EU: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in the EU

The EU ophthalmic instruments market reached $X in 2021, with an increase of 3.8% against the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Ophthalmic Instruments Production in the EU

In value terms, ophthalmic instruments production skyrocketed to $X in 2021 estimated in export price. The total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +28.9% against 2017 indices. The growth pace was the most rapid in 2017 when the production volume increased by 22% against the previous year. The level of production peaked in 2021 and is likely to continue growth in the near future.

Ophthalmic Instruments Exports

Exports in the EU

For the sixth consecutive year, the European Union recorded growth in shipments abroad of ophthalmic instruments and appliances, which increased by 26% to X tons in 2021. Total exports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +82.1% against 2015 indices. 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. Total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +62.4% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium represented the major exporter of ophthalmic instruments and appliances in the European Union, with the volume of exports recording X tons, which was near 38% of total exports in 2021. The Netherlands (X tons) held a 20% share (based on physical terms) of total exports, which put it in second place, followed by Germany (19%), France (9.5%) and Italy (5.8%). Denmark (X tons) and Spain (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Netherlands (with a CAGR of +8.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest ophthalmic instruments supplier in the European Union, comprising 49% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 17% share of total exports. It was followed by Belgium, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany amounted to +6.2%. In the other countries, the average annual rates were as follows: the Netherlands (+6.5% per year) and Belgium (+5.3% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, flattening at the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2015 an increase of 22% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+6.2%), while the other leaders experienced more modest paces of growth.

Ophthalmic Instruments Imports

Imports in the EU

In 2021, approx. X tons of ophthalmic instruments and appliances were imported in the European Union; with an increase of 13% against the previous year's figure. The total import volume increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 13%. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, ophthalmic instruments imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the six major importers of ophthalmic instruments and appliances, namely France, the Netherlands, Belgium, Germany, Italy and Spain, represented more than two-thirds of total import. The following importers - Denmark (X tons), Poland (X tons), Portugal (X tons), Sweden (X tons) and Austria (X tons) - together made up 13% of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +8.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and France ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 54% of total imports.

In terms of the main importing countries, the Netherlands, with a CAGR of +5.2%, recorded 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

In 2021, the import price in the European Union amounted to $X per ton, approximately mirroring the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 8.4%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+7.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :