Italy: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Italy

In 2021, the Italian ophthalmic instruments market increased by 22% to $X for the first time since 2017, thus ending a three-year declining trend. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Ophthalmic Instruments Production in Italy

In value terms, ophthalmic instruments production skyrocketed to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. Ophthalmic instruments production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Ophthalmic Instruments Exports

Exports from Italy

Ophthalmic instruments exports from Italy was estimated at X tons in 2021, with an increase of 3% against the previous year's figure. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when exports increased by 12%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, ophthalmic instruments exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +5.3% over the period from 2012 to 2021; the trend pattern 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

The UK (X tons), France (X tons) and Germany (X tons) were the main destinations of ophthalmic instruments exports from Italy, together accounting for 35% of total exports. The United States, the Netherlands, Egypt, Australia, Saudi Arabia, Spain, Romania and Canada lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +15.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ophthalmic instruments exported from Italy were the United States ($X), Germany ($X) and France ($X), together accounting for 44% of total exports. The Netherlands, the UK, Canada, Australia, Spain, Saudi Arabia, Egypt and Romania lagged somewhat behind, together accounting for a further 21%.

Romania, with a CAGR of +19.9%, recorded the highest growth rate of the value of exports, among 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

In 2021, the average ophthalmic instruments export price amounted to $X per ton, rising by 35% against the previous year. In general, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ophthalmic instruments export price increased by +28.2% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK ($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 France (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Ophthalmic Instruments Imports

Imports into Italy

In 2021, after three years of decline, there was significant growth in purchases abroad of ophthalmic instruments and appliances, when their volume increased by 11% to X tons. In general, total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 41%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, ophthalmic instruments imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 16% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of ophthalmic instruments imports to Italy, with a combined 74% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +27.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ophthalmic instruments suppliers to Italy were the United States ($X), the Netherlands ($X) and Germany ($X), with a combined 54% share of total imports. These countries were followed by France, Belgium, Japan and South Korea, which together accounted for a further 34%.

South Korea, with a CAGR of +17.5%, recorded the highest growth rate of the value of imports, in terms of 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, flattening at the previous year. In general, the import price, however, recorded a pronounced decrease. The pace of growth appeared the most rapid in 2018 an increase of 57% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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