Scandinavia: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Scandinavia

In 2021, the Scandinavia ophthalmic instruments market increased by 15% 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 +1.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Ophthalmic Instruments Production in Scandinavia

In value terms, ophthalmic instruments production rose significantly to $X in 2021 estimated in export price. In general, production posted significant growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 502%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Ophthalmic Instruments Exports

Exports in Scandinavia

In 2021, the amount of ophthalmic instruments and appliances exported in Scandinavia stood at X tons, picking up by 12% on 2020. Over the period under review, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports attained 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 surged to $X in 2021. Overall, exports, however, continue to indicate a slight curtailment. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Denmark dominates exports structure, resulting at X tons, which was approx. 88% of total exports in 2021. It was distantly followed by Sweden (X tons), constituting a 9% share of total exports. Finland (X tons) followed a long way behind the leaders.

Denmark experienced a relatively flat trend pattern with regard to volume of exports of ophthalmic instruments and appliances. At the same time, Sweden (+2.6%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +2.6% from 2012-2021. Finland experienced a relatively flat trend pattern. While the share of Sweden (+2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Denmark (-1.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ophthalmic instruments supplying countries in Scandinavia were Denmark ($X), Sweden ($X) and Finland ($X), together comprising 96% of total exports.

Among the main exporting countries, Sweden, with a CAGR of +2.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, rising by 25% against the previous year. In general, the export price, however, saw a mild reduction. Over the period under review, the export prices attained the maximum 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 amongst the major exporting countries. In 2021, the country with the highest price was Finland ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-0.3%), while the other leaders experienced a decline in the export price figures.

Ophthalmic Instruments Imports

Imports in Scandinavia

In 2021, after two years of decline, there was growth in overseas purchases of ophthalmic instruments and appliances, when their volume increased by 0.4% to X tons. Overall, imports, however, continue to indicate a mild shrinkage. The pace of growth was the most pronounced in 2015 when imports increased by 10%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, ophthalmic instruments imports skyrocketed to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Denmark (X tons) and Sweden (X tons) represented roughly 71% of total imports in 2021. Finland (X tons) held a 15% share (based on physical terms) of total imports, which put it in second place, followed by Norway (13%).

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +5.9%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest ophthalmic instruments importing markets in Scandinavia were Sweden ($X), Denmark ($X) and Norway ($X), together comprising 81% of total imports.

Among the main importing countries, Norway, with a CAGR of +1.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, surging by 17% against the previous year. In general, the import price recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+3.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform