Australia: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Australia

The Australian ophthalmic instruments market fell to $X in 2021, reducing by -10.5% against the previous year. In general, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.5% 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 +13.9% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Ophthalmic Instruments Production in Australia

In value terms, ophthalmic instruments production dropped to $X in 2021 estimated in export price. Overall, production, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 731% against the previous year. Ophthalmic instruments production peaked at $X in 2020, and then fell in the following year.

Ophthalmic Instruments Exports

Exports from Australia

In 2021, the amount of ophthalmic instruments and appliances exported from Australia surged to X tons, with an increase of 35% compared with 2020 figures. Overall, total exports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, ophthalmic instruments exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), New Zealand (X tons) and Japan (X tons) were the main destinations of ophthalmic instruments exports from Australia, together comprising 54% of total exports. These countries were followed by China, Thailand, France, Canada, Germany, Russia, the Netherlands, Switzerland and the UK, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +31.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ophthalmic instruments exported from Australia were the United States ($X), Japan ($X) and New Zealand ($X), together accounting for 52% of total exports. These countries were followed by China, Thailand, France, Canada, Germany, Russia, the Netherlands, Switzerland and the UK, which together accounted for a further 32%.

Among the main countries of destination, Thailand, with a CAGR of +30.7%, saw the highest growth rate of 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

In 2021, the average ophthalmic instruments export price amounted to $X per ton, dropping by -2.8% against the previous year. Overall, the export price 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 reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2021, the countries with the highest prices were the UK ($X per ton) and Switzerland ($X per ton), while the average price for exports to New Zealand ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ophthalmic Instruments Imports

Imports into Australia

In 2021, after five years of decline, there was significant growth in supplies from abroad of ophthalmic instruments and appliances, when their volume increased by 19% to X tons. Overall, imports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 19% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, ophthalmic instruments imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat 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, the United States (X tons) constituted the largest ophthalmic instruments supplier to Australia, with a 41% share of total imports. Moreover, ophthalmic instruments imports from the United States exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at -14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-1.0% per year) and Germany (-0.2% per year).

In value terms, the United States ($X) constituted the largest supplier of ophthalmic instruments and appliances to Australia, comprising 41% of total imports. The second position in the ranking was taken by Japan ($X), with a 13% share of total imports. It was followed by Germany, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+2.9% per year) and Germany (+2.1% per year).

Import Prices by Country

In 2021, the average ophthalmic instruments import price amounted to $X per ton, leveling off at the previous year. Overall, the import price saw a prominent expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 119% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Italy ($X per ton) and the UK ($X per ton), while the price for Germany ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+24.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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