CIS: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in CIS

The CIS ophthalmic instruments market rose slightly to $X in 2021, surging by 2.8% against the previous year. The total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +92.0% against 2015 indices. The level of consumption peaked in 2021 and is likely to see gradual growth in the near future.

Ophthalmic Instruments Production in CIS

In value terms, ophthalmic instruments production declined to $X in 2021 estimated in export price. In general, production, however, showed buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 44% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then declined in the following year.

Ophthalmic Instruments Exports

Exports in CIS

In 2021, shipments abroad of ophthalmic instruments and appliances decreased by -24.6% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2017 when exports increased by 109%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, ophthalmic instruments exports rose slightly to $X in 2021. In general, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 73%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Russia was the major exporter of ophthalmic instruments and appliances in the CIS, with the volume of exports amounting to X tons, which was approx. 65% of total exports in 2021. It was distantly followed by Belarus (X tons), constituting a 31% share of total exports. Kyrgyzstan (X kg) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to ophthalmic instruments exports from Russia stood at +3.2%. At the same time, Belarus (+63.2%) and Kyrgyzstan (+22.1%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +63.2% from 2012-2021. Belarus (+30 p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by -30.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest ophthalmic instruments supplier in the CIS, comprising 92% of total exports. The second position in the ranking was held by Belarus ($X), with a 5.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Russia stood at +6.2%. In the other countries, the average annual rates were as follows: Belarus (+55.3% per year) and Kyrgyzstan (+19.9% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, surging by 39% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Russia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+3.0%), while the other leaders experienced a decline in the export price figures.

Ophthalmic Instruments Imports

Imports in CIS

Ophthalmic instruments imports rose remarkably to X tons in 2021, increasing by 13% compared with 2020. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 27%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, ophthalmic instruments imports skyrocketed to $X in 2021. Total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.7% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 37% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Russia prevails in imports structure, resulting at X tons, which was approx. 81% of total imports in 2021. Kazakhstan (X tons) held a 5.2% share (based on physical terms) of total imports, which put it in second place, followed by Uzbekistan (4.8%). The following importers - Belarus (X tons), Azerbaijan (X tons) and Armenia (X tons) - together made up 7.3% of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of ophthalmic instruments and appliances. At the same time, Uzbekistan (+23.9%), Belarus (+5.0%) and Armenia (+2.1%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +23.9% from 2012-2021. By contrast, Azerbaijan (-1.2%) and Kazakhstan (-3.8%) illustrated a downward trend over the same period. While the share of Uzbekistan (+4.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Kazakhstan (-2.4 p.p.) and Russia (-4.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported ophthalmic instruments and appliances in the CIS, comprising 81% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 5.5% share of total imports. It was followed by Belarus, with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia stood at +3.4%. In the other countries, the average annual rates were as follows: Kazakhstan (-2.2% per year) and Belarus (+5.7% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, surging by 4.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2013 when the import price increased by 15% against the previous year. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Belarus ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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