Republic of Korea - Ophthalmic Instruments And Appliances - Market Analysis, Forecast, Size, Trends And Insights
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View PricingOphthalmic Instruments Price in South Korea - 2022
Contents:
- Ophthalmic Instruments Price in South Korea (CIF) - 2022
- Ophthalmic Instruments Price in South Korea (FOB) - 2022
- Ophthalmic Instruments Imports in South Korea
- Ophthalmic Instruments Exports in South Korea
Ophthalmic Instruments Price in South Korea (CIF) - 2022
In December 2022, the average ophthalmic instruments import price amounted to $12.3 per unit, rising by 68% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $13.3 per unit in December 2021; however, from January 2022 to December 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($32.4 per unit), while the price for China ($5.1 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Ophthalmic Instruments Price in South Korea (FOB) - 2022
The average ophthalmic instruments export price stood at $3.4 per unit in 2022, dropping by -16.2% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by 6.7% against the previous year. Over the period under review, the average export prices hit record highs at $4.2 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($6.4 per unit), while the average price for exports to Saudi Arabia ($1.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.
Ophthalmic Instruments Imports in South Korea
In 2022, approx. 13M units of ophthalmic instruments and appliances were imported into South Korea; waning by -6.9% on 2021 figures. In general, imports saw a perceptible decline. The most prominent rate of growth was recorded in 2021 when imports increased by 16%. As a result, imports attained the peak of 13M units, and then declined in the following year.
In value terms, ophthalmic instruments imports reduced to $136M in 2022. Overall, imports, however, saw a slight increase. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. As a result, imports reached the peak of $149M, and then shrank in the following year.
| Import of Ophthalmic Instruments in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 32.7 | 36.5 | 40.7 | 38.8 | 5.9% |
| United States | 51.1 | 39.6 | 53.1 | 33.7 | -13.0% |
| Japan | 13.0 | 10.3 | 12.2 | 14.6 | 3.9% |
| Switzerland | 10.0 | 10.6 | 14.1 | 11.7 | 5.4% |
| United Kingdom | 6.9 | 5.5 | 6.4 | 9.1 | 9.7% |
| Singapore | 5.1 | 5.0 | 5.7 | 6.8 | 10.1% |
| Mexico | 1.1 | 1.5 | 1.9 | 2.3 | 27.9% |
| China | 1.7 | 1.4 | 1.9 | 1.0 | -16.2% |
| Others | 10.2 | 12.0 | 12.8 | 17.6 | 19.9% |
| Total | 132 | 122 | 149 | 136 | 1.0% |
Top Suppliers of Ophthalmic Instruments to South Korea in 2022:
- United States (3.5M units)
- Germany (2.4M units)
- Japan (1.5M units)
- Switzerland (0.9M units)
- United Kingdom (0.8M units)
- Singapore (0.7M units)
- China (0.7M units)
- Mexico (0.6M units)
Ophthalmic Instruments Exports in South Korea
In 2022, exports of ophthalmic instruments and appliances from South Korea totaled 19M units, approximately equating the year before. The total export volume increased at an average annual rate of +5.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 45%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, ophthalmic instruments exports shrank to $66M in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 43% against the previous year. As a result, the exports reached the peak of $78M, and then shrank in the following year.
| Export of Ophthalmic Instruments in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.4 | 3.7 | 3.6 | 12.6 | 32.6% |
| United States | 8.3 | 5.8 | 10.0 | 7.6 | -2.9% |
| Germany | 8.2 | 8.1 | 10.8 | 5.6 | -11.9% |
| Russia | 6.0 | 4.9 | 7.2 | 4.9 | -6.5% |
| India | 2.5 | 1.9 | 3.2 | 4.7 | 23.4% |
| France | 5.3 | 4.1 | 6.5 | 3.9 | -9.7% |
| Italy | 1.8 | 1.5 | 3.0 | 1.7 | -1.9% |
| Brazil | 1.3 | 1.5 | 1.6 | 1.2 | -2.6% |
| Japan | 1.0 | 1.1 | 0.9 | 0.9 | -3.5% |
| Saudi Arabia | 0.3 | 0.4 | 0.9 | 0.6 | 26.0% |
| United Arab Emirates | 0.5 | 0.5 | 0.9 | 0.6 | 6.3% |
| Others | 26.7 | 20.7 | 28.9 | 21.7 | -6.7% |
| Total | 67.2 | 54.3 | 77.5 | 65.9 | -0.6% |
Top Export Markets for Ophthalmic Instruments from South Korea in 2022:
- China (3.9M units)
- Russia (3.3M units)
- France (1.6M units)
- United States (1.2M units)
- Germany (1.1M units)
- India (0.7M units)
- Saudi Arabia (0.6M units)
- Brazil (0.4M units)
- United Arab Emirates (0.4M units)
- Italy (0.3M units)
- Japan (0.2M units)
This report provides an in-depth analysis of the ophthalmic instruments market in Republic of Korea. 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:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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