Denmark: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Denmark

The Danish ophthalmic instruments market contracted rapidly to $X in 2021, declining by -65% 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 showed a deep contraction. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Ophthalmic Instruments Exports

Exports from Denmark

Ophthalmic instruments exports from Denmark rose rapidly to X tons in 2021, picking up by 9.9% against the year before. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 11%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, ophthalmic instruments exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a noticeable contraction. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden (X tons), Finland (X tons) and Norway (X tons) were the main destinations of ophthalmic instruments exports from Denmark, with a combined 99% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +4.4%), while the other leaders experienced a decline.

In value terms, the largest markets for ophthalmic instruments exported from Denmark were Sweden ($X), Finland ($X) and Norway ($X), together accounting for 89% of total exports.

Sweden, with a CAGR of -3.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average ophthalmic instruments export price stood at $X per ton in 2021, jumping by 22% against the previous year. Over the period under review, the export price, however, recorded a noticeable curtailment. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was Sweden ($X per ton), while the average price for exports to Finland ($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 Sweden (-2.1%), while the prices for the other major destinations experienced a decline.

Ophthalmic Instruments Imports

Imports into Denmark

In 2021, purchases abroad of ophthalmic instruments and appliances decreased by -20.3% to X tons, falling for the fifth consecutive year after two years of growth. Over the period under review, imports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2016 with an increase of 27% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, ophthalmic instruments imports shrank notably to $X in 2021. In general, imports recorded a noticeable contraction. The pace of growth was the most pronounced in 2019 when imports increased by 8.4% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of ophthalmic instruments to Denmark, accounting for a 89% share of total imports. Moreover, ophthalmic instruments imports from Belgium exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold. The third position in this ranking was held by Germany (X tons), with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium amounted to -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-4.2% per year) and Germany (-9.6% per year).

In value terms, Belgium ($X) constituted the largest supplier of ophthalmic instruments and appliances to Denmark, comprising 53% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports. It was followed by France, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value from Belgium was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-8.2% per year) and France (-0.3% per year).

Import Prices by Country

In 2021, the average ophthalmic instruments import price amounted to $X per ton, picking up by 5.9% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 20%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :