Europe: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Europe

In 2021, the Europe ophthalmic instruments market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -34.7% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Ophthalmic Instruments Production in Europe

In value terms, ophthalmic instruments production rose remarkably to $X in 2021 estimated in export price. The total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +15.7% against 2017 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 30%. The level of production peaked in 2021 and is expected to retain growth in the immediate term.

Ophthalmic Instruments Exports

Exports in Europe

In 2021, ophthalmic instruments exports in Europe surged to X tons, with an increase of 27% against 2020. Total exports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +4.6% 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 +75.1% 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 soared to $X in 2021. The total export value increased at an average annual rate of +5.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium represented the largest exporting country with an export of about X tons, which reached 32% of total exports. The Netherlands (X tons) held a 17% share (based on physical terms) of total exports, which put it in second place, followed by Germany (16%), the UK (11%), France (8%), Switzerland (5.2%) and Italy (4.9%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the UK (with a CAGR of +15.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest ophthalmic instruments supplier in Europe, comprising 39% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 14% share of total exports. It was followed by Switzerland, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in Germany totaled +6.2%. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+6.5% per year) and Switzerland (+3.4% per year).

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, approximately mirroring the previous year. Overall, the export price continues to indicate modest growth. The most prominent rate of growth was recorded in 2015 an increase of 17% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the export prices remained at a somewhat lower figure.

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

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

Ophthalmic Instruments Imports

Imports in Europe

In 2021, the amount of ophthalmic instruments and appliances imported in Europe was estimated at X tons, with an increase of 13% on the previous year. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ophthalmic instruments imports rose rapidly to $X in 2021. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, France (X tons), the Netherlands (X tons), Belgium (X tons), Germany (X tons), Italy (X tons), the UK (X tons) and Spain (X tons) represented the largest importer of ophthalmic instruments and appliances in Europe, committing 76% of total import. Russia (X tons), Switzerland (X tons), Denmark (X tons), Poland (X tons), Portugal (X tons) and Sweden (X tons) followed a long way behind the leaders.

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 largest ophthalmic instruments importing markets in Europe were the Netherlands ($X), Germany ($X) and France ($X), with a combined 43% share of total imports.

The Netherlands, with a CAGR of +5.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2021, approximately mirroring the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 5.9% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per ton), while Denmark ($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