Chromatograph Market

The article provides a detailed analysis of the global market for chromatographs and electrophoresis instruments, forecasting growth in both volume and value terms. Consumption, production, imports, and exports data are examined, revealing trends in key countries such as Canada, Singapore, and Australia. From 2022 to 2030, the market is expected to see a CAGR of +0.5% in volume, reaching 1.9M units, and +5.1% in value, reaching $14.9B. The article highlights fluctuations in consumption and production rates, as well as insights into import and export trends in the industry.

Market Forecast

Driven by increasing demand for chromatographs and electrophoresis instruments worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.5% for the period from 2022 to 2030, which is projected to bring the market volume to 1.9M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.1% for the period from 2022 to 2030, which is projected to bring the market value to $14.9B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Chromatographs And Electrophoresis Instruments

In 2022, the amount of chromatographs and electrophoresis instruments consumed worldwide soared to 1.8M units, with an increase of 15% on 2021. Over the period under review, consumption showed moderate growth. As a result, consumption attained the peak volume of 2.1M units. From 2021 to 2022, the growth of the global consumption failed to regain momentum.

The global chromatograph market value surged to $10B in 2022, rising by 16% 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). Overall, the total consumption indicated a strong expansion 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 decreased by -16.2% against 2020 indices. As a result, consumption reached the peak level of $11.9B. From 2021 to 2022, the growth of the global market failed to regain momentum.

Consumption By Country

The country with the largest volume of chromatograph consumption was Canada (979K units), accounting for 54% of total volume. Moreover, chromatograph consumption in Canada exceeded the figures recorded by the second-largest consumer, Singapore (314K units), threefold. Australia (141K units) ranked third in terms of total consumption with a 7.7% share.

In Canada, chromatograph consumption expanded at an average annual rate of +24.9% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: Singapore (-1.7% per year) and Australia (-1.6% per year).

In value terms, Canada ($4B), China ($2.3B) and Singapore ($1.2B) constituted the countries with the highest levels of market value in 2022, together comprising 75% of the global market.

In terms of the main consuming countries, Canada, with a CAGR of +14.8%, recorded the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of chromatograph per capita consumption was registered in Singapore (54 units per 1000 persons), followed by Canada (25 units per 1000 persons), Australia (5.4 units per 1000 persons) and Germany (1.3 units per 1000 persons), while the world average per capita consumption of chromatograph was estimated at less than 0.1 units per 1000 persons.

In Singapore, chromatograph per capita consumption plunged by an average annual rate of -2.6% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Canada (+23.4% per year) and Australia (-3.0% per year).

Production

World Production of Chromatographs And Electrophoresis Instruments

In 2022, approx. 1.9M units of chromatographs and electrophoresis instruments were produced worldwide; growing by 19% compared with the previous year. Over the period under review, production saw prominent growth. The pace of growth was the most pronounced in 2020 when the production volume increased by 115%. As a result, production attained the peak volume of 2.2M units. From 2021 to 2022, global production growth remained at a somewhat lower figure.

In value terms, chromatograph production surged to $12.7B in 2022 estimated in export price. Overall, production posted a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 325%. As a result, production attained the peak level of $15.6B. From 2021 to 2022, global production growth failed to regain momentum.

Production By Country

The country with the largest volume of chromatograph production was Canada (868K units), accounting for 46% of total volume. Moreover, chromatograph production in Canada exceeded the figures recorded by the second-largest producer, Singapore (419K units), twofold. The third position in this ranking was held by Australia (196K units), with a 10% share.

In Canada, chromatograph production declined by an average annual rate of -13.4% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Singapore (+0.7% per year) and Australia (+1.2% per year).

Imports

World Imports of Chromatographs And Electrophoresis Instruments

In 2022, the amount of chromatographs and electrophoresis instruments imported worldwide expanded markedly to 569K units, increasing by 5.6% against the previous year's figure. In general, imports, however, saw a slight reduction. The most prominent rate of growth was recorded in 2021 with an increase of 21%. Global imports peaked at 690K units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, chromatograph imports rose slightly to $4.2B in 2022. Overall, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +22.4% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 21%. Over the period under review, global imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports By Country

The United States (137K units) and Canada (128K units) represented the key importers of chromatographs and electrophoresis instruments in 2022, recording approx. 24% and 22% of total imports, respectively. Singapore (52K units) ranks next in terms of the total imports with a 9.2% share, followed by China (7.1%) and Hong Kong SAR (5.1%). The following importers - India (26K units), Germany (16K units), South Africa (12K units), South Korea (10K units), Switzerland (9.3K units) and Thailand (9.1K units) - together made up 14% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +9.0%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, China ($1.5B) constitutes the largest market for imported chromatographs and electrophoresis instruments worldwide, comprising 36% of global imports. The second position in the ranking was taken by Hong Kong SAR ($466M), with an 11% share of global imports. It was followed by the United States, with a 7.1% share.

In China, chromatograph imports expanded at an average annual rate of +8.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (+6.5% per year) and the United States (+1.1% per year).

Import Prices By Country

In 2022, the average chromatograph import price amounted to $7,312 per unit, reducing by -2.1% against the previous year. Overall, import price indicated strong growth from 2012 to 2022: its price 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. The growth pace was the most rapid in 2014 an increase of 23% against the previous year. Global import price peaked at $7,690 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($37,142 per unit), while Canada ($343 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+15.1%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Chromatographs And Electrophoresis Instruments

In 2022, the amount of chromatographs and electrophoresis instruments exported worldwide skyrocketed to 653K units, picking up by 17% against the year before. Over the period under review, total exports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.6% 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 +37.4% against 2020 indices. The growth pace was the most rapid in 2018 when exports increased by 26% against the previous year. Over the period under review, the global exports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, chromatograph exports reached $3.2B in 2022. The total export value increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. Over the period under review, the global exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports By Country

In 2022, the United States (226K units) and Singapore (158K units) were the largest exporters of chromatographs and electrophoresis instrumentsaround the world, together resulting at near 59% of total exports. Australia (62K units) ranks next in terms of the total exports with a 9.5% share, followed by China (6.6%). Sweden (27K units), Germany (23K units), Hong Kong SAR (18K units), Canada (17K units), France (14K units) and Switzerland (12K units) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Canada (with a CAGR of +27.4%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest chromatograph supplying countries worldwide were Hong Kong SAR ($710M), the United States ($502M) and Singapore ($460M), together accounting for 52% of global exports. Sweden, Germany, China, France, Switzerland, Canada and Australia lagged somewhat behind, together accounting for a further 33%.

Sweden, with a CAGR of +11.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average chromatograph export price stood at $4,966 per unit in 2022, reducing by -10.4% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 18%. The global export price peaked at $6,475 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($39,010 per unit), while Australia ($45 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+12.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform