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

Estonia: Contact Lens Market Overview 2019

Contact Lens Market Size in Estonia

The revenue of the contact lens market in Estonia amounted to $X in 2018, approximately reflecting the previous year. In general, contact lens consumption, however, continues to indicate a remarkable growth. The growth pace was the most rapid in 2017, with an increase of X% year-to-year. Over the period under review, the contact lens market reached its peak figure level in 2018, and is likely to continue its growth in the immediate term.

Contact Lens Production in Estonia

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

Contact Lens Exports

Exports from Estonia

In 2018, approx. X units of contact lenses were exported from Estonia; falling by -X% against the previous year. Overall, contact lens exports, however, continue to indicate an outstanding increase. The most prominent rate of growth was recorded in 2017, when exports increased by X% year-to-year. In that year, contact lens exports attained their peak of X units, and then declined slightly in the following year.

In value terms, contact lens exports amounted to $X in 2018. Overall, contact lens exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2010, when exports increased by X% against the previous year. Over the period under review, contact lens exports attained their peak figure at $X in 2017, and then declined slightly in the following year.

Exports by Country

Ireland represented the main exporter of contact lenses in the world, with the volume of exports accounting for X units, which was approx. X% of total exports in 2018. Germany (X units) took a X% share (based on tonnes) of total exports, which put it in second place, followed by the UK (X%), Taiwan, Chinese (X%), the U.S. (X%), Singapore (X%) and Hungary (X%). Malaysia (X units) followed a long way behind the leaders.

Exports from Ireland increased at an average annual rate of +X% from 2007 to 2018. 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. Malaysia (-X%), the U.S. (-X%), Singapore (-X%), Hungary (-X%), the UK (-X%), Taiwan, Chinese (-X%), Germany (-X%) and Ireland (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ireland ($X), the UK ($X) and the U.S. ($X) were the countries with the highest levels of exports in 2018, together accounting for X% of total exports. These countries were followed by Germany, Singapore, Taiwan, Chinese, Malaysia, Hungary and Estonia, 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 Estonia amounted to $X per thousand units, declining by -X% against the previous year. Over the period under review, the contact lens export price continues to indicate a deep descent. The growth pace was the most rapid in 2009, when the export price increased by X% year-to-year. Over the period under review, the export prices for contact lenses reached their maximum at $X per thousand units in 2011; however, from 2012 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average export prices amongst the major exporting countries. In 2018, 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 Estonia

In 2018, approx. X units of contact lenses were imported into Estonia; leveling off at the previous year. Over the period under review, contact lens imports, however, continue to indicate a skyrocketing growth. The most prominent rate of growth was recorded in 2017, when imports increased by X% y-o-y. In that year, contact lens imports reached their peak of X units, and then declined slightly in the following year.

In value terms, contact lens imports amounted to $X in 2018. In general, contact lens imports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2010, with an increase of X% against the previous year. Over the period under review, contact lens imports attained their peak figure in 2018, and are expected to retain its growth in the near future.

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 main importers of contact lenses, together constituting 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) took a minor share of total imports.

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

In value terms, Japan ($X), the U.S. ($X) and the UK ($X) constituted the countries with the highest levels of imports in 2018, with a combined X% share of total imports. Singapore, Italy, China, France, South Korea, Belgium, Russia, Taiwan, Chinese, Sweden and Estonia lagged somewhat behind, together accounting for a further X the main importing countries, China recorded the highest rates of growth with regard to 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 Estonia amounted to $X per thousand units, growing by X% against the previous year. Overall, the contact lens import price, however, continues to indicate a significant downturn. The growth pace was the most rapid in 2010, an increase of X% y-o-y. Over the period under review, the import prices for contact lenses reached their maximum at $X per thousand units in 2016; however, from 2017 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