Brazil: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Brazil

The Brazilian ophthalmic instruments market surged to $X in 2021, rising by 43% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded mild growth. Ophthalmic instruments consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Ophthalmic Instruments Exports

Exports from Brazil

In 2021, overseas shipments of ophthalmic instruments and appliances decreased by -2.1% to X tons, falling for the second year in a row after three years of growth. Overall, exports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of 196%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, ophthalmic instruments exports declined slightly to $X in 2021. In general, exports, however, continue to indicate a pronounced expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 158%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Peru (X kg), the United States (X kg) and Saint Lucia (X kg) were the main destinations of ophthalmic instruments exports from Brazil, together accounting for 66% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of +91.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ophthalmic instruments exported from Brazil were the United States ($X), Peru ($X) and Saint Lucia ($X), together accounting for 67% of total exports.

In terms of the main countries of destination, Peru, with a CAGR of +96.7%, recorded 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, surging by 1.7% against the previous year. Over the period under review, the export price, however, saw a noticeable decline. The pace of growth was the most pronounced in 2014 when the average export price increased by 93%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Iraq ($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 Saint Lucia (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Ophthalmic Instruments Imports

Imports into Brazil

In 2021, ophthalmic instruments imports into Brazil skyrocketed to X tons, picking up by 46% compared with the year before. The total import volume increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, ophthalmic instruments imports soared to $X in 2021. In general, imports recorded a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of ophthalmic instruments to Brazil, with a 43% share of total imports. Moreover, ophthalmic instruments imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.0% per year) and Germany (-4.1% per year).

In value terms, the United States ($X) constituted the largest supplier of ophthalmic instruments and appliances to Brazil, comprising 49% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by Switzerland, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.6% per year) and Switzerland (-1.3% per year).

Import Prices by Country

The average ophthalmic instruments import price stood at $X per ton in 2021, with a decrease of -2.1% against the previous year. In general, the import price recorded a pronounced setback. The pace of growth was the most pronounced in 2020 an increase of 5.5%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat 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 ($X per ton), while the price for China ($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 (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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