MENA: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in MENA

The MENA's ophthalmic instruments market rose slightly to $X in 2023, picking up by X% against the previous year. The total consumption indicated buoyant growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Ophthalmic Instruments Production in MENA

In value terms, ophthalmic instruments production expanded remarkably to $X in 2023 estimated in export price. In general, production posted a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Ophthalmic Instruments Exports

Exports in MENA

In 2023, the amount of ophthalmic instruments and appliances exported in MENA surged to X units, rising by X% against 2022. In general, exports recorded a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ophthalmic instruments exports skyrocketed to $X in 2023. Overall, exports recorded a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Israel was the major exporter of ophthalmic instruments and appliances in MENA, with the volume of exports reaching X units, which was near X% of total exports in 2023. The United Arab Emirates (X units) ranks second in terms of the total exports with a X% share, followed by Turkey (X%).

From 2012 to 2023, the biggest increases were recorded for Israel (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) remains the largest ophthalmic instruments supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

In Israel, ophthalmic instruments exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2023, the export price in MENA amounted to $X per unit, therefore, remained relatively stable against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Israel ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Ophthalmic Instruments Imports

Imports in MENA

For the third consecutive year, MENA recorded growth in supplies from abroad of ophthalmic instruments and appliances, which increased by X% to X units in 2023. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are likely to see gradual growth in the immediate term.

In value terms, ophthalmic instruments imports soared to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Turkey (X units) represented the main importer of ophthalmic instruments and appliances, creating X% of total imports. The United Arab Emirates (X units) ranks second in terms of the total imports with a X% share, followed by Iran (X%), Israel (X%), Morocco (X%), Algeria (X%) and Iraq (X%).

From 2012 to 2023, average annual rates of growth with regard to ophthalmic instruments imports into Turkey stood at X%. At the same time, Israel (X%), Morocco (X%), Iran (X%), Algeria (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. By contrast, Iraq (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.), Israel (X p.p.) and Morocco (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of the United Arab Emirates (X p.p.) and Iraq (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 MENA were Turkey ($X), Iran ($X) and Israel ($X), together accounting for X% of total imports.

Israel, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 MENA stood at $X per unit in 2023, picking up by X% against the previous year. Overall, the import price, however, recorded a slight shrinkage. The level of import peaked at $X per unit in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Iran ($X per unit), while Iraq ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Iraq (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform