switzerland (5.2%) and the Netherlands (4.5%). The UK (X units), Israel (X units), the United States (X units), Belgium (X units), France (X units), Hong Kong SAR (X units) and Ireland (X units) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by China (with a CAGR of +43.1%), while the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), Singapore ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2022, with a combined 55% share of global exports. Japan, the Netherlands, the UK, China, Switzerland, Israel, Hong Kong SAR, France, Belgium and Ireland lagged somewhat behind, together accounting for a further 35%.

In terms of the main exporting countries, Israel, with a CAGR of +34.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average optical radiation instruments export price amounted to $X per unit, with an increase of 1.8% against the previous year. In general, the export price continues to indicate a mild expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 25%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+20.5%), while the other global leaders experienced more modest paces of growth.

Optical Radiation Instruments Imports

Imports

After ten years of growth, supplies from abroad of instruments using optical radiations decreased by -1.2% to X units in 2022. Over the period under review, total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.0% against 2012 indices. The pace of growth was the most pronounced in 2014 with an increase of 11% against the previous year. Over the period under review, global imports reached the peak figure at X units in 2021, and then declined modestly in the following year.

In value terms, optical radiation instruments imports rose modestly to $X in 2022. Overall, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +91.9% against 2012 indices. The most prominent rate of growth was recorded in 2018 with an increase of 16%. Global imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

Germany (X units), China (X units) and the United States (X units) represented roughly 39% of total imports in 2022. The following importers - the Netherlands (X units), South Korea (X units), Russia (X units), the UK (X units), France (X units), Singapore (X units), Belgium (X units), Canada (X units), Taiwan (Chinese) (X units) and Italy (X units) - together made up 30% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Singapore (with a CAGR of +16.8%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2022, with a combined 44% share of global imports. The Netherlands, South Korea, Singapore, the UK, Canada, France, Taiwan (Chinese), Russia, Italy and Belgium lagged somewhat behind, together comprising a further 30%.

In terms of the main importing countries, Singapore, with a CAGR of +20.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global 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, increasing by 3.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2020 when the average import price increased by 8.4%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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 China ($X per unit), while Russia ($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 UK (+5.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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