Ireland: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Ireland

The Irish ophthalmic instruments market dropped modestly to $X in 2021, falling by -3.8% against the previous year. In general, consumption enjoyed a notable increase. Over the period under review, the market attained the maximum level at $X in 2020, and then contracted slightly in the following year.

Ophthalmic Instruments Production in Ireland

In value terms, ophthalmic instruments production dropped rapidly to $X in 2021 estimated in export price. Overall, production showed a dramatic contraction. The most prominent rate of growth was recorded in 2013 with a decrease of -4.1%. Ophthalmic instruments production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Ophthalmic Instruments Exports

Exports from Ireland

In 2021, ophthalmic instruments exports from Ireland skyrocketed to X tons, with an increase of 234% compared with 2020 figures. In general, exports recorded a pronounced expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, ophthalmic instruments exports soared to $X in 2021. Overall, exports enjoyed a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for ophthalmic instruments exports from Ireland, with a 71% share of total exports. Moreover, ophthalmic instruments exports to the UK exceeded the volume sent to the second major destination, China (X tons), tenfold. The United States (X tons) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at +15.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+71.5% per year) and the United States (+34.3% per year).

In value terms, the UK ($X) emerged as the key foreign market for ophthalmic instruments and appliances exports from Ireland, comprising 70% of total exports. The second position in the ranking was taken by China ($X), with an 8.2% share of total exports. It was followed by India, with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK stood at +24.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+80.7% per year) and India (+42.4% per year).

Export Prices by Country

The average ophthalmic instruments export price stood at $X per ton in 2021, rising by 2.9% against the previous year. Over the period under review, the export price continues to indicate resilient growth. The pace of growth appeared the most rapid in 2017 an increase of 57% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was South Korea ($X per ton), while the average price for exports to the United Arab Emirates ($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 South Korea (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.

Ophthalmic Instruments Imports

Imports into Ireland

In 2021, the amount of ophthalmic instruments and appliances imported into Ireland skyrocketed to X tons, with an increase of 50% against 2020. Over the period under review, imports saw a strong expansion. The growth pace was the most rapid in 2018 with an increase of 83% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, ophthalmic instruments imports surged to $X in 2021. In general, imports showed a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of 57% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, the UK (X tons) constituted the largest supplier of ophthalmic instruments to Ireland, accounting for a 52% share of total imports. Moreover, ophthalmic instruments imports from the UK exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. The third position in this ranking was taken by the United States (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from the UK stood at +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+74.1% per year) and the United States (-3.9% per year).

In value terms, the UK ($X) constituted the largest supplier of ophthalmic instruments and appliances to Ireland, comprising 59% of total imports. The second position in the ranking was taken by the United States ($X), with a 13% share of total imports. It was followed by Belgium, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK amounted to +16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+12.9% per year) and Belgium (+64.9% per year).

Import Prices by Country

The average ophthalmic instruments import price stood at $X per ton in 2021, waning by -12.2% against the previous year. Over the period under review, the import price, however, recorded strong growth. The pace of growth was the most pronounced in 2019 when the average import price increased by 55% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then contracted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+17.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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