MERCOSUR: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in MERCOSUR

The MERCOSUR ophthalmic instruments market amounted to $X in 2022, surging by X% against the previous year. The total consumption indicated a resilient expansion 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 increased by X% against 2012 indices. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in years to come.

Ophthalmic Instruments Production in MERCOSUR

In value terms, ophthalmic instruments production totaled $X in 2022 estimated in export price. In general, production, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Ophthalmic Instruments Exports

Exports in MERCOSUR

In 2022, overseas shipments of ophthalmic instruments and appliances increased by X% to X units, rising for the second consecutive year after three years of decline. In general, exports, however, recorded a mild descent. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, ophthalmic instruments exports dropped to $X in 2022. Over the period under review, exports enjoyed temperate growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Chile was the main exporter of ophthalmic instruments and appliances in MERCOSUR, with the volume of exports accounting for X units, which was near X% of total exports in 2022. It was distantly followed by Brazil (X units) and Colombia (X units), together constituting a X% share of total exports. Ecuador (X units) and Peru (X units) held a relatively small share of total exports.

Chile was also the fastest-growing in terms of the ophthalmic instruments and appliances exports, with a CAGR of X% from 2012 to 2022. At the same time, Ecuador (X%), Colombia (X%), Peru (X%) and Brazil (X%) displayed positive paces of growth. From 2012 to 2022, the share of Chile, Colombia, Brazil, Ecuador and Peru increased by X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ophthalmic instruments supplying countries in MERCOSUR were Brazil ($X), Colombia ($X) and Chile ($X), together accounting for X% of total exports. Ecuador and Peru lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Ecuador, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the export price, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The level of export peaked at $X per unit in 2021, and then declined sharply in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Chile ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the other leaders experienced a decline in the export price figures.

Ophthalmic Instruments Imports

Imports in MERCOSUR

In 2022, approx. X units of ophthalmic instruments and appliances were imported in MERCOSUR; surging by X% against 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. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, ophthalmic instruments imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Brazil was the major importer of ophthalmic instruments and appliances in MERCOSUR, with the volume of imports reaching X units, which was near X% of total imports in 2022. Chile (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (X%), Peru (X%), Ecuador (X%) and Argentina (X%). Guyana (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to ophthalmic instruments imports into Brazil stood at X%. At the same time, Guyana (X%), Chile (X%), Peru (X%), Colombia (X%), Argentina (X%) and Ecuador (X%) displayed positive paces of growth. Moreover, Guyana emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Chile, Peru, Colombia and Guyana increased by X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported ophthalmic instruments and appliances in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Chile ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

In Brazil, ophthalmic instruments imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Chile (X% per year) and Argentina (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 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 Argentina ($X per unit), while Guyana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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