ASEAN: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in ASEAN

The ASEAN ophthalmic instruments market was finally on the rise to reach $X in 2022, after two years of decline. The total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; afterwards, it flattened through to 2022.

Ophthalmic Instruments Production in ASEAN

In value terms, ophthalmic instruments production totaled $X in 2022 estimated in export price. The total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Ophthalmic Instruments Exports

Exports in ASEAN

In 2022, ophthalmic instruments exports in ASEAN skyrocketed to X units, picking up by X% compared with 2021 figures. Overall, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, ophthalmic instruments exports stood at $X in 2022. In general, exports showed a prominent expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Singapore was the main exporter of ophthalmic instruments and appliances in ASEAN, with the volume of exports finishing at X units, which was approx. X% of total exports in 2022. It was distantly followed by Malaysia (X units) and Indonesia (X units), together mixing up a X% share of total exports. Vietnam (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to ophthalmic instruments exports from Singapore stood at X%. At the same time, Indonesia (X%), Vietnam (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. While the share of Singapore (X p.p.), Indonesia (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.) displayed negative dynamics.

In value terms, Singapore ($X) remains the largest ophthalmic instruments supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore stood at X%. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, which is down by X% against the previous year. Overall, the export price, however, posted a noticeable increase. The growth pace was the most rapid in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Ophthalmic Instruments Imports

Imports in ASEAN

Ophthalmic instruments imports surged to X units in 2022, growing by X% on the previous year's figure. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. 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 2022. Total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia represented the largest importing country with an import of about X units, which recorded X% of total imports. Singapore (X units) held the second position in the ranking, followed by Indonesia (X units), Thailand (X units) and Vietnam (X units). All these countries together held near X% share of total imports. The Philippines (X units) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to ophthalmic instruments imports into Malaysia stood at X%. At the same time, Indonesia (X%), Vietnam (X%), Singapore (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, the Philippines (X%) illustrated a downward trend over the same period. While the share of Indonesia (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Philippines (X p.p.), Thailand (X p.p.) and Singapore (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ophthalmic instruments importing markets in ASEAN were Singapore ($X), Malaysia ($X) and Thailand ($X), together accounting for X% of total imports. Indonesia, Vietnam and the Philippines lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Indonesia, with a CAGR of X%, saw 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 import price in ASEAN stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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