Australia and Oceania: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Australia and Oceania

The ophthalmic instruments market in Australia and Oceania shrank to $X in 2021, waning by -8.9% against the previous year. The total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% 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 +13.6% against 2019 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Ophthalmic Instruments Production in Australia and Oceania

In value terms, ophthalmic instruments production shrank to $X in 2021 estimated in export price. Overall, production, however, showed a significant increase. The growth pace was the most rapid in 2013 when the production volume increased by 29,704% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then shrank in the following year.

Ophthalmic Instruments Exports

Exports in Australia and Oceania

In 2021, approx. X tons of ophthalmic instruments and appliances were exported in Australia and Oceania; jumping by 39% on the previous year. Total exports indicated a temperate increase 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. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, ophthalmic instruments exports surged to $X in 2021. The total export value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia dominates exports structure, amounting to X tons, which was approx. 94% of total exports in 2021. It was distantly followed by New Zealand (X tons), achieving a 5.8% share of total exports.

Australia was also the fastest-growing in terms of the ophthalmic instruments and appliances exports, with a CAGR of +3.1% from 2012 to 2021. New Zealand (-1.1%) illustrated a downward trend over the same period. Australia (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -2.5% from 2012 to 2021, respectively.

In value terms, Australia ($X) remains the largest ophthalmic instruments supplier in Australia and Oceania, comprising 94% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 6.1% share of total exports.

In Australia, ophthalmic instruments exports increased at an average annual rate of +3.0% over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, with a decrease of -2.4% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 43%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+5.5%).

Ophthalmic Instruments Imports

Imports in Australia and Oceania

In 2021, after five years of decline, there was significant growth in overseas purchases of ophthalmic instruments and appliances, when their volume increased by 23% to X tons. Overall, imports, however, saw a drastic downturn. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, ophthalmic instruments imports surged to $X in 2021. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed 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, Australia (X tons) represented the key importer of ophthalmic instruments and appliances, making up 81% of total imports. It was distantly followed by New Zealand (X tons), comprising a 15% share of total imports. French Polynesia (X tons) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to ophthalmic instruments imports into Australia stood at -9.0%. At the same time, French Polynesia (+25.0%) displayed positive paces of growth. Moreover, French Polynesia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +25.0% from 2012-2021. By contrast, New Zealand (-6.2%) illustrated a downward trend over the same period. While the share of New Zealand (+2.5 p.p.) and French Polynesia (+2.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Australia (-6.7 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported ophthalmic instruments and appliances in Australia and Oceania, comprising 83% of total imports. The second position in the ranking was held by New Zealand ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia totaled +1.8%. In the other countries, the average annual rates were as follows: New Zealand (-0.9% per year) and French Polynesia (+21.7% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, remaining constant against the previous year. Overall, the import price, however, showed a buoyant increase. The pace of growth was the most pronounced in 2018 an increase of 99%. Over the period under review, import prices hit record highs at $X per ton in 2020, and then fell in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was New Zealand ($X per ton), while French Polynesia ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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