Germany: Optical Radiation Instruments Market 2024

Optical Radiation Instruments Market Size in Germany

The German optical radiation instruments market rose to $X in 2023, growing by X% against the previous year. Overall, consumption continues to indicate a strong expansion. Optical radiation instruments consumption peaked in 2023 and is expected to retain growth in years to come.

Optical Radiation Instruments Production in Germany

In value terms, optical radiation instruments production shrank to $X in 2023 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2023, production growth remained at a lower figure.

Optical Radiation Instruments Exports

Exports from Germany

In 2023, overseas shipments of instruments using optical radiations decreased by X% to X units, falling for the second consecutive year after six years of growth. Over the period under review, exports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The exports peaked at X units in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, optical radiation instruments exports expanded to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Italy (X units), China (X units) and France (X units) were the main destinations of optical radiation instruments exports from Germany, together comprising X% of total exports. The United States, Spain, the UK, Belgium, Brazil, Poland, Saudi Arabia, Mexico, Turkey and India lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and the UK ($X) constituted the largest markets for optical radiation instruments exported from Germany worldwide, together comprising X% of total exports. France, Italy, Spain, Belgium, Poland, Saudi Arabia, Brazil, Turkey, India and Mexico lagged somewhat behind, together accounting for a further X%.

Saudi Arabia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average optical radiation instruments export price amounted to $X per unit, rising by X% against the previous year. In general, the export price, however, recorded a abrupt decline. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Mexico ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

Optical Radiation Instruments Imports

Imports into Germany

In 2023, supplies from abroad of instruments using optical radiations decreased by X% to X units, falling for the second year in a row after ten years of growth. Overall, imports recorded a pronounced setback. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, optical radiation instruments imports dropped to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Japan (X units) constituted the largest supplier of optical radiation instruments to Germany, accounting for a X% share of total imports. Moreover, optical radiation instruments imports from Japan exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. Switzerland (X units) ranked third in terms of total imports with a X% share.

From 2020 to 2023, the average annual rate of growth in terms of volume from Japan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Switzerland (X% per year).

In value terms, the largest optical radiation instruments suppliers to Germany were Japan ($X), the United States ($X) and Switzerland ($X), with a combined X% share of total imports.

Among the main suppliers, the United States, with a CAGR of X%, 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 2023, remaining constant against the previous year. Over the period from 2020 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2020 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform