Azerbaijan - Contact Lenses - Market Analysis, Forecast, Size, Trends and Insights
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View PricingContact Lense Price in Azerbaijan - 2023
Contents:
- Contact Lense Price in Azerbaijan (CIF) - 2022
- Contact Lense Price in Azerbaijan (FOB) - 2022
- Contact Lense Imports in Azerbaijan
- Contact Lense Exports in Azerbaijan
Contact Lense Price in Azerbaijan (CIF) - 2022
In 2022, the average contact lense import price amounted to $1.8 per unit, rising by 1.7% against the previous year. Overall, the import price, however, showed a deep slump. The growth pace was the most rapid in 2021 when the average import price increased by 17%. The import price peaked at $9.4 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
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 Ireland ($25 per unit), while the price for China ($1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+27.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Contact Lense Price in Azerbaijan (FOB) - 2022
The average contact lense export price stood at $0.9 per unit in 2022, which is down by -13% against the previous year. Over the period under review, the export price showed a sharp shrinkage. The export price peaked at $174 per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Russia.
From 2017 to 2022, the rate of growth in terms of prices for Georgia amounted to -72.2% per year.
Contact Lense Imports in Azerbaijan
For the third year in a row, Azerbaijan recorded decline in purchases abroad of contact lenses, which decreased by -8.2% to 122K units in 2022. Overall, imports faced a dramatic slump. Over the period under review, imports attained the peak figure at 281K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, contact lense imports shrank to $215K in 2022. In general, imports continue to indicate a sharp curtailment. Over the period under review, imports hit record highs at $478K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Import of Contact Lense in Azerbaijan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 107 | 97.2 | 106 | 82.3 | -8.4% |
China | 68.8 | 103 | 59.3 | 77.4 | 4.0% |
Ireland | 80.2 | N/A | 16.4 | 26.6 | -30.8% |
Turkey | 82.3 | 38.3 | 5.0 | 11.2 | -48.6% |
Others | 139 | 9.5 | 43.7 | 17.4 | -50.0% |
Total | 478 | 248 | 230 | 215 | -23.4% |
Top Suppliers of Contact Lense to Azerbaijan in 2022:
- China (77.3K units)
- South Korea (40.4K units)
- Turkey (1.6K units)
- Ireland (1.1K units)
Contact Lense Exports in Azerbaijan
In 2022, overseas shipments of contact lenses decreased by -63.9% to 7.5K units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, recorded notable growth. The growth pace was the most rapid in 2021 with an increase of 191% against the previous year. As a result, the exports attained the peak of 21K units, and then fell remarkably in the following year.
In value terms, contact lense exports contracted rapidly to $6.8K in 2022. Overall, exports faced a deep slump. The growth pace was the most rapid in 2021 when exports increased by 110% against the previous year. As a result, the exports reached the peak of $22K, and then fell markedly in the following year.
Export of Contact Lense in Azerbaijan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
Russia | N/A | N/A | 6.8 | 0% | |
Georgia | 10.3 | 21.6 | N/A | 109.7% | |
Others | N/A | N/A | N/A | 0% | |
Total | 10.3 | 21.6 | 6.8 | -18.7% |
Top Export Markets for Contact Lense from Azerbaijan in 2022:
- Russia (7.5K units)
This report provides an in-depth analysis of the contact lense market in Azerbaijan. 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:
- Azerbaijan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Azerbaijan
- 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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In 2016, the global imports of contact lens totaled X tons, jumping by X% against the previous year figure. Overall, it indicated a strong expansion from 2007 to 2016: the total imports volume i...
In 2016, the global imports of contact lens totaled X tons, jumping by X% against the previous year figure. Overall, it indicated a strong expansion from 2007 to 2016: the total imports volume i...
Global contact lenses consumption showed steady growth, rising from X billion units in 2007 to X billion units in 2015.
The global trade in contact lenses amounted to X million USD in 2015, showing a robust growth trend from 2007 to 2015, with the exception of barely perceptible declines in 2009 and 2015. Overall, there was an annual increase of +X% from 2007 to X
A report published by the Association of Contact Lens Manufacturers (ACLM) states that the number of contact lens wearers in the UK and Ireland has increased by more than twofold over the last twelve years, reaching X million people in 2014.
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