Indonesia: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Indonesia

The Indonesian ophthalmic instruments market declined notably to $X in 2021, with a decrease of -15.5% against the previous year. Over the period under review, consumption, however, posted a strong increase. Ophthalmic instruments consumption peaked at $X in 2020, and then fell significantly in the following year.

Ophthalmic Instruments Production in Indonesia

In value terms, ophthalmic instruments production declined markedly to $X in 2021 estimated in export price. In general, production, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 59%. Ophthalmic instruments production peaked at $X in 2020, and then contracted remarkably in the following year.

Ophthalmic Instruments Exports

Exports from Indonesia

In 2021, the amount of ophthalmic instruments and appliances exported from Indonesia soared to X tons, surging by 127% compared with the previous year's figure. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 836% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, ophthalmic instruments exports skyrocketed to $X in 2021. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 295%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the near future.

Exports by Country

Switzerland (X tons) was the main destination for ophthalmic instruments exports from Indonesia, with a 68% share of total exports. Moreover, ophthalmic instruments exports to Switzerland exceeded the volume sent to the second major destination, the United States (X tons), threefold. Malaysia (X tons) ranked third in terms of total exports with a 3% share.

From 2012 to 2021, the average annual growth rate of volume to Switzerland stood at +291.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+177.0% per year) and Malaysia (+2.1% per year).

In value terms, the United States ($X), Switzerland ($X) and Malaysia ($X) were the largest markets for ophthalmic instruments exported from Indonesia worldwide, with a combined 99% share of total exports.

Switzerland, with a CAGR of +373.8%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

The average ophthalmic instruments export price stood at $X per ton in 2021, rising by 33% against the previous year. In general, the export price recorded buoyant growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 387%. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Singapore ($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 Switzerland (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.

Ophthalmic Instruments Imports

Imports into Indonesia

After two years of decline, purchases abroad of ophthalmic instruments and appliances increased by 24% to X tons in 2021. Over the period under review, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2015 when imports increased by 64%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, ophthalmic instruments imports amounted to $X in 2021. Overall, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 56% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), India (X tons) and Japan (X tons) were the main suppliers of ophthalmic instruments imports to Indonesia, together accounting for 58% of total imports. These countries were followed by China, Germany, Italy, Switzerland, the UK, South Korea, Singapore, the Netherlands and Vietnam, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +168.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ophthalmic instruments suppliers to Indonesia were the United States ($X), Japan ($X) and Germany ($X), together accounting for 57% of total imports. These countries were followed by India, Switzerland, Singapore, Italy, the UK, the Netherlands, China, South Korea and Vietnam, which together accounted for a further 36%.

Among the main suppliers, the Netherlands, with a CAGR of +206.6%, saw the highest rates of growth with regard to 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 average ophthalmic instruments import price amounted to $X per ton, waning by -10.2% against the previous year. In general, import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 an increase of 33%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Singapore ($X per ton), while the price for China ($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 (+25.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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