
Ireland - Contact Lenses - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).
By clicking «Buy the Report», you agree to our Terms of Service, Privacy Policy and Licenses. We'll occasionally send you account related emails.
Ireland's Contact Lens Exports Slump Due to Lower Demand in Japan, the U.S. and China
IndexBox has just published a new report: 'Ireland - Contact Lenses - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
Ireland recorded an intense drop in contact lense exports owing to reduced demand from its major trade partners, Japan, the U.S and China. In value terms, exports fell from $1.4B in 2019 to $1.2B in 2020. The supplies to Japan, the U.S and China shrank by -3.2%, -15.8% and -4.1% y-o-y, respectively. The average export price for contact lenses from Ireland increased +5.9% y-o-y to $0.4 per unit last year.
Ireland's Contact Lense Exports
Contact lense exports from Ireland fell to 3.2B units in 2020, with a decrease of -15% compared with 2019 figures. In value terms, contact lense exports dropped from $1.4B in 2019 to $1.2B (IndexBox estimates) in 2020.
Japan (1.3B units), the U.S. (839M units) and the Netherlands (267M units) were the main destinations of contact lense exports from Ireland, with a combined 75% share of total exports. These countries were followed by China, Russia, South Korea and Taiwan (Chinese), which together accounted for a further 17%.
In value terms, Japan ($560M) remains the key foreign market for contact lense exports from Ireland, comprising 46% of total exports. The second position in the ranking was occupied by the U.S. ($134M), with a 11% share of total exports. It was followed by China, with a 5.3% share.
In 2020, the supplies (in value terms) to Japan, the U.S and China dropped by -3.2% y-o-y, -15.8% y-o-y and -4.1% y-o-y respectively.
The average contact lense export price stood at $0.4 per unit in 2020, growing by +5.9% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was Russia ($0.5 per unit), while the average price for exports to the Netherlands ($0.1 per unit) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the contact lense market in Ireland. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, February 22nd, 2022 @ 04:00 pm ET
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, February 8th, 2022 @ 04:00 pm ET
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, January 25th, 2022 @ 04:00 pm ET