China: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in China

After two years of growth, the Chinese ophthalmic instruments market decreased by -8.1% to $X in 2021. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020, and then declined in the following year.

Ophthalmic Instruments Production in China

In value terms, ophthalmic instruments production contracted slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the production volume increased by 46%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Ophthalmic Instruments Exports

Exports from China

In 2021, ophthalmic instruments exports from China surged to X tons, increasing by 81% compared with 2020. Over the period under review, total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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. In general, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for ophthalmic instruments exports from China, accounting for a 22% share of total exports. Moreover, ophthalmic instruments exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), threefold. The third position in this ranking was held by India (X tons), with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+11.2% per year) and India (+11.7% per year).

In value terms, the United States ($X), the UK ($X) and France ($X) were the largest markets for ophthalmic instruments exported from China worldwide, with a combined 40% share of total exports. These countries were followed by Japan, India, Brazil, Mexico, Chile, Panama, Russia, Colombia, Peru and South Africa, which together accounted for a further 28%.

Among the main countries of destination, Chile, with a CAGR of +22.7%, saw the highest rates of growth with regard to 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, declining by -10.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2014 when the average export price increased by 34%. Over the period under review, the average export prices reached the maximum 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 for the major external markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to Panama ($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 (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Ophthalmic Instruments Imports

Imports into China

In 2021, approx. X tons of ophthalmic instruments and appliances were imported into China; surging by 32% against 2020 figures. In general, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 when imports increased by 67% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

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

Imports by Country

The United States (X tons), Germany (X tons) and Japan (X tons) were the main suppliers of ophthalmic instruments imports to China, together comprising 81% of total imports. These countries were followed by Switzerland, Mexico, Singapore and Vietnam, which together accounted for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +378.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of ophthalmic instruments and appliances to China, comprising 49% of total imports. The second position in the ranking was held by the United States ($X), with a 21% share of total imports. It was followed by Japan, with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +23.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+11.1% per year) and Japan (+8.4% per year).

Import Prices by Country

In 2021, the average ophthalmic instruments import price amounted to $X per ton, rising by 7.9% against the previous year. Overall, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ophthalmic instruments import price increased by +98.6% against 2016 indices. The growth pace was the most rapid in 2017 when the average import price increased by 44%. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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