Report Update Nov 1, 2024

Ghana - Ophthalmic Instruments and Appliances - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Ghana

In 2021, the Ghanian ophthalmic instruments market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption saw a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ophthalmic Instruments Exports

Exports from Ghana

In 2021, the amount of ophthalmic instruments and appliances exported from Ghana reduced sharply to X kg, declining by -50% compared with 2020 figures. In general, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 4,700% against the previous year. The exports peaked at X kg in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, ophthalmic instruments exports shrank significantly to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 7,473% against the previous year. As a result, the exports attained the peak of $X, and then shrank significantly in the following year.

Exports by Country

Nigeria (X kg) was the main destination for ophthalmic instruments exports from Ghana, accounting for a 83% share of total exports. Moreover, ophthalmic instruments exports to Nigeria exceeded the volume sent to the second major destination, South Africa (X kg), sevenfold.

From 2012 to 2021, the average annual growth rate of volume to Nigeria totaled +53.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (-32.8% per year) and Canada (0.0% per year).

In value terms, the largest markets for ophthalmic instruments exported from Ghana were Canada ($X), Nigeria ($X) and South Africa ($X), with a combined 99% share of total exports.

In terms of the main countries of destination, Canada, with a CAGR of +277.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average ophthalmic instruments export price stood at $X per kg in 2021, remaining stable against the previous year. In general, the export price saw a strong expansion. The pace of growth was the most pronounced in 2018 an increase of 407%. As a result, the export price attained the peak level of $X per kg. From 2019 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 Canada ($X per kg), while the average price for exports to South Africa ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+327.1%), while the prices for the other major destinations experienced more modest paces of growth.

Ophthalmic Instruments Imports

Imports into Ghana

In 2021, supplies from abroad of ophthalmic instruments and appliances was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports enjoyed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ophthalmic instruments imports surged to $X in 2021. In general, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 229% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest ophthalmic instruments supplier to Ghana, accounting for a 46% share of total imports. Moreover, ophthalmic instruments imports from China exceeded the figures recorded by the second-largest supplier, India (X kg), fivefold. Japan (X kg) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +31.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+16.7% per year) and Japan (+18.1% per year).

In value terms, India ($X) constituted the largest supplier of ophthalmic instruments and appliances to Ghana, comprising 28% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from India stood at +27.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+19.8% per year) and China (+30.2% per year).

Import Prices by Country

In 2021, the average ophthalmic instruments import price amounted to $X per ton, increasing by 3.5% against the previous year. Overall, the import price, however, continues to indicate a slight descent. The pace of growth was the most pronounced in 2014 an increase of 144%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Canada ($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 (+25.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ophthalmic instruments and appliances in the world?

The countries with the highest volumes of ophthalmic instruments consumption in 2020 were China, the United States and India, together accounting for 54% of global consumption. Russia, Japan, Germany, the UK, Spain, Mexico, South Korea and Italy lagged somewhat behind, together comprising a further 24%.

What are the largest producers of ophthalmic instruments and appliances in the world?

The countries with the highest volumes of ophthalmic instruments production in 2020 were the United States, China and India, together comprising 69% of global production. Japan, Russia, Belgium, Mexico, Germany, the UK and South Korea lagged somewhat behind, together accounting for a further 20%.

What are the leading suppliers of ophthalmic instruments and appliances to Ghana?

In value terms, the largest ophthalmic instruments suppliers to Ghana were India, the United States and Germany, with a combined 52% share of total imports.

What are the leading importers of ophthalmic instruments and appliances from Ghana?

In value terms, South Korea emerged as the key foreign market for ophthalmic instruments exports from Ghana, comprising 97% of total exports. The second position in the ranking was occupied by Germany $770), with a 2.9% share of total exports.

What is the average export price for ophthalmic instruments and appliances in Ghana?

The average ophthalmic instruments export price stood at $620 per kg in 2020, picking up by 56% against the previous year.

What is the average import price for ophthalmic instruments and appliances in Ghana?

The average ophthalmic instruments import price stood at $185,671 per ton in 2020, with a decrease of -16.5% against the previous year.

This report provides an in-depth analysis of the ophthalmic instruments market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32501320 - Ophthalmic instruments and appliances

Country coverage:

Ghana

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ghana
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023