Finland: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Finland

The Finnish ophthalmic instruments market skyrocketed to $X in 2021, rising by 19% against the previous year. Overall, consumption posted a noticeable increase. Ophthalmic instruments consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Ophthalmic Instruments Production in Finland

In value terms, ophthalmic instruments production fell to $X in 2021 estimated in export price. In general, production, however, posted buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of 252% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Ophthalmic Instruments Exports

Exports from Finland

Ophthalmic instruments exports from Finland surged to X tons in 2021, with an increase of 46% compared with the year before. Over the period under review, exports, however, continue to indicate a mild reduction. The pace of growth was the most pronounced in 2014 with an increase of 72%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, ophthalmic instruments exports surged to $X in 2021. Overall, exports, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 90%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X tons), the United States (X kg) and Switzerland (X kg) were the main destinations of ophthalmic instruments exports from Finland, together accounting for 46% of total exports. These countries were followed by the UK, Saudi Arabia, Thailand, El Salvador, China, India, Cambodia, the Dominican Republic, Norway and South Korea, which together accounted for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cambodia (with a CAGR of +77.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Russia ($X) and China ($X) appeared to be the largest markets for ophthalmic instruments exported from Finland worldwide, together accounting for 42% of total exports. These countries were followed by Switzerland, Thailand, the UK, Saudi Arabia, El Salvador, India, South Korea, the Dominican Republic, Norway and Cambodia, which together accounted for a further 34%.

Norway, with a CAGR of +87.7%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average ophthalmic instruments export price amounted to $X per ton, reducing by -11.9% against the previous year. Overall, the export price saw a mild shrinkage. The growth pace was the most rapid in 2015 an increase of 14% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Cambodia ($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 China (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ophthalmic Instruments Imports

Imports into Finland

In 2021, approx. X tons of ophthalmic instruments and appliances were imported into Finland; increasing by 20% on 2020 figures. Overall, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 323% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, ophthalmic instruments imports skyrocketed to $X in 2021. In general, imports, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 95% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Denmark (X tons) constituted the largest supplier of ophthalmic instruments to Finland, accounting for a 65% share of total imports. Moreover, ophthalmic instruments imports from Denmark exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sevenfold. The Netherlands (X tons) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume from Denmark amounted to +24.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+111.6% per year) and the Netherlands (+78.9% per year).

In value terms, Denmark ($X), Belgium ($X) and Sweden ($X) appeared to be the largest ophthalmic instruments suppliers to Finland, together accounting for 57% of total imports.

Among the main suppliers, Belgium, with a CAGR of +102.8%, 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, growing by 8.9% against the previous year. Overall, the import price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the average import price increased by 86% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 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 ($X per ton), while the price for Lithuania ($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 (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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