Report Update Nov 1, 2024

Azerbaijan - Ophthalmic Instruments and Appliances - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Azerbaijan

In 2021, after two years of growth, there was significant decline in the Azerbaijani ophthalmic instruments market, when its value decreased by -13.9% to $X. In general, consumption recorded a pronounced setback. Ophthalmic instruments consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Ophthalmic Instruments Exports

Exports from Azerbaijan

In 2021, shipments abroad of ophthalmic instruments and appliances increased by 1,700% to X kg for the first time since 2017, thus ending a three-year declining trend. Overall, exports saw buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ophthalmic instruments exports surged to $X in 2021. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X kg) was the main destination for ophthalmic instruments exports from Azerbaijan, accounting for a 83% share of total exports. Moreover, ophthalmic instruments exports to Germany exceeded the volume sent to the second major destination, France (X kg), eightfold.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (0.0% per year) and the United States (0.0% per year).

In value terms, Germany ($X) remains the key foreign market for ophthalmic instruments and appliances exports from Azerbaijan, comprising 75% of total exports. The second position in the ranking was taken by France ($X), with a 9.8% share of total exports. It was followed by the United States, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +52.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+6.2% per year) and the United States (0.0% per year).

Export Prices by Country

In 2021, the average ophthalmic instruments export price amounted to $X per ton, surging by 2.9% against the previous year. In general, the export price recorded a buoyant increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 82% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Georgia ($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 France (+6.6%), while the prices for the other major destinations experienced a decline.

Ophthalmic Instruments Imports

Imports into Azerbaijan

In 2021, overseas purchases of ophthalmic instruments and appliances decreased by -6.7% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports continue to indicate a slight downturn. The pace of growth was the most pronounced in 2017 when imports increased by 301%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, ophthalmic instruments imports shrank notably to $X in 2021. In general, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 302% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), South Korea (X tons) and China (X tons) were the main suppliers of ophthalmic instruments imports to Azerbaijan, with a combined 47% share of total imports. These countries were followed by Japan, Turkey, Spain and the United Arab Emirates, which together accounted for a further 28%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +48.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of ophthalmic instruments and appliances to Azerbaijan, comprising 30% of total imports. The second position in the ranking was taken by Japan ($X), with an 8% share of total imports. It was followed by Turkey, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +36.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-10.4% per year) and Turkey (+32.1% per year).

Import Prices by Country

In 2021, the average ophthalmic instruments import price amounted to $X per ton, reducing by -28.5% against the previous year. In general, the import price continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2018 when the average import price increased by 30% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ophthalmic instruments and appliances in the world?

The countries with the highest volumes of ophthalmic instruments consumption in 2020 were China, the United States and India, together comprising 54% of global consumption. Russia, Japan, Germany, the UK, Spain, Mexico, South Korea and Italy lagged somewhat behind, together accounting for a further 24%.

What are the largest producers of ophthalmic instruments and appliances in the world?

The countries with the highest volumes of ophthalmic instruments production in 2020 were the United States, China and India, together comprising 69% of global production. Japan, Russia, Belgium, Mexico, Germany, the UK and South Korea lagged somewhat behind, together accounting for a further 20%.

What are the leading suppliers of ophthalmic instruments and appliances to Azerbaijan?

In value terms, Germany, the United States and Japan were the largest ophthalmic instruments suppliers to Azerbaijan, together accounting for 74% of total imports. These countries were followed by Spain, South Korea, China and Poland, which together accounted for a further 8%.

What are the leading importers of ophthalmic instruments and appliances from Azerbaijan?

In value terms, Germany $220) remains the key foreign market for ophthalmic instruments exports from Azerbaijan.

What is the average export price for ophthalmic instruments and appliances in Azerbaijan?

In 2020, the average ophthalmic instruments export price amounted to $228,000 per ton, surging by 95% against the previous year.

What is the average import price for ophthalmic instruments and appliances in Azerbaijan?

In 2020, the average ophthalmic instruments import price amounted to $258,190 per ton, surging by 3.7% against the previous year.

This report provides an in-depth analysis of the ophthalmic instruments market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32501320 - Ophthalmic instruments and appliances

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023