Report Update Nov 1, 2024

Myanmar - Ophthalmic Instruments and Appliances - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Myanmar

After two years of growth, the Myanmar's ophthalmic instruments market decreased by -90.6% to $X in 2021. In general, consumption showed a dramatic decline. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Ophthalmic Instruments Exports

Exports from Myanmar

Ophthalmic instruments exports from Myanmar contracted rapidly to X kg in 2020, which is down by -25% compared with the previous year. Overall, exports recorded a precipitous setback. Over the period under review, the exports attained the maximum at X kg in 2019, and then declined significantly in the following year.

In value terms, ophthalmic instruments exports shrank rapidly to $X in 2020. In general, exports showed a precipitous contraction. The exports peaked at $X in 2019, and then contracted remarkably in the following year.

Exports by Country

Singapore (X kg) was the main destination for ophthalmic instruments exports from Myanmar, with a approx. 100% share of total exports.

From 2019 to 2020, the average annual growth rate of volume to Singapore was relatively modest.

In value terms, Singapore ($X) emerged as the key foreign market for ophthalmic instruments and appliances exports from Myanmar.

From 2019 to 2020, the average annual rate of growth in terms of value to Singapore was relatively modest.

Export Prices by Country

In 2020, the average ophthalmic instruments export price amounted to $X per ton, increasing by 6.6% against the previous year. Over the last one years, it increased at an average annual rate of +6.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2019 to 2020, the rate of growth in terms of prices for Switzerland amounted to 0.0% per year.

Ophthalmic Instruments Imports

Imports into Myanmar

In 2021, purchases abroad of ophthalmic instruments and appliances decreased by -90.9% to X kg for the first time since 2018, thus ending a two-year rising trend. Overall, imports recorded a dramatic decline. The most prominent rate of growth was recorded in 2020 with an increase of 193%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, ophthalmic instruments imports shrank sharply to $X in 2021. Over the period under review, imports recorded a dramatic contraction. The most prominent rate of growth was recorded in 2013 with an increase of 129% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, South Korea (X kg) constituted the largest supplier of ophthalmic instruments to Myanmar, with a 40% share of total imports. Moreover, ophthalmic instruments imports from South Korea exceeded the figures recorded by the second-largest supplier, Singapore (X kg), threefold. Indonesia (X kg) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume from South Korea totaled +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-46.0% per year) and Indonesia (+106.2% per year).

In value terms, the largest ophthalmic instruments suppliers to Myanmar were South Korea ($X), Singapore ($X) and Indonesia ($X), with a combined 51% share of total imports.

In terms of the main suppliers, Singapore, with a CAGR of +92.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average ophthalmic instruments import price stood at $X per kg in 2021, growing by 20% against the previous year. Over the period under review, the import price showed mild growth. The pace of growth appeared the most rapid in 2017 when the average import price increased by 125% against the previous year. Over the period under review, average import prices hit record highs at $X per kg in 2018; however, from 2019 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 France ($X per kg), while the price for Australia ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ophthalmic instruments and appliances in the world?

The countries with the highest volumes of ophthalmic instruments consumption in 2020 were China, the United States and India, together accounting for 54% of global consumption. These countries were followed by Russia, Japan, Germany, the UK, Spain, Mexico, South Korea and Italy, which together accounted for a further 24%.

What are the largest producers of ophthalmic instruments and appliances in the world?

The countries with the highest volumes of ophthalmic instruments production in 2020 were the United States, China and India, together comprising 69% of global production. These countries were followed by Japan, Russia, Belgium, Mexico, Germany, the UK and South Korea, which together accounted for a further 20%.

What are the leading suppliers of ophthalmic instruments and appliances to Myanmar?

In value terms, the largest ophthalmic instruments suppliers to Myanmar were Japan, India and Germany, with a combined 70% share of total imports.

What is the average export price for ophthalmic instruments and appliances in Myanmar?

The average ophthalmic instruments export price stood at $33,833 per ton in 2020, dropping by -6.8% against the previous year.

What is the average import price for ophthalmic instruments and appliances in Myanmar?

The average ophthalmic instruments import price stood at $337,405 per ton in 2020, which is down by -59.4% against the previous year.

This report provides an in-depth analysis of the ophthalmic instruments market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32501320 - Ophthalmic instruments and appliances

Country coverage:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023