Spain: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Spain

The Spanish ophthalmic instruments market rose significantly to $X in 2021, with an increase of 7% against the previous year. In general, the total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.3% 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 -17.8% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Ophthalmic Instruments Production in Spain

In value terms, ophthalmic instruments production rose rapidly to $X in 2021 estimated in export price. Overall, the total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -26.4% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 81% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Ophthalmic Instruments Exports

Exports from Spain

In 2021, overseas shipments of ophthalmic instruments and appliances increased by 3.6% to X tons, rising for the fourth consecutive year after four years of decline. In general, total exports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +137.2% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 62% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, ophthalmic instruments exports soared to $X in 2021. Over the period under review, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +47.8% against 2019 indices. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Portugal (X tons) was the main destination for ophthalmic instruments exports from Spain, accounting for a 52% share of total exports. Moreover, ophthalmic instruments exports to Portugal exceeded the volume sent to the second major destination, France (X tons), threefold. Germany (X tons) ranked third in terms of total exports with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Portugal totaled +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+31.9% per year) and Germany (+16.5% per year).

In value terms, Portugal ($X), Germany ($X) and France ($X) were the largest markets for ophthalmic instruments exported from Spain worldwide, together accounting for 64% of total exports. These countries were followed by Italy, the UK, Venezuela, Romania and the United Arab Emirates, which together accounted for a further 11%.

In terms of the main countries of destination, the UK, with a CAGR of +38.4%, saw the highest rates of growth with regard to 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, surging by 33% against the previous year. Overall, the export price showed a pronounced expansion. The pace of growth appeared the most rapid in 2014 an increase of 42%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to the United Arab Emirates ($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 Germany (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ophthalmic Instruments Imports

Imports into Spain

Ophthalmic instruments imports into Spain reached X tons in 2021, leveling off at 2020 figures. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 31%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, ophthalmic instruments imports expanded remarkably to $X in 2021. In general, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.0% 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 -5.0% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 21% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and France (X tons) were the main suppliers of ophthalmic instruments imports to Spain, together comprising 76% of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +12.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ophthalmic instruments suppliers to Spain were Belgium ($X), the Netherlands ($X) and Germany ($X), with a combined 65% share of total imports. France, the United States and Italy lagged somewhat behind, together accounting for a further 24%.

In terms of the main suppliers, France, with a CAGR of +12.3%, 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, picking up by 13% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ophthalmic instruments import price increased by +50.8% against 2019 indices. The growth pace was the most rapid in 2015 an increase of 34% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :