Chile: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Chile

In 2021, the Chilean ophthalmic instruments market increased by 52% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ophthalmic Instruments Exports

Exports from Chile

Ophthalmic instruments exports from Chile soared to X tons in 2021, jumping by 132% on the previous year. Overall, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by 279% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, ophthalmic instruments exports skyrocketed to $X in 2021. Over the period under review, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 442% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Bolivia (X kg) was the main destination for ophthalmic instruments exports from Chile, with a 77% share of total exports. Moreover, ophthalmic instruments exports to Bolivia exceeded the volume sent to the second major destination, the United States (X kg), eightfold. The third position in this ranking was taken by Peru (X kg), with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume to Bolivia stood at +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-8.7% per year) and Peru (+13.6% per year).

In value terms, Bolivia ($X) emerged as the key foreign market for ophthalmic instruments and appliances exports from Chile, comprising 77% of total exports. The second position in the ranking was held by the United States ($X), with a 12% share of total exports. It was followed by Peru, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bolivia stood at +23.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-2.3% per year) and Peru (+22.4% per year).

Export Prices by Country

In 2021, the average ophthalmic instruments export price amounted to $X per ton, rising by 40% against the previous year. In general, the export price posted strong growth. The growth pace was the most rapid in 2019 an increase of 83% against the previous year. The export price peaked in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Switzerland ($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 Ecuador (+41.6%), while the prices for the other major destinations experienced more modest paces of growth.

Ophthalmic Instruments Imports

Imports into Chile

In 2021, imports of ophthalmic instruments and appliances into Chile skyrocketed to X tons, jumping by 87% against the previous year. Over the period under review, imports recorded a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ophthalmic instruments imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest ophthalmic instruments supplier to Chile, with a 50% share of total imports. Moreover, ophthalmic instruments imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +66.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.6% per year) and Germany (-1.6% per year).

In value terms, the United States ($X) constituted the largest supplier of ophthalmic instruments and appliances to Chile, comprising 41% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by China, 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 +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.3% per year) and China (+25.4% per year).

Import Prices by Country

The average ophthalmic instruments import price stood at $X per ton in 2021, with a decrease of -24.4% against the previous year. Over the period under review, the import price showed a drastic downturn. The pace of growth was the most pronounced in 2020 when the average import price increased by 6.6% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: 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 Switzerland (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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