Slovakia: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Slovakia

The Slovak ophthalmic instruments market surged to $X in 2021, with an increase of 41% 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). The market value increased at an average annual rate of +4.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ophthalmic Instruments Exports

Exports from Slovakia

Ophthalmic instruments exports from Slovakia surged to X kg in 2021, with an increase of 130% on 2020 figures. In general, exports showed a significant increase. The growth pace was the most rapid in 2013 when exports increased by 17,600%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, ophthalmic instruments exports soared to $X in 2021. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 15,289%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Austria (X kg) was the main destination for ophthalmic instruments exports from Slovakia, accounting for a 99% share of total exports. It was followed by the United States (X kg), with a 0.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Austria totaled +259.1%.

In value terms, Austria ($X) remains the key foreign market for ophthalmic instruments and appliances exports from Slovakia, comprising 99% of total exports. The second position in the ranking was held by the United States ($X), with a 0.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Austria amounted to +336.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+25.5% per year) and the Czech Republic (-33.6% per year).

Export Prices by Country

In 2021, the average ophthalmic instruments export price amounted to $X per kg, dropping by -33.2% against the previous year. In general, the export price, however, saw a resilient expansion. The growth pace was the most rapid in 2018 when the average export price increased by 136%. Over the period under review, the average export prices hit record highs at $X per kg in 2020, and then reduced rapidly in the following year.

Prices varied noticeably country of destination: the country with the highest price was the Czech Republic ($X per kg), while the average price for exports to the United States ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+37.7%), while the prices for the other major destinations experienced more modest paces of growth.

Ophthalmic Instruments Imports

Imports into Slovakia

In 2021, approx. X tons of ophthalmic instruments and appliances were imported into Slovakia; increasing by 76% on 2020. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, 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.

In value terms, ophthalmic instruments imports surged to $X in 2021. The total import value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), the United States (X tons) and the Czech Republic (X tons) were the main suppliers of ophthalmic instruments imports to Slovakia, together comprising 55% of total imports. The Netherlands, France, Austria, Japan, Italy and Taiwan (Chinese) lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +105.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and the Czech Republic ($X) were the largest ophthalmic instruments suppliers to Slovakia, together comprising 51% of total imports. The United States, Austria, Japan, France, Italy and Taiwan (Chinese) lagged somewhat behind, together comprising a further 38%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +77.5%, 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, falling by -27% against the previous year. Over the period under review, the import price showed a noticeable descent. The most prominent rate of growth was recorded in 2020 an increase of 26%. The import price peaked at $X per ton in 2015; however, from 2016 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 Austria ($X per ton), while the price for France ($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 (+5.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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