Philippines - Contact Lenses - Market Analysis, Forecast, Size, Trends and Insights
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View PricingContact Lense Price in the Philippines - 2023
Contents:
- Contact Lense Price in the Philippines (CIF) - 2022
- Contact Lense Price in the Philippines (FOB) - 2022
- Contact Lense Imports in the Philippines
- Contact Lense Exports in the Philippines
Contact Lense Price in the Philippines (CIF) - 2022
The average contact lense import price stood at $2.3 per unit in 2022, remaining stable against the previous year. In general, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 an increase of 49%. As a result, import price attained the peak level of $7.8 per unit. From 2019 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($1.6 per unit), while the price for Hong Kong SAR ($0.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.6%), while the prices for the other major suppliers experienced a decline.
Contact Lense Price in the Philippines (FOB) - 2022
The average contact lense export price stood at $2.7 per unit in 2022, growing by 3.4% against the previous year. In general, the export price, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2016 an increase of 28%. The export price peaked at $4.3 per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($5.7 per unit), while the average price for exports to Hong Kong SAR ($0.5 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 India (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.
Contact Lense Imports in the Philippines
Contact lense imports into the Philippines surged to 2.1M units in 2022, jumping by 118% on the year before. Overall, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, contact lense imports soared to $4.8M in 2022. In general, imports showed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Contact Lense in the Philippines (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 44.2 | 0.1 | 129 | 2,524 | 285.1% |
Singapore | 138 | 30.2 | 201 | 259 | 23.4% |
Hong Kong SAR | 27.6 | 22.2 | 51.1 | 41.3 | 14.4% |
United Kingdom | 116 | 94.0 | 42.9 | 33.6 | -33.8% |
Taiwan (Chinese) | 22.7 | 15.4 | 10.0 | 7.2 | -31.8% |
Denmark | 164 | 112 | 58.7 | N/A | -40.2% |
Others | 2,380 | 1,136 | 1,713 | 1,898 | -7.3% |
Total | 2,893 | 1,411 | 2,206 | 4,762 | 18.1% |
Top Suppliers of Contact Lense to the Philippines in 2022:
- South Korea (1533.5K units)
- Singapore (166.8K units)
- Hong Kong SAR (133.4K units)
- United Kingdom (9.5K units)
- Taiwan (Chinese) (5.8K units)
Contact Lense Exports in the Philippines
Contact lense exports from the Philippines skyrocketed to 3.1K units in 2022, growing by 428% against the previous year's figure. In general, exports, however, recorded a deep downturn. Over the period under review, the exports hit record highs at 5.5K units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
In value terms, contact lense exports skyrocketed to $8.2K in 2022. Overall, exports, however, recorded a abrupt contraction. Over the period under review, the exports hit record highs at $15K in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
Export of Contact Lense in the Philippines (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 2,446 | 1,978 | 307 | 1,602 | -13.2% |
Germany | 149 | 2,125 | 205 | 1,485 | 115.2% |
Japan | 119 | 14.0 | 170 | 604 | 71.9% |
Indonesia | 3,405 | 510 | 17.0 | 515 | -46.7% |
New Zealand | 1.0 | 1,029 | 87.0 | 459 | 671.4% |
Poland | 618 | 1,338 | 101 | 429 | -11.5% |
Barbados | 505 | 1,094 | 83.0 | 351 | -11.4% |
Oman | 1,466 | 1,341 | 6.0 | 303 | -40.9% |
Pakistan | 1,097 | 691 | 77.0 | 289 | -35.9% |
Qatar | 438 | 665 | 35.0 | 105 | -37.9% |
United Kingdom | 377 | 762 | 21.0 | 69.0 | -43.2% |
Malaysia | 3.0 | 63.0 | 10.0 | 36.0 | 128.9% |
Others | 3,644 | 3,320 | 386 | 1,969 | -18.6% |
Total | 14,268 | 14,930 | 1,505 | 8,216 | -16.8% |
Top Export Markets for Contact Lense from the Philippines in 2022:
- Germany (833.0 units)
- India (511.0 units)
- Poland (226.0 units)
- Japan (109.0 units)
- Indonesia (93.0 units)
- New Zealand (83.0 units)
- Pakistan (70.0 units)
- Barbados (63.0 units)
- Malaysia (61.0 units)
- Oman (55.0 units)
- United Kingdom (20.0 units)
- Qatar (19.0 units)
This report provides an in-depth analysis of the contact lense market in the Philippines. 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 32504130 - Contact lenses
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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
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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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