Turkey: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Turkey

The Turkish ophthalmic instruments market expanded rapidly to $X in 2021, surging by 8.7% against the previous year. Overall, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +95.0% against 2012 indices. Ophthalmic instruments consumption peaked in 2021 and is expected to retain growth in years to come.

Ophthalmic Instruments Production in Turkey

In value terms, ophthalmic instruments production rose modestly to $X in 2021 estimated in export price. Over the period under review, the total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.0% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 32%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Ophthalmic Instruments Exports

Exports from Turkey

In 2021, overseas shipments of ophthalmic instruments and appliances increased by 92% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, ophthalmic instruments exports surged to $X in 2021. In general, exports posted a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Iraq (X tons), Azerbaijan (X tons) and Oman (X tons) were the main destinations of ophthalmic instruments exports from Turkey, with a combined 47% share of total exports. Somalia, Kyrgyzstan, China, Germany, the United Arab Emirates, Cyprus, Russia, Tajikistan, the Netherlands and Lithuania lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +1,605.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Azerbaijan ($X) remains the key foreign market for ophthalmic instruments and appliances exports from Turkey, comprising 30% of total exports. The second position in the ranking was taken by Iraq ($X), with a 14% share of total exports. It was followed by Oman, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value to Azerbaijan totaled +40.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (-1.1% per year) and Oman (+53.3% per year).

Export Prices by Country

In 2021, the average ophthalmic instruments export price amounted to $X per ton, reducing by -10.9% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 29%. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the United Arab Emirates ($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 Lithuania (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.

Ophthalmic Instruments Imports

Imports into Turkey

In 2021, imports of ophthalmic instruments and appliances into Turkey soared to X tons, picking up by 80% against the previous year. Overall, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +7.1% 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 skyrocketed to $X in 2021. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +75.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest ophthalmic instruments supplier to Turkey, accounting for a 48% share of total imports. Moreover, ophthalmic instruments imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by Japan (X tons), with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.1% per year) and Japan (+1.4% per year).

In value terms, the United States ($X), Germany ($X) and Japan ($X) appeared to be the largest ophthalmic instruments suppliers to Turkey, together accounting for 72% of total imports. Italy, Mexico, France, the Netherlands, China and South Korea lagged somewhat behind, together accounting for a further 17%.

Among the main suppliers, Mexico, with a CAGR of +42.5%, recorded 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

In 2021, the average ophthalmic instruments import price amounted to $X per ton, waning by -3.3% against the previous year. In general, the import price recorded a pronounced setback. The pace of growth was the most pronounced in 2020 an increase of 22%. The import price peaked at $X per ton in 2013; however, from 2014 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 France ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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