Switzerland: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Switzerland

The Swiss ophthalmic instruments market soared to $X in 2021, surging by 33% against the previous year. In general, consumption continues to indicate a prominent increase. Over the period under review, the market reached the peak level in 2021 and is likely to see gradual growth in the near future.

Ophthalmic Instruments Production in Switzerland

In value terms, ophthalmic instruments production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production posted a temperate increase. The most prominent rate of growth was recorded in 2016 with an increase of 64% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Ophthalmic Instruments Exports

Exports from Switzerland

In 2021, the amount of ophthalmic instruments and appliances exported from Switzerland surged to X tons, growing by 29% against 2020. The total export volume increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ophthalmic instruments exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), the United States (X tons) and Belgium (X tons) were the main destinations of ophthalmic instruments exports from Switzerland, with a combined 52% share of total exports. These countries were followed by China, Austria, South Korea, Italy, France, the Netherlands, Russia, South Africa, the UK and Japan, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of +24.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Belgium ($X) and Germany ($X) were the largest markets for ophthalmic instruments exported from Switzerland worldwide, together accounting for 46% of total exports. China, South Korea, France, Austria, the Netherlands, Russia, Japan, the UK, Italy and South Africa lagged somewhat behind, together comprising a further 32%.

South Africa, with a CAGR of +20.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average ophthalmic instruments export price amounted to $X per ton, surging by 2% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 2.8% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while the average price for exports to Germany ($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 the UK (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Ophthalmic Instruments Imports

Imports into Switzerland

In 2021, purchases abroad of ophthalmic instruments and appliances increased by 220% to X tons, rising for the second year in a row after five years of decline. In general, imports recorded measured growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ophthalmic instruments imports expanded sharply to $X in 2021. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2013 when imports increased by 15%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), Belgium (X tons) and the United States (X tons) were the main suppliers of ophthalmic instruments imports to Switzerland, together comprising 77% of total imports. France, India, Spain, Japan and the Netherlands lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +23.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Belgium ($X) were the largest ophthalmic instruments suppliers to Switzerland, together accounting for 62% of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +24.1%, 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 -65.9% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 123%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for Spain ($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 (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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