X-Ray Generator Market

The article provides an in-depth analysis of the global x-ray generator market from 2012 to 2022, with forecasts up to 2030. It discusses trends in consumption, production, imports, and exports, highlighting key countries such as China, the United States, and India. The market is projected to see moderate growth in both volume and value terms, with fluctuations observed in certain years. Import and export prices and trends are also analyzed, showcasing the dynamics of the global x-ray generator market.

Market Forecast

Driven by increasing demand for x-ray generators worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.5% for the period from 2022 to 2030, which is projected to bring the market volume to 169K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.6% for the period from 2022 to 2030, which is projected to bring the market value to $26B (in nominal prices) by the end of 2030.

Consumption

World Consumption of X-Ray Generators

In 2022, the amount of x-ray generators consumed worldwide stood at 139K tons, approximately reflecting 2021 figures. Over the period under review, the total consumption indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +4.3% 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 -2.0% against 2020 indices. Global consumption peaked at 142K tons in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

The global x-ray generator market value amounted to $18.1B in 2022, remaining relatively unchanged 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). In general, consumption recorded strong growth. Over the period under review, the global market hit record highs at $18.3B in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (27K tons), India (15K tons) and the United States (14K tons), with a combined 40% share of global consumption. Japan, Germany, Mexico, Turkey, France, Spain, Democratic Republic of the Congo, the UK, Thailand and South Korea lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +14.4%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($5.6B) led the market, alone. The second position in the ranking was taken by China ($1.1B). It was followed by India.

In the United States, the x-ray generator market increased at an average annual rate of +7.7% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: China (+3.6% per year) and India (+5.9% per year).

The countries with the highest levels of x-ray generator per capita consumption in 2022 were Spain (88 kg per 1000 persons), Germany (80 kg per 1000 persons) and France (64 kg per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Spain (with a CAGR of +14.4%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of X-Ray Generators

In 2022, global x-ray generator production was estimated at 135K tons, approximately equating the year before. Overall, the total production indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.1% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 20%. Global production peaked at 136K tons in 2020; however, from 2021 to 2022, production remained at a lower figure.

In value terms, x-ray generator production totaled $16.5B in 2022 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.3% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 21%. Over the period under review, global production attained the peak level at $16.9B in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Production By Country

China (46K tons) constituted the country with the largest volume of x-ray generator production, comprising approx. 34% of total volume. Moreover, x-ray generator production in China exceeded the figures recorded by the second-largest producer, India (14K tons), threefold. The third position in this ranking was held by the United States (9.4K tons), with a 7% share.

From 2012 to 2022, the average annual growth rate of volume in China totaled +4.4%. The remaining producing countries recorded the following average annual rates of production growth: India (+5.4% per year) and the United States (-2.1% per year).

Imports

World Imports of X-Ray Generators

Global x-ray generator imports stood at 60K tons in 2022, with an increase of 6.6% on 2021 figures. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2018 when imports increased by 12%. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, x-ray generator imports declined modestly to $8.1B in 2022. The total import value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. As a result, imports attained the peak of $8.1B, leveling off in the following year.

Imports By Country

In 2022, Germany (9.2K tons), Japan (7K tons), France (6.6K tons) and the United States (6.4K tons) represented the main importer of x-ray generators in the world, constituting 48% of total import. China (4K tons) took a 6.6% share (based on physical terms) of total imports, which put it in second place, followed by the Netherlands (5.7%) and the UK (4.8%). India (2.6K tons), Spain (1.5K tons), Mexico (1.2K tons), Russia (1.2K tons) and South Korea (1K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by India (with a CAGR of +9.2%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest x-ray generator importing markets worldwide were the United States ($1.3B), China ($929M) and Germany ($745M), together comprising 37% of global imports. Japan, France, the Netherlands, India, the UK, South Korea, Mexico, Russia and Spain lagged somewhat behind, together accounting for a further 36%.

Among the main importing countries, India, with a CAGR of +9.0%, recorded 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

In 2022, the average x-ray generator import price amounted to $134,522 per ton, dropping by -6.7% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 5.5%. Over the period under review, average import prices hit record highs at $151,828 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($233,225 per ton), while Spain ($69,322 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+10.0%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of X-Ray Generators

In 2022, overseas shipments of x-ray generators increased by 5.9% to 56K tons, rising for the second year in a row after two years of decline. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 11% against the previous year. Over the period under review, the global exports reached the peak figure at 57K tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, x-ray generator exports dropped to $7.6B in 2022. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 8.8% against the previous year. The global exports peaked at $8.1B in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports By Country

China was the largest exporting country with an export of about 23K tons, which resulted at 42% of total exports. France (4.7K tons) held an 8.4% share (based on physical terms) of total exports, which put it in second place, followed by Germany (8.1%) and the Netherlands (7%). The UK (2.4K tons), Japan (1.8K tons), South Korea (1.6K tons), Spain (1.5K tons), India (1.5K tons), the United States (1.5K tons), Belgium (1.4K tons) and Italy (1.1K tons) held a relatively small share of total exports.

Exports from China increased at an average annual rate of +5.5% from 2012 to 2022. At the same time, Belgium (+11.9%), South Korea (+8.4%), India (+7.3%), Spain (+6.7%), the Netherlands (+3.3%) and Italy (+1.8%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the world, with a CAGR of +11.9% from 2012-2022. Japan and France experienced a relatively flat trend pattern. By contrast, Germany (-4.0%), the UK (-7.7%) and the United States (-14.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, the Netherlands, Belgium and South Korea increased by +17, +1.9, +1.7 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($1.3B), the United States ($1.1B) and China ($1B) were the countries with the highest levels of exports in 2022, with a combined 45% share of global exports. France, Japan, the Netherlands, South Korea, the UK, Belgium, Spain, India and Italy lagged somewhat behind, together comprising a further 37%.

South Korea, with a CAGR of +9.4%, 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

In 2022, the average x-ray generator export price amounted to $135,642 per ton, dropping by -7.6% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 6%. Over the period under review, the average export prices hit record highs at $151,553 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($730,770 per ton), while China ($44,103 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+14.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform