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Bulgaria - Contact Lenses - Market Analysis, Forecast, Size, Trends and Insights
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Bulgaria: Contact Lense Market Overview 2021

Contact Lense Market Size in Bulgaria

The Bulgarian contact lense market surged to $X in 2020, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the market value increased by X% year-to-year. Over the period under review, the market reached the peak level in 2020 and is expected to retain growth in the immediate term.

Contact Lense Exports

Exports from Bulgaria

After two years of growth, shipments abroad of contact lenses decreased by -X% to X units in 2020. In general, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2008 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at X units in 2016; however, from 2017 to 2020, exports stood at a somewhat lower figure.

In value terms, contact lense exports declined remarkably to $X in 2020. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

Exports by Country

Greece (X units), the Czech Republic (X units) and Norway (X units) were the main destinations of contact lense exports from Bulgaria, together comprising X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for contact lense exported from Bulgaria were the Czech Republic ($X), Norway ($X) and Romania ($X), together accounting for X% of total exports. These countries were followed by Switzerland, Greece and Denmark, which together accounted for a further X (+X% per year) recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average contact lense export price stood at $X per unit in 2020, with a decrease of -X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 an increase of X% year-to-year. The export price peaked at $X per unit in 2014; however, from 2015 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Denmark ($X per unit), while the average price for exports to Greece ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Denmark, while the prices for the other major destinations experienced mixed trend patterns.

Contact Lense Imports

Imports into Bulgaria

In 2020, the amount of contact lenses imported into Bulgaria soared to X units, increasing by X% against 2019 figures. Over the period under review, imports posted significant growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked in 2020 and are likely to continue growth in the near future.

In value terms, contact lense imports soared to $X in 2020. Overall, imports recorded resilient growth. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2020 and are expected to retain growth in years to come.

Imports by Country

In 2020, the Netherlands (X units) constituted the largest contact lense supplier to Bulgaria, accounting for a X% share of total imports. Moreover, contact lense imports from the Netherlands exceeded the figures recorded by the second-largest supplier, the UK (X units), twofold. The third position in this ranking was occupied by the Czech Republic (X units), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from the Netherlands stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and the Czech Republic (+X% per year).

In value terms, Germany ($X), the Czech Republic ($X) and the Netherlands ($X) constituted the largest contact lense suppliers to Bulgaria, together comprising X% of total imports.

Germany saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average contact lense import price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. Over the period under review, average import prices hit record highs at $X per unit in 2010; however, from 2011 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Czech Republic, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for contact lenses in the world?
+
The countries with the highest volumes of contact lense consumption in 2020 were Japan (3.4B units), the UK (2.4B units) and China (706M units), with a combined 65% share of global consumption. These countries were followed by the U.S., Belgium, Italy, India and Russia, which together accounted for a further 16%.
What are the largest producers of contact lenses in the world?
+
Ireland (3.1B units) constituted the country with the largest volume of contact lense production, comprising approx. 46% of total volume. Moreover, contact lense production in Ireland exceeded the figures recorded by the second-largest producer, Taiwan (Chinese) (1.2B units), threefold. The UK (767M units) ranked third in terms of total production with a 11% share.
What are the leading suppliers of contact lenses to Bulgaria?
+
In value terms, Germany ($1.1M), the Czech Republic ($660K) and the Netherlands ($636K) appeared to be the largest contact lense suppliers to Bulgaria, with a combined 77% share of total imports.
What are the leading importers of contact lenses from Bulgaria?
+
In value terms, the largest markets for contact lense exported from Bulgaria were the Czech Republic ($16K), Norway ($8.9K) and Romania ($7.2K), together comprising 64% of total exports. These countries were followed by Switzerland, Greece and Denmark, which together accounted for a further 27%.
What is the average export price for contact lenses in Bulgaria?
+
The average contact lense export price stood at $9.7 per unit in 2020, shrinking by -52.5% against the previous year.
What is the average import price for contact lenses in Bulgaria?
+
The average contact lense import price stood at $1.7 per unit in 2020, picking up by 14% against the previous year.

Product coverage:
• Prodcom 32504130 - Contact lenses

This report provides an in-depth analysis of the contact lense market in Bulgaria. 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 2025.


Country coverage:
• Bulgaria

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Bulgaria
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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