Middle East: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in the Middle East

The Middle Eastern ophthalmic instruments market surged to $X in 2021, with an increase of 17% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +73.5% against 2012 indices. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Ophthalmic Instruments Production in the Middle East

In value terms, ophthalmic instruments production stood at $X in 2021 estimated in export price. The total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.7% against 2017 indices. The pace of growth appeared the most rapid in 2017 with an increase of 32% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Ophthalmic Instruments Exports

Exports in the Middle East

In 2021, shipments abroad of ophthalmic instruments and appliances was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports posted buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 119%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, ophthalmic instruments exports soared to $X in 2021. Over the period under review, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 201%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey (X tons) and Israel (X tons) were the largest exporters of ophthalmic instruments and appliances in 2021, reaching near 41% and 34% of total exports, respectively. The United Arab Emirates (X tons) ranks next in terms of the total exports with a 14% share, followed by Saudi Arabia (5.2%). Jordan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +21.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), Turkey ($X) and Saudi Arabia ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 92% of total exports.

Saudi Arabia, with a CAGR of +15.7%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, waning by -8% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the export price increased by 37%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Israel ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+1.2%), while the other leaders experienced mixed trends in the export price figures.

Ophthalmic Instruments Imports

Imports in the Middle East

In 2021, ophthalmic instruments imports in the Middle East surged to X tons, growing by 54% on the year before. The total import volume increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ophthalmic instruments imports surged to $X in 2021. The total import value increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons), Saudi Arabia (X tons), the United Arab Emirates (X tons), Iran (X tons), Israel (X tons) and Iraq (X tons) was the largest importer of ophthalmic instruments and appliances in the Middle East, achieving 90% of total import. Jordan (X tons) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +8.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Saudi Arabia ($X) and Iran ($X) were the countries with the highest levels of imports in 2021, with a combined 57% share of total imports. These countries were followed by the United Arab Emirates, Israel, Iraq and Jordan, which together accounted for a further 35%.

Among the main importing countries, Israel, with a CAGR of +9.5%, saw the highest growth rate of 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 import price in the Middle East amounted to $X per ton, picking up by 1.9% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 6.9% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Iran ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iraq (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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