United Arab Emirates: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in the United Arab Emirates

In 2021, the ophthalmic instruments market in the United Arab Emirates increased by 52% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +71.8% against 2019 indices. Ophthalmic instruments consumption peaked in 2021 and is expected to retain growth in years to come.

Ophthalmic Instruments Production in the United Arab Emirates

In value terms, ophthalmic instruments production declined to $X in 2021 estimated in export price. In general, production recorded a mild decline. The most prominent rate of growth was recorded in 2016 when the production volume increased by 853%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Ophthalmic Instruments Exports

Exports from the United Arab Emirates

For the fourth year in a row, the United Arab Emirates recorded decline in overseas shipments of ophthalmic instruments and appliances, which decreased by -11.9% to X tons in 2021. Over the period under review, exports saw a slight contraction. The growth pace was the most rapid in 2015 with an increase of 349% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, ophthalmic instruments exports reduced remarkably to $X in 2021. In general, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2015 when exports increased by 836%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X tons), Nigeria (X tons) and Kenya (X tons) were the main destinations of ophthalmic instruments exports from the United Arab Emirates, together comprising 50% of total exports. These countries were followed by Zimbabwe, Zambia, Seychelles, Madagascar, Saudi Arabia and Germany, which together accounted for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Madagascar (with a CAGR of +207.9%), while the other leaders experienced more modest paces of growth.

In value terms, Oman ($X) emerged as the key foreign market for ophthalmic instruments and appliances exports from the United Arab Emirates, comprising 22% of total exports. The second position in the ranking was held by Nigeria ($X), with a 9.7% share of total exports. It was followed by Madagascar, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Oman stood at -7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+38.1% per year) and Madagascar (+132.1% per year).

Export Prices by Country

The average ophthalmic instruments export price stood at $X per ton in 2021, falling by -10.4% against the previous year. Overall, the export price showed a abrupt decline. The growth pace was the most rapid in 2015 when the average export price increased by 109%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Zambia ($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 Saudi Arabia (+0.5%), while the prices for the other major destinations experienced a decline.

Ophthalmic Instruments Imports

Imports into the United Arab Emirates

Ophthalmic instruments imports into the United Arab Emirates soared to X tons in 2021, jumping by 130% on the year before. Overall, imports showed a measured expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ophthalmic instruments imports soared to $X in 2021. Over the period under review, imports posted a noticeable expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the Netherlands (X tons) and South Korea (X tons) were the main suppliers of ophthalmic instruments imports to the United Arab Emirates, with a combined 43% share of total imports. These countries were followed by Germany, the United States, Belgium, France, Italy, Japan, India, the UK and Switzerland, which together accounted for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +34.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ophthalmic instruments suppliers to the United Arab Emirates were the Netherlands ($X), Germany ($X) and the United States ($X), together comprising 34% of total imports. France, India, Belgium, the UK, Italy, South Korea, China, Switzerland and Japan lagged somewhat behind, together accounting for a further 25%.

In terms of the main suppliers, Belgium, with a CAGR of +18.9%, 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

The average ophthalmic instruments import price stood at $X per ton in 2021, with an increase of 1.8% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 90%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained 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 Germany ($X per ton), while the price for China ($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 (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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