Croatia: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Croatia

The Croatian ophthalmic instruments market expanded sharply to $X in 2021, picking up by 8.2% 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). Overall, consumption continues to indicate a remarkable increase. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Ophthalmic Instruments Exports

Exports from Croatia

In 2021, the amount of ophthalmic instruments and appliances exported from Croatia surged to X tons, with an increase of 340% on the year before. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 368%. The exports peaked at X tons in 2015; afterwards, it flattened through to 2021.

In value terms, ophthalmic instruments exports soared to $X in 2021. Overall, exports showed significant growth. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bosnia and Herzegovina (X tons), Iran (X tons) and France (X kg) were the main destinations of ophthalmic instruments exports from Croatia, with a combined 92% share of total exports. These countries were followed by Slovenia and North Macedonia, which together accounted for a further 5.8%.

From 2012 to 2021, the biggest increases were recorded for Slovenia (with a CAGR of +72.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for ophthalmic instruments and appliances exports from Croatia, comprising 47% of total exports. The second position in the ranking was held by Iran ($X), with a 19% share of total exports. It was followed by Slovenia, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Bosnia and Herzegovina amounted to +23.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (0.0% per year) and Slovenia (+87.9% per year).

Export Prices by Country

The average ophthalmic instruments export price stood at $X per ton in 2021, approximately mirroring the previous year. Overall, the export price, however, enjoyed noticeable growth. The pace of growth was the most pronounced in 2018 when the average export price increased by 76%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Iran ($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 Slovenia (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Ophthalmic Instruments Imports

Imports into Croatia

In 2021, supplies from abroad of ophthalmic instruments and appliances was finally on the rise to reach X tons after two years of decline. Overall, imports recorded prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 69% 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 stood at $X in 2021. Over the period under review, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by 129% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

France (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of ophthalmic instruments imports to Croatia, with a combined 69% share of total imports. These countries were followed by Belgium, the Netherlands, Slovenia, South Korea, Japan, Hungary and Switzerland, which together accounted for a further 26%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +64.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and France ($X) were the largest ophthalmic instruments suppliers to Croatia, with a combined 64% share of total imports. Slovenia, the Netherlands, Belgium, Japan, Hungary, Switzerland and South Korea lagged somewhat behind, together comprising a further 29%.

In terms of the main suppliers, Hungary, with a CAGR of +96.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ophthalmic instruments import price stood at $X per ton in 2021, reducing by -23% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 77%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+24.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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