X-Ray Tube Market

The x-ray tube market is projected to see a decrease in consumption over the next eight years, with a forecasted CAGR of -0.2%. In 2022, consumption rose by 36% to 600K units. The Netherlands leads in consumption volume. Production, imports, and exports are also analyzed, with China and the United States being major players. Consuming countries with the highest per capita consumption include the Netherlands and Ireland. Import and export prices show fluctuations over the years, with Germany having the highest export price and Russia the lowest.

Market Forecast

The x-ray tube market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -0.2% for the eight-year period from 2022 to 2030, which is projected to depress the market volume to 589K units by the end of 2030.

In value terms, the market is forecast to contract with an anticipated CAGR of +5.3% for the period from 2022 to 2030, which is projected to bring the market value to $3.1B (in nominal prices) by the end of 2030.

Consumption

World Consumption of X-Ray Tubes

In 2022, the amount of x-ray tubes consumed worldwide surged to 600K units, increasing by 36% on the previous year's figure. Over the period under review, the total consumption indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +3.7% 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 +75.3% against 2019 indices. As a result, consumption attained the peak volume of 662K units. From 2014 to 2022, the growth of the global consumption failed to regain momentum.

The global x-ray tube market value contracted to $2B in 2022, waning by -10.5% 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 saw a relatively flat trend pattern. Over the period under review, the global market attained the peak level at $2.3B in 2021, and then fell in the following year.

Consumption By Country

The Netherlands (193K units) constituted the country with the largest volume of x-ray tube consumption, comprising approx. 32% of total volume. Moreover, x-ray tube consumption in the Netherlands exceeded the figures recorded by the second-largest consumer, India (85K units), twofold. The third position in this ranking was taken by Germany (55K units), with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume in the Netherlands amounted to +7.2%. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+5.2% per year) and Germany (+4.9% per year).

In value terms, the largest x-ray tube markets worldwide were Ireland ($367M), Germany ($237M) and the Netherlands ($189M), with a combined 39% share of the global market. The United States, France, the UK, India, Brazil, Russia, Italy and Finland lagged somewhat behind, together accounting for a further 24%.

In terms of the main consuming countries, the UK, with a CAGR of +11.6%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of x-ray tube per capita consumption in 2022 were the Netherlands (11 units per 1000 persons), Ireland (9.6 units per 1000 persons) and Finland (5.6 units 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 the UK (with a CAGR of +17.2%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of X-Ray Tubes

In 2022, approx. 303K units of x-ray tubes were produced worldwide; growing by 3.9% on 2021. In general, production recorded a relatively flat trend pattern. As a result, production reached the peak volume and is likely to continue growth in the immediate term.

In value terms, x-ray tube production rose notably to $2.2B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 12%. Over the period under review, global production attained the peak level in 2022 and is likely to see gradual growth in the immediate term.

Production By Country

The countries with the highest volumes of production in 2022 were Ireland (63K units), Germany (55K units) and the United States (48K units), with a combined 55% share of global production. China, Russia, Italy and the Netherlands lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Italy (with a CAGR of +2.0%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of X-Ray Tubes

For the third consecutive year, the global market recorded growth in supplies from abroad of x-ray tubes, which increased by 50% to 655K units in 2022. In general, imports continue to indicate resilient growth. The growth pace was the most rapid in 2013 when imports increased by 67% against the previous year. Over the period under review, global imports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, x-ray tube imports expanded to $2.5B in 2022. The total import value increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 19%. Global imports peaked in 2022 and are likely to see steady growth in the near future.

Imports By Country

In 2022, the Netherlands (200K units) was the major importer of x-ray tubes, mixing up 31% of total imports. India (101K units) held the second position in the ranking, followed by China (70K units), the UK (40K units), Germany (38K units), the United States (35K units) and Finland (31K units). All these countries together took approx. 48% share of total imports. The following importers - Italy (21K units), Brazil (16K units), Japan (12K units) and France (10K units) - together made up 9.1% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the UK (with a CAGR of +17.9%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, China ($747M) constitutes the largest market for imported x-ray tubes worldwide, comprising 30% of global imports. The second position in the ranking was held by the United States ($351M), with a 14% share of global imports. It was followed by Japan, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +12.2%. The remaining importing countries recorded the following average annual rates of imports growth: the United States (+1.8% per year) and Japan (-1.5% per year).

Import Prices By Country

In 2022, the average x-ray tube import price amounted to $3,812 per unit, waning by -30.1% against the previous year. In general, the import price saw a mild reduction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 63% against the previous year. Over the period under review, average import prices attained the maximum at $6,137 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($16,795 per unit), while Finland ($261 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+2.4%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of X-Ray Tubes

In 2022, global x-ray tube exports soared to 358K units, picking up by 25% against 2021 figures. The total export volume increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, x-ray tube exports reached $2.2B in 2022. The total export value increased at an average annual rate of +1.8% 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 when exports increased by 21% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports By Country

In 2022, China (108K units), distantly followed by the United States (69K units), Germany (38K units), Italy (26K units), Russia (18K units), the Netherlands (16K units) and India (16K units) represented the main exporters of x-ray tubes, together constituting 82% of total exports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +7.5%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($643M), Germany ($476M) and the Netherlands ($192M) constituted the countries with the highest levels of exports in 2022, with a combined 60% share of global exports. India, China, Italy and Russia lagged somewhat behind, together accounting for a further 14%.

China, with a CAGR of +17.8%, recorded the highest rates of growth with regard to the value of exports, among 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 tube export price amounted to $6,058 per unit, dropping by -18.6% against the previous year. Over the period under review, the export price continues to indicate a slight descent. The most prominent rate of growth was recorded in 2015 an increase of 8.7%. Over the period under review, the average export prices reached the peak figure at $7,442 per unit in 2021, and then fell dramatically in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($12,474 per unit), while Russia ($495 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform