Saudi Arabia: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Saudi Arabia

The Saudi ophthalmic instruments market soared to $X in 2021, rising by 21% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.7% against 2019 indices. Ophthalmic instruments consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Ophthalmic Instruments Exports

Exports from Saudi Arabia

In 2021, approx. X tons of ophthalmic instruments and appliances were exported from Saudi Arabia; increasing by 92% compared with the year before. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 342%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, ophthalmic instruments exports declined to $X in 2021. Overall, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 373% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Iraq (X tons), Yemen (X tons) and the United Arab Emirates (X kg) were the main destinations of ophthalmic instruments exports from Saudi Arabia, with a combined 64% share of total exports. These countries were followed by Germany, Bahrain, the United States, Italy, Switzerland and Australia, which together accounted for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +59.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ophthalmic instruments exported from Saudi Arabia were Yemen ($X), the United Arab Emirates ($X) and Germany ($X), with a combined 57% share of total exports.

In terms of the main countries of destination, Yemen, with a CAGR of +60.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ophthalmic instruments export price stood at $X per ton in 2021, shrinking by -50.9% against the previous year. Overall, the export price showed a pronounced decrease. The pace of growth was the most pronounced in 2016 when the average export price increased by 60%. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Australia ($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 Yemen (+23.3%), while the prices for the other major destinations experienced mixed trend patterns.

Ophthalmic Instruments Imports

Imports into Saudi Arabia

In 2021, imports of ophthalmic instruments and appliances into Saudi Arabia skyrocketed to X tons, rising by 26% on the previous year. In general, total imports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +4.0% 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 -6.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 71%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, ophthalmic instruments imports soared to $X in 2021. Overall, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -6.1% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by 117%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of ophthalmic instruments imports to Saudi Arabia, together comprising 65% of total imports. These countries were followed by Japan, South Korea, Switzerland, Belgium and the Netherlands, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +14.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Japan ($X) constituted the largest ophthalmic instruments suppliers to Saudi Arabia, with a combined 75% share of total imports. These countries were followed by the Netherlands, Switzerland, Italy, Belgium and South Korea, which together accounted for a further 13%.

Among the main suppliers, Belgium, with a CAGR of +17.6%, recorded the highest rates of growth with regard to 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 average ophthalmic instruments import price amounted to $X per ton, shrinking by -4.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2015 an increase of 32%. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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