Report Update Nov 1, 2024

Cuba - Ophthalmic Instruments and Appliances - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Cuba

The Cuban ophthalmic instruments market dropped notably to $X in 2021, with a decrease of -29.4% 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 showed a sharp reduction. Ophthalmic instruments consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Ophthalmic Instruments Exports

Exports from Cuba

In 2021, shipments abroad of ophthalmic instruments and appliances increased by 112% to X kg, rising for the sixth year in a row after three years of decline. In general, exports posted a strong increase. 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. Over the period under review, exports, however, continue to indicate a perceptible decrease. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Venezuela (X kg) was the main destination for ophthalmic instruments exports from Cuba, with a 98% share of total exports. It was followed by Nigeria (X kg), with a 1.6% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Venezuela amounted to +8.6%.

In value terms, Venezuela ($X) remains the key foreign market for ophthalmic instruments and appliances exports from Cuba, comprising 100% of total exports. The second position in the ranking was held by Nigeria ($X), with a 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Venezuela amounted to -3.6%.

Export Prices by Country

The average ophthalmic instruments export price stood at $X per ton in 2021, which is down by -33.5% against the previous year. Overall, the export price continues to indicate a deep contraction. The growth pace was the most rapid in 2016 a decrease of -3.2% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Venezuela ($X per ton), while the average price for exports to Nigeria amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (-11.2%).

Ophthalmic Instruments Imports

Imports into Cuba

Ophthalmic instruments imports into Cuba contracted remarkably to X kg in 2021, waning by -24.4% on 2020 figures. Over the period under review, imports recorded a precipitous descent. The growth pace was the most rapid in 2018 with an increase of 72% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, ophthalmic instruments imports shrank significantly to $X in 2021. In general, imports faced a abrupt decrease. The growth pace was the most rapid in 2018 with an increase of 96% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

Switzerland (X kg), Italy (X kg) and Spain (X kg) were the main suppliers of ophthalmic instruments imports to Cuba, together comprising 81% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +28.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Switzerland ($X) constituted the largest supplier of ophthalmic instruments and appliances to Cuba, comprising 67% of total imports. The second position in the ranking was taken by Italy ($X), with a 21% share of total imports. It was followed by Spain, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value from Switzerland totaled +29.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-21.7% per year) and Spain (-14.0% per year).

Import Prices by Country

In 2021, the average ophthalmic instruments import price amounted to $X per ton, surging by 3.3% against the previous year. Overall, import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +7.7% 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 +24.9% against 2017 indices. The pace of growth appeared the most rapid in 2014 an increase of 22%. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Switzerland ($X per ton), while the price for South Korea ($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 (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ophthalmic instruments and appliances in the world?

The countries with the highest volumes of ophthalmic instruments consumption in 2020 were China, the United States and India, with a combined 54% share of global consumption. These countries were followed by Russia, Japan, Germany, the UK, Spain, Mexico, South Korea and Italy, which together accounted for a further 24%.

What are the largest producers of ophthalmic instruments and appliances in the world?

The countries with the highest volumes of ophthalmic instruments production in 2020 were the United States, China and India, together comprising 69% of global production. Japan, Russia, Belgium, Mexico, Germany, the UK and South Korea lagged somewhat behind, together comprising a further 20%.

What are the leading suppliers of ophthalmic instruments and appliances to Cuba?

In value terms, Italy constituted the largest supplier of ophthalmic instruments to Cuba, comprising 53% of total imports. The second position in the ranking was occupied by Switzerland, with a 17% share of total imports. It was followed by Spain, with a 12% share.

What are the leading importers of ophthalmic instruments and appliances from Cuba?

In value terms, Germany remains the key foreign market for ophthalmic instruments exports from Cuba.

What is the average export price for ophthalmic instruments and appliances in Cuba?

In 2020, the average ophthalmic instruments export price amounted to $863,645 per ton, surging by 9.7% against the previous year.

What is the average import price for ophthalmic instruments and appliances in Cuba?

In 2020, the average ophthalmic instruments import price amounted to $172,903 per ton, with a decrease of -3.4% against the previous year.

This report provides an in-depth analysis of the ophthalmic instruments market in Cuba. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32501320 - Ophthalmic instruments and appliances

Country coverage:

Cuba

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023