Israel: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Israel

In 2021, the Israeli ophthalmic instruments market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -28.3% against 2017 indices. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Ophthalmic Instruments Production in Israel

In value terms, ophthalmic instruments production skyrocketed to $X in 2021 estimated in export price. Overall, the total production indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -36.4% against 2017 indices. The pace of growth appeared the most rapid in 2013 with an increase of 46% against the previous year. Ophthalmic instruments production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Ophthalmic Instruments Exports

Exports from Israel

Ophthalmic instruments exports from Israel soared to X tons in 2021, picking up by 29% compared with 2020. In general, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 219% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, ophthalmic instruments exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 314% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for ophthalmic instruments exports from Israel, accounting for a 56% share of total exports. Moreover, ophthalmic instruments exports to Germany exceeded the volume sent to the second major destination, the United States (X tons), threefold. France (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +19.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+11.7% per year) and France (+1.6% per year).

In value terms, Germany ($X) remains the key foreign market for ophthalmic instruments and appliances exports from Israel, comprising 56% of total exports. The second position in the ranking was taken by the United States ($X), with a 19% share of total exports. It was followed by France, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +21.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+13.0% per year) and France (+2.8% per year).

Export Prices by Country

In 2021, the average ophthalmic instruments export price amounted to $X per ton, growing by 2.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2018 when the average export price increased by 30%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the countries with the highest prices were Russia ($X per ton) and India ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Ophthalmic Instruments Imports

Imports into Israel

In 2021, approx. X tons of ophthalmic instruments and appliances were imported into Israel; with an increase of 4.2% against the year before. Over the period under review, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of 41% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, ophthalmic instruments imports amounted to $X in 2021. In general, imports saw a resilient increase. The growth pace was the most rapid in 2014 when imports increased by 38%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the United States (X tons) constituted the largest ophthalmic instruments supplier to Israel, accounting for a 37% share of total imports. Moreover, ophthalmic instruments imports from the United States exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. France (X tons) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+25.6% per year) and France (+2.4% per year).

In value terms, the United States ($X) constituted the largest supplier of ophthalmic instruments and appliances to Israel, comprising 37% of total imports. The second position in the ranking was taken by the UK ($X), with a 13% share of total imports. It was followed by France, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+26.6% per year) and France (+3.2% per year).

Import Prices by Country

In 2021, the average ophthalmic instruments import price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 10%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from South Korea ($X per ton) and Switzerland ($X per ton), while the price for the UK ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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