Malaysia: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Malaysia

The Malaysian ophthalmic instruments market declined notably to $X in 2021, waning by -18.6% against the previous year. In general, the total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.6% 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 -23.7% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Ophthalmic Instruments Production in Malaysia

In value terms, ophthalmic instruments production reduced sharply to $X in 2021 estimated in export price. Overall, production, however, saw resilient growth. The growth pace was the most rapid in 2020 when the production volume increased by 99%. As a result, production attained the peak level of $X, and then fell sharply in the following year.

Ophthalmic Instruments Exports

Exports from Malaysia

In 2021, the amount of ophthalmic instruments and appliances exported from Malaysia rose sharply to X tons, increasing by 7.6% compared with the year before. Over the period under review, exports, however, recorded a pronounced downturn. The growth pace was the most rapid in 2020 when exports increased by 132%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, ophthalmic instruments exports declined to $X in 2021. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 307% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Singapore (X tons) was the main destination for ophthalmic instruments exports from Malaysia, with a 53% share of total exports. Moreover, ophthalmic instruments exports to Singapore exceeded the volume sent to the second major destination, Germany (X tons), twofold. China (X tons) ranked third in terms of total exports with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore totaled +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+4.7% per year) and China (+17.5% per year).

In value terms, Singapore ($X) remains the key foreign market for ophthalmic instruments and appliances exports from Malaysia, comprising 57% of total exports. The second position in the ranking was taken by Germany ($X), with a 27% share of total exports. It was followed by Japan, with a 2.8% share.

From 2012 to 2021, the average annual growth rate of value to Singapore amounted to +11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+8.2% per year) and Japan (-26.1% per year).

Export Prices by Country

The average ophthalmic instruments export price stood at $X per ton in 2021, falling by -20.6% against the previous year. Over the period under review, the export price, however, posted a notable increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 75% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the 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 Japan ($X per ton), while the average price for exports to Hong Kong SAR ($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 the United States (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ophthalmic Instruments Imports

Imports into Malaysia

Ophthalmic instruments imports into Malaysia surged to X tons in 2021, with an increase of 28% compared with 2020 figures. Over the period under review, total imports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -19.4% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 61% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, ophthalmic instruments imports fell to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 96% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of ophthalmic instruments to Malaysia, with a 46% share of total imports. Moreover, ophthalmic instruments imports from Thailand exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. China (X tons) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume from Thailand totaled +56.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.4% per year) and China (-16.5% per year).

In value terms, the largest ophthalmic instruments suppliers to Malaysia were the United States ($X), Thailand ($X) and Singapore ($X), together accounting for 49% of total imports.

Thailand, with a CAGR of +47.1%, saw 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, with a decrease of -25.9% against the previous year. Overall, the import price saw a mild decrease. The pace of growth appeared the most rapid in 2013 an increase of 28%. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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