South-Eastern Asia: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in South-Eastern Asia

After four years of growth, the Southeast Asian ophthalmic instruments market decreased by -12.1% to $X in 2021. The total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.0% 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 increased by +53.7% against 2016 indices. The level of consumption peaked at $X in 2020, and then reduced in the following year.

Ophthalmic Instruments Production in South-Eastern Asia

In value terms, ophthalmic instruments production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by 35% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then contracted in the following year.

Ophthalmic Instruments Exports

Exports in South-Eastern Asia

In 2021, the amount of ophthalmic instruments and appliances exported in South-Eastern Asia soared to X tons, jumping by 34% on the previous year. In general, exports saw a remarkable increase. The pace of growth appeared the most rapid in 2015 with an increase of 105% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, ophthalmic instruments exports rose notably to $X in 2021. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 188% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

Exports by Country

Singapore was the largest exporting country with an export of about X tons, which resulted at 63% of total exports. Malaysia (X tons) held a 22% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (9.7%). Vietnam (X tons) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to ophthalmic instruments exports from Singapore stood at +29.0%. At the same time, Indonesia (+43.2%) and Vietnam (+2.7%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +43.2% from 2012-2021. By contrast, Malaysia (-3.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Singapore and Indonesia increased by +47 and +8.8 percentage points, respectively.

In value terms, Singapore ($X) remains the largest ophthalmic instruments supplier in South-Eastern Asia, comprising 77% of total exports. The second position in the ranking was held by Indonesia ($X), with a 7.7% share of total exports. It was followed by Malaysia, with a 7% share.

From 2012 to 2021, the average annual growth rate of value in Singapore stood at +30.3%. In the other countries, the average annual rates were as follows: Indonesia (+63.7% per year) and Malaysia (+0.3% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, declining by -14.3% against the previous year. In general, the export price, however, posted a resilient increase. The growth pace was the most rapid in 2014 when the export price increased by 62% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+14.3%), while the other leaders experienced more modest paces of growth.

Ophthalmic Instruments Imports

Imports in South-Eastern Asia

In 2021, the amount of ophthalmic instruments and appliances imported in South-Eastern Asia soared to X tons, picking up by 19% compared with the previous year. The total import volume increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 21% against the previous year. Over the period under review, imports attained 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 amounted to $X in 2021. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by 20%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Malaysia was the major importing country with an import of about X tons, which finished at 45% of total imports. Singapore (X tons) held the second position in the ranking, followed by Indonesia (X tons), Thailand (X tons) and Vietnam (X tons). All these countries together held approx. 51% share of total imports. The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to ophthalmic instruments imports into Malaysia stood at +1.5%. At the same time, Indonesia (+10.3%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +10.3% from 2012-2021. Thailand and Singapore experienced a relatively flat trend pattern. By contrast, Vietnam (-2.3%) and the Philippines (-6.4%) illustrated a downward trend over the same period. While the share of Indonesia (+7.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Vietnam (-2 p.p.), the Philippines (-2.5 p.p.) and Singapore (-3.4 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 importing markets in South-Eastern Asia were Singapore ($X), Thailand ($X) and Indonesia ($X), with a combined 71% share of total imports.

Among the main importing countries, Indonesia, with a CAGR of +12.8%, 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

The import price in South-Eastern Asia stood at $X per ton in 2021, dropping by -4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2016 an increase of 14% against the previous year. The level of import peaked at $X per ton in 2020, and then contracted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+8.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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