Belgium: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Belgium

In 2021, the Belgian ophthalmic instruments market was finally on the rise to reach $X after two years of decline. Overall, consumption recorded a buoyant increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Ophthalmic Instruments Production in Belgium

In value terms, ophthalmic instruments production shrank dramatically to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by 515% against the previous year. As a result, production reached the peak level of $X, and then fell sharply in the following year.

Ophthalmic Instruments Exports

Exports from Belgium

In 2021, approx. X tons of ophthalmic instruments and appliances were exported from Belgium; with an increase of 26% on the previous year. Over the period under review, exports posted a temperate increase. The pace of growth appeared the most rapid in 2020 with an increase of 199%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, ophthalmic instruments exports rose to $X in 2021. In general, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 205%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Spain (X tons) and Italy (X tons) were the main destinations of ophthalmic instruments exports from Belgium, together comprising 40% of total exports. These countries were followed by Denmark, the UK, Poland, the Netherlands and France, which together accounted for a further 42%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +7.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the Netherlands ($X) constituted the largest markets for ophthalmic instruments exported from Belgium worldwide, with a combined 26% share of total exports. Italy, the UK, Spain, Denmark and Poland lagged somewhat behind, together comprising a further 26%.

Poland, with a CAGR of +4.1%, saw the highest growth rate of the value of exports, among the main countries of destination 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, reducing by -17.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2019 when the average export price increased by 25%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then declined markedly in the following year.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to Denmark ($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 (+13.9%), while the prices for the other major destinations experienced a decline.

Ophthalmic Instruments Imports

Imports into Belgium

In 2021, ophthalmic instruments imports into Belgium shrank to X tons, with a decrease of -9.9% against 2020. Over the period under review, imports saw a perceptible curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 62% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, ophthalmic instruments imports contracted to $X in 2021. In general, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +33.3% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 43% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2021, the United States (X tons) constituted the largest ophthalmic instruments supplier to Belgium, accounting for a 74% share of total imports. Moreover, ophthalmic instruments imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. Switzerland (X tons) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.8% per year) and Switzerland (+29.2% per year).

In value terms, the largest ophthalmic instruments suppliers to Belgium were the United States ($X), Switzerland ($X) and Germany ($X), with a combined 82% share of total imports.

Switzerland, with a CAGR of +26.8%, recorded 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

In 2021, the average ophthalmic instruments import price amounted to $X per ton, increasing by 3.1% against the previous year. Over the period under review, the import price continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2014 an increase of 39%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a 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 ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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