Asia-Pacific: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Asia-Pacific

After nine years of growth, the Asia-Pacific ophthalmic instruments market decreased by -5.8% to $X in 2021. The total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +75.6% against 2012 indices. Over the period under review, the market hit record highs at $X in 2020, and then declined in the following year.

Ophthalmic Instruments Production in Asia-Pacific

In value terms, ophthalmic instruments production shrank to $X in 2021 estimated in export price. The total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +97.0% against 2012 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 20%. Over the period under review, production reached the peak level at $X in 2020, and then dropped in the following year.

Ophthalmic Instruments Exports

Exports in Asia-Pacific

Ophthalmic instruments exports skyrocketed to X tons in 2021, growing by 48% on 2020 figures. The total export volume increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ophthalmic instruments exports soared to $X in 2021. Total exports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the key exporting country with an export of around X tons, which finished at 48% of total exports. Japan (X tons) took the second position in the ranking, distantly followed by South Korea (X tons) and Singapore (X tons). All these countries together took approx. 40% share of total exports. Hong Kong SAR (X tons), Malaysia (X tons) and Australia (X tons) took a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to ophthalmic instruments exports from China stood at +5.4%. At the same time, Singapore (+29.0%), South Korea (+3.2%), Australia (+3.1%) and Japan (+1.3%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +29.0% from 2012-2021. Hong Kong SAR experienced a relatively flat trend pattern. By contrast, Malaysia (-3.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Singapore and China increased by +7.1 and +3.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), Singapore ($X) and China ($X) were the countries with the highest levels of exports in 2021, with a combined 65% share of total exports.

Among the main exporting countries, Singapore, with a CAGR of +30.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, waning by -17.2% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 9.1% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2020, and then shrank sharply in the following year.

Prices varied noticeably country of origin: the country with the highest price was Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+3.5%), while the other leaders experienced more modest paces of growth.

Ophthalmic Instruments Imports

Imports in Asia-Pacific

In 2021, the amount of ophthalmic instruments and appliances imported in Asia-Pacific soared to X tons, with an increase of 19% against 2020. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, ophthalmic instruments imports skyrocketed to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons), distantly followed by Japan (X tons), Malaysia (X tons), India (X tons) and Australia (X tons) were the key importers of ophthalmic instruments and appliances, together achieving 77% of total imports. The following importers - Hong Kong SAR (X tons), Singapore (X tons), Taiwan (Chinese) (X tons), Indonesia (X tons), Thailand (X tons) and South Korea (X tons) - together made up 18% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +12.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported ophthalmic instruments and appliances in Asia-Pacific, comprising 51% of total imports. The second position in the ranking was held by Japan ($X), with a 15% share of total imports. It was followed by India, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +17.6%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-0.7% per year) and India (+0.7% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, increasing by 8.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.8%. The most prominent rate of growth was recorded in 2017 an increase of 14% against the previous year. Over the period under review, import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+11.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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