Feb 1, 2019

Cyprus - Contact Lenses - Market Analysis, Forecast, Size, Trends and Insights

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Cyprus: Contact Lens Market Overview 2019

Contact Lens Market Size in Cyprus

The revenue of the contact lens market in Cyprus amounted to $X in 2018, increasing by X% against the previous year. Over the period under review, contact lens consumption continues to indicate a prominent increase. The pace of growth was the most pronounced in 2014, when the market value increased by X% year-to-year. Cyprus contact lens consumption peaked in 2018, and is expected to retain its growth in the immediate term.

Contact Lens Production in Cyprus

In value terms, contact lens production totaled $X in 2018 estimated in export prices. Overall, contact lens production continues to indicate a relatively flat trend pattern.

Contact Lens Exports

Exports from Cyprus

In 2018, contact lens exports from Cyprus amounted to X units, growing by X% against the previous year. In general, contact lens exports continue to indicate a skyrocketing growth. The growth pace was the most rapid in 2016, with an increase of X% year-to-year. Over the period under review, contact lens exports reached their peak figure in 2018, and are expected to retain its growth in the near future.

In value terms, contact lens exports totaled $X in 2018. Over the period under review, contact lens exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2010, when exports increased by X% against the previous year. In that year, contact lens exports attained their peak of $X. From 2011 to 2018, the growth of contact lens exports remained at a lower figure.

Exports by Country

Ireland represented the major exporter of contact lenses in the world, with the volume of exports finishing at X units, which was near X% of total exports in 2018. It was distantly followed by Germany (X units), the UK (X units), Taiwan, Chinese (X units), the U.S. (X units), Singapore (X units) and Hungary (X units), together making up X% share of total exports. Malaysia (X units) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to contact lens exports from Ireland stood at +X%. At the same time, Hungary (+X%), Germany (+X%), Taiwan, Chinese (+X%), Singapore (+X%), Malaysia (+X%), the UK (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2018. While the share of Malaysia (-X%), the U.S. (-X%), Singapore (-X%), Hungary (-X%), the UK (-X%), Taiwan, Chinese (-X%), Germany (-X%) and Ireland (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest contact lens markets from Cyprus were Ireland ($X), the UK ($X) and the U.S. ($X), with a combined X% share of total exports. These countries were followed by Germany, Singapore, Taiwan, Chinese, Malaysia, Hungary and Cyprus, which together accounted for a further X, Chinese recorded the highest rates of growth with regard to exports, in terms of the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the contact lens export price in Cyprus amounted to $X per thousand units, dropping by -X% against the previous year. Overall, the contact lens export price continues to indicate a precipitous shrinkage. The pace of growth was the most pronounced in 2012, when the export price increased by X% against the previous year. In that year, the export prices for contact lenses attained their peak level of $X per thousand units. From 2013 to 2018, the growth in terms of the export prices for contact lenses remained at a somewhat lower figure.

Export prices varied noticeably by the country of origin; the country with the highest export price was the U.S. ($X per thousand units), while Hungary ($X per thousand units) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of export prices was attained by the UK, while the other leaders experienced a decline in the export price figures.

Contact Lens Imports

Imports into Cyprus

Contact lens imports into Cyprus stood at X units in 2018, picking up by X% against the previous year. Overall, contact lens imports continue to indicate an outstanding increase. The pace of growth was the most pronounced in 2014, with an increase of X% y-o-y. Cyprus imports peaked in 2018, and are likely to continue its growth in the immediate term.

In value terms, contact lens imports stood at $X in 2018. Overall, the total imports indicated a strong expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the contact lens imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2017, with an increase of X% against the previous year. Over the period under review, contact lens imports reached their peak figure in 2018, and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, Japan (X units), distantly followed by the U.S. (X units), the UK (X units), China (X units), Belgium (X units) and Singapore (X units) represented the key importers of contact lenses, together making up X% of total imports. Italy (X units), South Korea (X units), Taiwan, Chinese (X units), Russia (X units), France (X units) and Sweden (X units) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Cyprus, while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the U.S. ($X) and the UK ($X) appeared to be the countries with the highest levels of imports in 2018, together comprising X% of total imports. These countries were followed by Singapore, Italy, China, France, South Korea, Belgium, Russia, Taiwan, Chinese, Sweden and Cyprus, which together accounted for a further X terms of the main importing countries, China experienced the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the contact lens import price in Cyprus amounted to $X per thousand units, picking up by X% against the previous year. Overall, the contact lens import price, however, continues to indicate a deep descent. The growth pace was the most rapid in 2017, when the import price increased by X% against the previous year. Cyprus import price peaked at $X per thousand units in 2008; however, from 2009 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average import prices amongst the major importing countries. In 2018, the country with the highest import price was France ($X per thousand units), while Belgium ($X per thousand units) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of import prices was attained by China, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 32504130 - Contact lenses

This report provides an in-depth analysis of the contact lens market in Cyprus. 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:
• Cyprus

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Cyprus
• 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 2025
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 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2018
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 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption In 2007–2018
Table 5:
Imports, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Value Terms, By Country, 2007–2018
Table 7:
Import Prices, By Country Of Origin, 2007–2018
Table 8:
Exports, In Physical Terms, By Country, 2007–2018
Table 9:
Exports, In Value Terms, By Country, 2007–2018
Table 10:
Export Prices, By Country Of Destination, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2018
Figure 5:
Trade Balance, In Physical Terms, 2007–2018
Figure 6:
Trade Balance, In Value Terms, 2007–2018
Figure 7:
Per Capita Consumption, 2007–2018
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, 2007–2018
Figure 21:
Production, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, 2007–2018
Figure 23:
Imports, In Value Terms, 2007–2018
Figure 24:
Imports, In Physical Terms, By Country, 2018
Figure 25:
Imports, In Physical Terms, By Country, 2007–2018
Figure 26:
Imports, In Value Terms, By Country, 2007–2018
Figure 27:
Import Prices, By Country Of Origin, 2007–2018
Figure 28:
Exports, In Physical Terms, 2007–2018
Figure 29:
Exports, In Value Terms, 2007–2018
Figure 30:
Exports, In Physical Terms, By Country, 2018
Figure 31:
Exports, In Physical Terms, By Country, 2007–2018
Figure 32:
Exports, In Value Terms, By Country, 2007–2018
Figure 33:
Export Prices, By Country Of Destination, 2007–2018
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