Argentina: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Argentina

The Argentinian ophthalmic instruments market dropped slightly to $X in 2021, waning by -2.4% 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 tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +53.4% against 2019 indices. Ophthalmic instruments consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Ophthalmic Instruments Exports

Exports from Argentina

In 2021, approx. X kg of ophthalmic instruments and appliances were exported from Argentina; surging by 180% compared with 2020 figures. Over the period under review, exports, however, saw a abrupt descent. The pace of growth was the most pronounced in 2014 with an increase of 192%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, ophthalmic instruments exports soared to $X in 2021. In general, exports, however, saw a deep contraction. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Paraguay (X kg) was the main destination for ophthalmic instruments exports from Argentina, with a 53% share of total exports. Moreover, ophthalmic instruments exports to Paraguay exceeded the volume sent to the second major destination, Brazil (X kg), threefold. The third position in this ranking was taken by the United States (X kg), with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume to Paraguay totaled +38.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+14.6% per year) and the United States (-28.1% per year).

In value terms, Paraguay ($X) remains the key foreign market for ophthalmic instruments and appliances exports from Argentina, comprising 55% of total exports. The second position in the ranking was held by the United States ($X), with a 9.4% share of total exports. It was followed by the UK, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Paraguay stood at +21.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-26.1% per year) and the UK (+14.1% per year).

Export Prices by Country

In 2021, the average ophthalmic instruments export price amounted to $X per ton, with an increase of 44% against the previous year. Overall, the export price, however, continues to indicate a perceptible slump. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.9%), while the prices for the other major destinations experienced a decline.

Ophthalmic Instruments Imports

Imports into Argentina

Ophthalmic instruments imports into Argentina contracted to X tons in 2021, which is down by -5.3% on the previous year. Over the period under review, total imports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +36.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 44% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, ophthalmic instruments imports declined slightly to $X in 2021. Overall, total imports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +55.3% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 58%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons), China (X tons) and Japan (X tons) were the main suppliers of ophthalmic instruments imports to Argentina, together accounting for 54% of total imports. Germany, South Korea, Singapore, Poland, Italy, Switzerland, France and the Netherlands lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +45.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Japan ($X) constituted the largest ophthalmic instruments suppliers to Argentina, with a combined 41% share of total imports. These countries were followed by South Korea, China, Switzerland, Italy, France, Singapore, the Netherlands and Poland, which together accounted for a further 31%.

Poland, with a CAGR of +41.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ophthalmic instruments import price stood at $X per ton in 2021, picking up by 3.7% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 11%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Switzerland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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