Germany: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Germany

After three years of growth, the German ophthalmic instruments market decreased by -33.1% to $X in 2021. Overall, consumption, however, showed noticeable growth. Ophthalmic instruments consumption peaked at $X in 2020, and then fell remarkably in the following year.

Ophthalmic Instruments Production in Germany

In value terms, ophthalmic instruments production soared to $X in 2021 estimated in export price. Overall, production saw resilient growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Ophthalmic Instruments Exports

Exports from Germany

In 2021, the amount of ophthalmic instruments and appliances exported from Germany soared to X tons, increasing by 31% compared with 2020 figures. The total export volume increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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. Over the period under review, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons), the United States (X tons) and France (X tons) were the main destinations of ophthalmic instruments exports from Germany, with a combined 39% share of total exports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +19.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for ophthalmic instruments and appliances exports from Germany, comprising 41% of total exports. The second position in the ranking was held by the United States ($X), with an 11% share of total exports. It was followed by France, with a 3.9% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to +28.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+2.2% per year) and France (+6.1% per year).

Export Prices by Country

The average ophthalmic instruments export price stood at $X per ton in 2021, picking up by 6.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2020 when the average export price increased by 11%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Switzerland ($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 (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Ophthalmic Instruments Imports

Imports into Germany

In 2021, the amount of ophthalmic instruments and appliances imported into Germany stood at X tons, surging by 5.4% compared with the year before. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 29% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, ophthalmic instruments imports skyrocketed to $X in 2021. Overall, imports saw a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Belgium (X tons), the United States (X tons) and the Netherlands (X tons) were the main suppliers of ophthalmic instruments imports to Germany, with a combined 56% share of total imports. These countries were followed by Switzerland, France, Japan, China, Israel, South Korea, Austria, Italy, the UK and Belarus, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +11.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ophthalmic instruments suppliers to Germany were the United States ($X), Austria ($X) and the Netherlands ($X), with a combined 37% share of total imports. Switzerland, Japan, France, Israel, Belgium, Italy, South Korea, the UK, China and Belarus lagged somewhat behind, together comprising a further 52%.

South Korea, with a CAGR of +15.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average ophthalmic instruments import price amounted to $X per ton, picking up by 14% against the previous year. In general, the import price, however, saw a noticeable reduction. The growth pace was the most rapid in 2013 an increase of 16% against the previous year. 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.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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