Report Update Nov 1, 2024

Venezuela - Ophthalmic Instruments and Appliances - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Venezuela

The Venezuelan ophthalmic instruments market contracted rapidly to $X in 2021, reducing by -31.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a precipitous setback. Ophthalmic instruments consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Ophthalmic Instruments Exports

Exports from Venezuela

In 2021, the amount of ophthalmic instruments and appliances exported from Venezuela stood at X kg, approximately mirroring 2020 figures. In general, exports saw a precipitous descent. The most prominent rate of growth was recorded in 2014 with an increase of 95%. The exports peaked at X kg in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, ophthalmic instruments exports surged to $X in 2021. Overall, exports saw a sharp contraction. The growth pace was the most rapid in 2014 when exports increased by 155%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X kg) and Chile (X kg) were the main destinations of ophthalmic instruments exports from Venezuela.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of -32.8%).

In value terms, Panama ($X), the United States ($X) and Chile ($X) were the largest markets for ophthalmic instruments exported from Venezuela worldwide, with a combined 70% share of total exports.

In terms of the main countries of destination, Panama, with a CAGR of -22.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average ophthalmic instruments export price stood at $X per ton in 2021, increasing by 17% against the previous year. Overall, the export price enjoyed a prominent increase. The growth pace was the most rapid in 2013 an increase of 51% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Panama ($X per ton), while the average price for exports to Chile ($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 Panama (+46.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ophthalmic Instruments Imports

Imports into Venezuela

In 2021, ophthalmic instruments imports into Venezuela fell rapidly to X tons, waning by -35.7% against the previous year's figure. Over the period under review, imports showed a dramatic contraction. The pace of growth appeared the most rapid in 2019 with an increase of 829% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, ophthalmic instruments imports contracted rapidly to $X in 2021. Overall, imports saw a sharp curtailment. The pace of growth was the most pronounced in 2019 with an increase of 354% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Cuba (X tons) constituted the largest ophthalmic instruments supplier to Venezuela, accounting for a 46% share of total imports. Moreover, ophthalmic instruments imports from Cuba exceeded the figures recorded by the second-largest supplier, Japan (X kg), fivefold. Poland (X kg) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume from Cuba stood at -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-2.6% per year) and Poland (+3.9% per year).

In value terms, Cuba ($X) constituted the largest supplier of ophthalmic instruments and appliances to Venezuela, comprising 67% of total imports. The second position in the ranking was held by Italy ($X), with a 6.3% share of total imports. It was followed by Japan, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Cuba stood at -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.9% per year) and Japan (-16.1% per year).

Import Prices by Country

In 2021, the average ophthalmic instruments import price amounted to $X per ton, increasing by 14% against the previous year. In general, the import price, however, recorded a deep downturn. The pace of growth was the most pronounced in 2020 when the average import price increased by 28% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood 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 Italy ($X per ton), while the price for Nicaragua ($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 (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ophthalmic instruments and appliances in the world?

The countries with the highest volumes of ophthalmic instruments consumption in 2020 were China, the United States and India, together comprising 54% of global consumption. These countries were followed by Russia, Japan, Germany, the UK, Spain, Mexico, South Korea and Italy, which together accounted for a further 24%.

What are the largest producers of ophthalmic instruments and appliances in the world?

The countries with the highest volumes of ophthalmic instruments production in 2020 were the United States, China and India, with a combined 69% share of global production. These countries were followed by Japan, Russia, Belgium, Mexico, Germany, the UK and South Korea, which together accounted for a further 20%.

What are the leading suppliers of ophthalmic instruments and appliances to Venezuela?

In value terms, the largest ophthalmic instruments suppliers to Venezuela were China, Italy and Japan, together accounting for 53% of total imports.

What are the leading importers of ophthalmic instruments and appliances from Venezuela?

In value terms, Chile remains the key foreign market for ophthalmic instruments exports from Venezuela, comprising 50% of total exports. The second position in the ranking was occupied by the United States, with a 20% share of total exports.

What is the average export price for ophthalmic instruments and appliances in Venezuela?

The average ophthalmic instruments export price stood at $381,199 per ton in 2020, growing by 1.9% against the previous year.

What is the average import price for ophthalmic instruments and appliances in Venezuela?

In 2020, the average ophthalmic instruments import price amounted to $154,636 per ton, dropping by -3.7% against the previous year.

This report provides an in-depth analysis of the ophthalmic instruments market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32501320 - Ophthalmic instruments and appliances

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023