Eastern Europe: Contact Lense Market 2024

Contact Lense Market Size in Eastern Europe

The East European contact lense market reached $X in 2022, flattening at the previous year. The total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Contact Lense Production in Eastern Europe

In value terms, contact lense production expanded significantly to $X in 2022 estimated in export price. Overall, production enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Contact Lense Exports

Exports in Eastern Europe

In 2022, overseas shipments of contact lenses decreased by X% to X units, falling for the third consecutive year after eight years of growth. Overall, exports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2014 with an increase of X%. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, contact lense exports rose modestly to $X in 2022. Over the period under review, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Hungary dominates exports structure, reaching X units, which was near X% of total exports in 2022. It was distantly followed by the Czech Republic (X units), Poland (X units) and Lithuania (X units), together committing a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to contact lense exports from Hungary stood at X%. At the same time, the Czech Republic (X%), Poland (X%) and Lithuania (X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. The Czech Republic (X p.p.) and Poland (X p.p.) significantly strengthened its position in terms of the total exports, while Hungary saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest contact lense supplying countries in Eastern Europe were Hungary ($X), the Czech Republic ($X) and Poland ($X), with a combined X% share of total exports.

The Czech Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced a decline in the export price figures.

Contact Lense Imports

Imports in Eastern Europe

In 2022, the amount of contact lenses imported in Eastern Europe contracted rapidly to X units, dropping by X% compared with 2021 figures. In general, imports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2021, and then contracted rapidly in the following year.

In value terms, contact lense imports surged to $X in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, Russia (X units) was the main importer of contact lenses, making up X% of total imports. The Czech Republic (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Poland (X%), Hungary (X%) and Lithuania (X%). The following importers - Ukraine (X units) and Latvia (X units) - each amounted to a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to contact lense imports into Russia stood at X%. At the same time, the Czech Republic (X%), Lithuania (X%), Latvia (X%), Poland (X%), Ukraine (X%) and Hungary (X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. While the share of Russia (X p.p.), the Czech Republic (X p.p.) and Lithuania (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ukraine (X p.p.), Hungary (X p.p.) and Poland (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported contact lenses in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by the Czech Republic ($X), with an X% share of total imports. It was followed by Poland, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Russia stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Poland (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2022, jumping by X% against the previous year. In general, the import price, however, recorded a pronounced reduction. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hungary ($X per unit), while the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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