Benelux: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Benelux

In 2021, the Benelux ophthalmic instruments market decreased by -3.6% to $X, falling for the fourth year in a row after three years of growth. Over the period under review, consumption, however, recorded a perceptible decrease. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Ophthalmic Instruments Production in Benelux

In value terms, ophthalmic instruments production fell sharply to $X in 2021 estimated in export price. Over the period under review, production saw a slight increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 120%. The level of production peaked at $X in 2020, and then contracted remarkably in the following year.

Ophthalmic Instruments Exports

Exports in Benelux

In 2021, ophthalmic instruments exports in Benelux soared to X tons, increasing by 30% compared with the previous year. Overall, exports showed a pronounced expansion. The pace of growth appeared the most rapid in 2020 with an increase of 86% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, ophthalmic instruments exports expanded markedly to $X in 2021. In general, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 45%. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Exports by Country

Belgium represented the key exporting country with an export of around X tons, which reached 66% of total exports. It was distantly followed by the Netherlands (X tons), generating a 34% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +8.3%).

In value terms, the largest ophthalmic instruments supplying countries in Benelux were the Netherlands ($X) and Belgium ($X).

The Netherlands, with a CAGR of +6.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2021, shrinking by -17.2% against the previous year. Export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ophthalmic instruments export price decreased by -35.2% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the export price increased by 39% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+2.7%).

Ophthalmic Instruments Imports

Imports in Benelux

In 2021, overseas purchases of ophthalmic instruments and appliances increased by 12% to X tons, rising for the second consecutive year after two years of decline. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 33% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, ophthalmic instruments imports stood at $X in 2021. Total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +68.7% against 2015 indices. The pace of growth was the most pronounced in 2017 with an increase of 30% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

The Netherlands (X tons) and Belgium (X tons) represented roughly 100% of total imports in 2021.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +5.9%).

In value terms, the largest ophthalmic instruments importing markets in Benelux were the Netherlands ($X) and Belgium ($X).

The Netherlands, with a CAGR of +5.2%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2021, with a decrease of -7.9% against the previous year. Import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ophthalmic instruments import price decreased by -12.8% against 2019 indices. The pace of growth was the most pronounced in 2014 when the import price increased by 31%. The level of import 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 importing countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+7.7%).

Source: IndexBox Platform